The world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus’s vision of huge jets to combat airport congestion.Add your comment!
Leading German figures have written to the UK asking it to stay in the European Union. The letter, published in The Times, is signed by 31 people, including the leader of the Christian Democratic Union - and likely successor to Angela Merkel - Annegret Kramp-Karrenbauer and former Arsenal goalkeeper Jens Lehmann.
Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.
Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without a transition deal. The European plane maker said the warning was not part of project fear, but its dawning reality. Airbus employs about 14,000 people at 25 different sites in the UK.
The World Trade Organization (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus. US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.
The Emirates airline has announced an order for up to 36 Airbus A380s. The US$16bn deal amounts to a reprieve for the A380 after Airbus threatened to stop making the jet if it could not come to a deal with Emirates.
Airbus’ Commercial Aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new company record of 718 aircraft delivered to 85 customers. Deliveries were more than 4% higher than the previous record of 688 set in 2016. The 2017 total comprises: 558 single aisle A320 Family (of which 181 were A320neo – an increase of 166% over 2016); 67 A330s; 78 A350 XWBs (up by nearly 60% from 2016) and 15 A380s. Furthermore, to cap this resounding annual production achievement, Airbus achieved 1,109 net orders from 44 customers. At the end of 2017 Airbus’ overall backlog stood at 7,265 aircraft valued at US$1.059 trillion at list prices.
The first structurally complete airframe for the new BelugaXL rolled out from its assembly hangar in Toulouse, France this month. Once operational, a fleet of these next-generation airlifters will be used to transport completed sections of Airbus aircraft among the company’s European production sites and to its final assembly lines in France, Germany and Spain.
Airbus announced that it had finalized agreements with Indigo Partners and its four portfolio airlines for the purchase of 430 additional A320neo Family aircraft for ultra-low-cost airlines Frontier Airlines (United States), JetSMART (Chile), Volaris (Mexico) and Wizz Air (Hungary).
Canada's Bombardier Inc. announced on Monday it has sold a majority stake in its CSeries passenger jet business to European aerospace giant Airbus for no cost. The move comes after lackluster sales and after the U.S. Commerce Department imposed harsh duties on Bombardier, charging the Montreal-based company is selling the CSeries planes in the U.S. below cost and receiving government subsidies.