Founder Favourites: Richard Farleigh on what playing chess, investing and starting a business have in common
Airbus’s performance prompts increase in full-year guidance October 28, 2021 Airbus’s third quarter results performed better than expected, prompting the company to increase its full-year guidance for 2021 to 600 commercial aircraft deliveries and an EBIT Adjusted of €4.5bn. “Based on our nine-month performance, we have updated our 2021 earnings and cash guidance,” said Airbus’s chief executive Guillaume Faury. “We are strengthening the balance sheet [...]
Airbus airplane that flies higher than planes and lower than satellites completes 18-day flight October 11, 2021 A solar-powered airplane that should soon bring the internet to some of the most rural areas in the world has been tested by Airbus, the aerospace giant said this afternoon. Its Zephyr model, which resembles an unmanned glider but with two small propellers, could soon be spending around six months in the air at a [...]
Qantas coughs up $9bn to renew its entire domestic fleet October 6, 2021 Australian carrier Qantas is renewing its domestic fleet for a total spending of more than $9bn. The airline has entered the final stages of a tender process with aircraft and engine manufacturers that will see more than 100 new aircraft become operational by 2034, according to a Bloomberg report. The renewal will reportedly mainly affect [...]
British Airways to bring back ‘Superjumbo’ Airbus A380 on short-haul flights October 5, 2021 British Airways is rumoured to bring back the 600-seater Airbus A380, after grounding it more than 18 months ago. Travel magazine Head for Points reported that the airline is planning on restarting operations for five of its 12 Airbus A380 aircraft from next month onward. The plan reportedly involves scheduling the plane – also known [...]
Qatar Airways grounds 13 Airbus jets due to ‘degrading’ fuselages August 5, 2021 Qatar Airways has today grounded 13 of its Airbus A350 planes due to the faster than expected deterioration of their fuselages. The airline was instructed to cease flying the affected planes by its regulator after the issue was discovered. It marks yet another escalation in an ongoing row between Qatar and Airbus over the problem. [...]
United Airlines confirms $30bn aeroplane order for 270 jets June 29, 2021 United Airlines has officially confirmed it is placing an over $30bn aeroplane order for around 270 Boeing and Airbus jets today, after a flurry of reports regarding the deal yesterday. After plane prices fell amid the pandemic, the airline sought favourable prices to boost its pandemic recovery, Reuters first reported. The order includes 200 Boeing [...]
US and EU near truce in long-running $11.5bn trade war June 15, 2021 The US and EU are set to announce a five-year suspension of tariffs over aircraft subsidies, marking an end to a trade dispute that has lasted 17 years. The two sides have agreed to pause the world’s largest corporate trade dispute and focus on the threat posed by China’s nascent commercial aircraft industry, sources told [...]
London to New York in 3.5 hours? United Airlines inks deal with Boom to make it happen June 3, 2021 New York to London in 3.5 hours? United Airlines inks deal with Boom to make it happen
Airbus shares cruising as planemaker ups production targets May 27, 2021 Planemaker Airbus today upped its jet production targets, saying that the sector’s recovery from the Covid-19 pandemic had now begun. The European aerospace giant said that a recovery in single-aisle planes would lead the commercial market back to pre-Covid levels between 2023 and 2025. Investors flocked to the firm’s bullishness, with shares in Airbus up [...]
Airbus to shut a Spanish production plant May 19, 2021 Airbus SE have announced plans to merge the activities of its two plants in Spain since the end of the production of A380 superjumbos has left the factories without enough work to sustain them both. The French company has already held discussions with the Spanish government and unions and aims to avoid forced layoffs, according [...]