airbus
This year’s Farnborough International Airshow, one of the world’s biggest aviation trade fairs and attracts delegates, traders and enthusiasts from across the world, got underway this week.. On Monday, the first day of the five-day airshow, Airbus showcased its newest passenger jet which has sustainability at the core of its design. A single-aisle plane, the A321 XLR burns 30 per cent less fuel and boasts a prospective range of 4,700 nautical miles (nm), the range Airbus believes will beats a lot of the aircraft's larger, traditional long-haul competitors. “Wings and fuel, engines, propulsion ...
Euronews (English)
Airbus has recently announced that it would be halting hiring cycles, as well as slashing costs, in order to battle a stream of cheaper aircraft from China. The Commercial Aircraft Corporation of China (Comac) has been emerging as a potential rival to Airbus, and is currently preparing itself to significantly ramp up its aircraft exports and cement itself as a major player in the international airline market. This in turn, has left Airbus making big moves to decrease costs per aircraft and well as increase productivity in other ways. In an effort to do so, the company has already communicated ...
Euronews (English)
The deal means that Airbus will manage geostationary satellites, ground infrastructure, and launches for the next 15 years. Geostationary satellites are spacecraft that orbit the Earth at the same speed that the Earth rotates, meaning they stay in the same relative position. These craft are due to be deployed before the end of the decade. "At a time when Western democracies are challenged and where the European institutional space ecosystem is struggling, we are excited and grateful to develop and build this leading-edge system," Michael Schoellhorn, chief executive of Airbus Defence and Space...
Euronews (English)
Shares of Airbus tumbled 9.5% on Tuesday after Europe's biggest plane maker made an unscheduled announcement to cut its outlook for 2024. The group expects to deliver 770 commercial aircraft this year, compared with the previously projected 880. Airbus has moved the target of producing 75 A320 family aircraft per month from 2026 to 2027. Additionally, it has decided to record a charge of around €0.9 billion for the first half of 2024 due to risks associated with certain telecommunications, navigation, and observation programmes. It has also reduced the forecast of free cash flow to €3.5 billio...
Euronews (English)
Airbus, BMW and Michelin are among 11 companies set to receive millions in public subsidy to develop low-carbon hydrogen technology after EU competition officials approved a whopping package of state aid for an ‘important project of common European interest’ (IPCEI). The Hy2Move project, which as its name implies is intended to develop transport fuels, was prepared jointly by Estonia, France, Germany, Italy, Netherlands, Slovakia and Spain, who requested an exemption from single market rules that normally prohibit national subsidies. It is hoped the state aid will be matched by €3.3bn in priva...
Euronews (English)
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