After 16 years of litigation at the World Trade Organisation (WTO), Airbus has agreed with the governments of France and Spain to make amendments to the A350 Repayable Launch Investment (RLI) contracts, making the final stop of a long-standing dispute and removes any justification for US tariffs, a press release stated The release said Airbus made the decision to amend the French and Spanish contracts according to parameters that the WTO considers “appropriate interest rate and risk … [Read more...] about Airbus agrees to amend contracts to ease global trade woes
Airbus
Airbus forms Team Nightjar to deliver Australian industry capability
Airbus Helicopters has joined hands with over 20 Australian partners to form Team Nightjar, as the consortium launches its solution to Project LAND 2097 Phase 4. Under this Project, the Commonwealth of Australia is seeking a fleet of helicopters to support the Australian Defence Force’s Special Operations. Bringing together Australia’s best industry capabilities and academia, the Team Nightjar members include Cablex, Cyborg Dynamics, Deakin University, DEWC, ECLIPS, Ferra Engineering, … [Read more...] about Airbus forms Team Nightjar to deliver Australian industry capability
Airbus Helicopters marks 60 years of long-standing partnership with Japan
Airbus Helicopters marks 60 years of long-standing partnership with Japan this year. Since its predecessor Sud Aviation entered into an exclusive distributorship agreement with Nozaki & Co., Ltd. in Japan in 1960, followed by the company’s first helicopter delivery – an Alouette II – in 1961, there are over 370 Airbus helicopters flying in the country today for a variety of missions across business segments. “We are indeed very happy to celebrate this milestone today with the partners and … [Read more...] about Airbus Helicopters marks 60 years of long-standing partnership with Japan
Anand Stanley appointed President Airbus Asia-Pacific
Airbus has named Anand Stanley as President Airbus Asia-Pacific, effective 1 July 2020. Based in Singapore, Anand Stanley will lead the strategy and future positioning of Airbus and its divisions across the region. In this role, he will have responsibility for commercial aircraft sales and customer affairs, group-wide government affairs, industrial and joint venture partnerships, as well as the local operations at Airbus sites across the region. Anand Stanley reports to Christian Scherer, … [Read more...] about Anand Stanley appointed President Airbus Asia-Pacific
Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19
Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market, presents updates to the 2020 outlook and growth opportunities for original equipment manufacturers (OEMs), the supply chain, and aftermarket suppliers. Under the conservative forecast scenario, the market is estimated to witness a dramatic drop in revenues, reaching $149.24 billion in 2020 and garnering a revenue of $271.67 billion by 2025. However, the aspirational … [Read more...] about Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19
Airbus reports first quarter (Q1) 2020 results
Airbus reports First Quarter (Q1) 2020 results Market environment strongly impacted by COVID-19 situation, particularly in commercial aircraft ● Q1 2020 financials partially impacted by COVID-19 ● Revenues € 10.6 billion; EBIT Adjusted € 281 million ● EBIT (reported) € 79 million; loss per share (reported) € -0.61 ● Free cash flow before M&A and customer financing € -8.0 billion / € -4.4 billion before payment of € -3.6 billion penalties ● Strong focus on matching … [Read more...] about Airbus reports first quarter (Q1) 2020 results
