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...The head of Airbus has said the group “might need some support” from European governments for a new, multibillion-dollar commercial aircraft programme as it gears up for a successor to its best-selling A320...
...Indonesia has vowed to sue the UK for a share of a record €991mn bribery settlement struck with European aerospace group Airbus, a move that ramps up the pressure on the British government to resolve the...
...The US company was the lead contractor, with Airbus as its junior partner....
...The European aerospace and defence group said adjusted operating profit rose 4 per cent to €5.8bn, while revenues for the year to the end of December increased 11 per cent to €65.4bn....
...Credit rating agencies have downgraded the group’s debt to junk status and warned of its poor liquidity amid high cash burn....
...Airbus chief executive Guillaume Faury said the European aerospace and defence group was trying to balance resurgent demand from airlines with a supply chain that was a “world of bottlenecks” with a “lot...
...The group is also expanding the international reach of its low-cost carrier Anadolu Jet....
...The European aerospace and defence group said it received 2,319 gross orders and 2,094 net orders after allowing for cancellations to the end of December last year....
...Airbus has made an indicative offer worth up to €1.8bn for the cyber security business of Atos, as the French IT services group seeks to reduce its debt burden....
...That creates a quandary for Airbus....
...An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said....
...The European group had been discussing the future of the operations after the Alaska Airlines incident, according to two people familiar with the situation. Airbus declined to comment on Friday....
...The region-wide Stoxx Europe 600 rose 0.3 per cent, with energy groups and rate-sensitive real estate stocks the best performers....
...It was spun out of Boeing in 2005 as the US group looked to shift fixed costs of its manufacturing facilities and labour to the variable cost of procuring parts from a supplier....
...Read more on Airbus here...
...Airbus is working with airports, airlines and energy groups on ways to scale up the infrastructure needed to make hydrogen fuel a reality, but executives have warned that a lack of green production of the...
...Guillaume Faury, Airbus chief executive, said the European aerospace and defence group was “monitoring very closely” what is coming out of the Alaska Airlines investigation....
...Under the plans group chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, according to two people briefed...
...Airbus had delivered 559 aircraft by the end of October, leaving it with 161 planes to complete if it is to hit its target....
...Airbus has enlisted the US defence group Northrop Grumman to bolster its bid for a share of a £6bn programme to build the next generation of communication satellites for the UK armed forces....
...The Paris-based group, whose chair is former UniCredit chief executive Jean Pierre Mustier, said on Monday it had appointed a mediator to oversee refinancing negotiations with lenders....
...This is still possible for Airbus’s planned replacement for the A320 narrow-body jet....
...But the popularity of Airbus’s single-aisle offering means the European group still has more orders than its US counterpart overall with a backlog of 8,598 to 5,626, respectively....
...Maria Laine, president of Boeing for the UK, Ireland and Nordics, said the US group chose Britain for the work as it offered “all the right ingredients”....
...Melrose’s GKN aerospace business is a leading supplier of airframe structures for Airbus and Boeing, as well as of components to engine manufacturers....
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