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The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had soured relations between them.
Jet design rules are becoming tougher for all aircraft manufacturers after Boeing crashes last year. Tuesday marked one year since the deadly crash of a Lion Air jet, which Indonesian
The World Trade Organization (WTO) formally authorised the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after an arbitrator’s decision over subsidies to planemaker Airbus .
The United States won approval on Wednesday to impose tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger
Europe’s Airbus announced the biggest plane deal in history on the opening day of the Paris Airshow on Monday, with an order for 500 narrowbody jets from Indian budget carrier IndiGo.
Airbus flew back into profit in the first three months of the current year as cost-cutting and restructuring measures began to pay off, but it warned that the crisis caused by the coronavirus pandemic was not yet over.
French planemaker Airbus signed an agreement with Air India for 250 jets, as part of the Indian carrier’s jumbo deal under its new owners, Tata Group, industry sources told Reuters.
Lufthansa may permanently ground more jets to emerge leaner from the coronavirus pandemic, the German airline group said, as it reported a record 6.7 billion euro ($8.10 billion) loss for 2020.
The European Union and the United States agreed on Friday to suspend tariffs imposed on billions of dollars of imports in a 16-year-old dispute over aircraft subsidies and said any solution would need to focus on China.
The first ever Airbus A 350-900 aircraft, under the Air India flag, landed at Indira Gandhi International (IGI) airport on Saturday.
