Trends - Airbus - Business Recorder

Airbus

Norwegian Air has cancelled all remaining 88 jets in Airbus order

The airline took an impairment charge of 4.8 billion crowns ($93.51 million) in the fourth quarter relating to the termination of aircraft purchase contracts with Airbus and Boeing.

Published 26 Feb, 2021 08:32pm

Business & Finance

Spirit posts quarterly loss on pandemic, 737 MAX pain

"2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis," Spirit Chief Executive Officer Tom Gentile said.
Spirit's total deliveries of shipsets, or complete sets of parts, fell 48.9% to 231 units in the fourth quarter. Boeing 737 MAX deliveries fell to 19 shipsets from 153 a year ago.

Published 23 Feb, 2021 08:02pm

Business & Finance

Kuwait's Jazeera Airways considering 13 jet order, chairman

The budget carrier has long mulled an aircraft order to expand and replace its fleet of leased Airbus, but decided against going head with such a deal as recently as 2019.
We have put in place a five-year plan in which the number of our fleet aircraft will increase from 17 to 30 aircraft within five years ending in 2025.

Published 22 Feb, 2021 09:22pm

Business & Finance

Airbus looks to A321 XLR to exit virus crisis

PARIS: The Covid-19 pandemic has hit aircraft manufacturers hard but Airbus is already looking towards a new plane ...

Updated 22 Feb, 2021 09:57am

Business & Finance

Airbus CEO urges trade war ceasefire, easing of COVID travel bans

"This dispute, which is now an old dispute, has put us in a lose-lose situation," Airbus Chief Executive Guillaume Faury said in a radio interview.

Published 20 Feb, 2021 05:50pm

Markets

European shares up

MILAN/ROTTERDAM: European shares inched higher on Thursday as mining stocks tracked a jump in commodity prices and...

Published 19 Feb, 2021 04:07am

Business & Finance

Cautious Airbus forecast disappoints after 2020 loss

Airbus sees flat deliveries in 2021 despite output increase.
Reintroduces delivery and operating profit targets.
Signals that spun-off aerostructures units will stay in-house.

Published 18 Feb, 2021 09:01pm

Business & Finance

Airbus books 1.1-billion-euro loss in 2020 in wake of Covid-19

Airbus said in a statement that it booked a net loss of 1.1 billion euros ($1.3 billion) in 2020.

Published 18 Feb, 2021 06:02pm

Business & Finance

Airbus sees stable aircraft deliveries after 2020 loss

Airbus, which has overtaken US rival Boeing to become the world's largest jetmaker following a 20-month safety grounding of the Boeing 737 MAX, predicted flat 2021 deliveries and a core operating profit of 2 billion euros ($2.4 billion).

Published 18 Feb, 2021 11:33am

Business & Finance

Airbus looks to A321 XLR to exit virus crisis

With the pandemic having decimated air traffic, airlines are likely to have even more need for such aircraft as they rebuild their route networks.

Published 17 Feb, 2021 11:44am

Business & Finance

Flight simulator maker CAE's profit halves as pandemic weighs on demand

CAE, which produces flight simulators for planemakers Boeing Co and Airbus, however, expects to see an uptick in training contracts as more people get vaccinated and resume air travel.
The world's largest civil aviation training specialist said its net income attributable to shareholders fell to C$48.8 million ($38.29 million).

Published 12 Feb, 2021 08:04pm

World

Yellen notes ‘importance’ of US-UK relationship

WASHINGTON: Newly-installed US Treasury Secretary Janet Yellen on Wednesday spoke with her British counterpart Rishi...

Published 28 Jan, 2021 04:40am

World

Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash

In 2019, French judges dropped charges against the airline and plane manufacturer over the crash, blaming the pilots for losing control of the plane.
French investigators found the crew of AF447 mishandled the loss of speed readings from sensors blocked with ice from a storm.

Updated 27 Jan, 2021 11:31pm

World

About 500 Airbus staff under quarantine

BERLIN: Airbus said on Sunday about 500 of its staff had gone into quarantine after 21 workers at its aircraft...

Published 25 Jan, 2021 04:23am

Business & Finance

Gulf Air seeks Airbus, Boeing aircraft delays, acting CEO says

Majority of fleet could fly by year-end.
Pre-crisis network could recover by 2023.

Updated 24 Jan, 2021 06:15pm

Business & Finance

Airbus to meet top suppliers amid jet output concerns

Next week's briefing by Airbus Chief Executive Guillaume Faury for the heads of several suppliers is expected to set the manufacturing tone for the coming year.
It looks like the rate of 47 is slipping to the right.

Published 08 Jan, 2021 08:20pm

Business & Finance

Airbus to launch a carbon-free aircraft by 2035

Airbus hopes to become an international pioneer in the aerospace sector by launching a carbon-free commercial aircraft by 2035.
The engines in these carbon-free commercial aircrafts will be adapted to burn liquid hydrogen stored in the rear fuselage.

Updated 04 Jan, 2021 02:27pm

World

EU 'regrets' new US tariffs in Airbus-Boeing spat

The EU was authorised this year by the WTO to levy additional customs duties on American products.

Published 31 Dec, 2020 06:30pm

World

China completes maiden flight for passenger jet, challenging global aviation giants

Using the Chinese-made ARJ-21, the nation's main aircraft maker seeks to bolster the utilisation of domestically produced planes, in an effort to compete with international aviation behemoths such as Airbus and Boeing.
China seeks to leverage the nation's massive aviation network and growing domestic market to gain a larger chunk of the global aviation services industry.

Updated 31 Dec, 2020 12:23pm

Business & Finance

US imposes new tariffs on French, German products in Airbus-Boeing spat

As a result the US "is forced to change its reference period to the same period used by the European Union," it continued.

Published 31 Dec, 2020 09:44am

Business & Finance

EasyJet defers Airbus aircraft delivery

The airline said a total of 22 aircraft will be deferred from full year 2022 to 2024, to full year 2027 to 2028.

Published 22 Dec, 2020 01:14pm

Business & Finance

Airbus urges compromises on Brexit, transatlantic tariffs

Faury said Airbus would maintain its reduced output of 40 A320-family jets a month into early 2021, but did not address the timing or scale of any output increase.

Published 15 Dec, 2020 09:34am

Business & Finance

UK tariff decision plunges Airbus into new trade dispute

Britain said on Tuesday it would suspend the tariffs on Jan. 1
Airbus played down the move, saying the company's goal remains "to find a negotiated settlement of this long-standing dispute to avoid lose-lose tariffs."

Published 10 Dec, 2020 01:59am

BR Research

Airbus delivered 64 jets in November, down 34pc so far this year

Deliveries included seven wide-body A350 jets and 56 single-aisle jets including 54 of the main A320neo narrow-body family.
Deliveries are being closely scrutinized by investors as they generate much-needed cash during the coronavirus crisis.

Published 08 Dec, 2020 12:50am

Business & Finance

Airbus re-sells 6 jets built for AirAsia, denting surplus

Jets are part of surplus left idle due to pandemic.
A321neo jets are maintaining value - European source.

Published 28 Nov, 2020 12:44am

Business & Finance

Airbus, Boeing expected to turn to hybrid engine technology for new planes-lessor

Udvar-Hazy said hybrid engines would allow for a lighter aircraft weight, as well as a technology transition rather than a step change.

Published 20 Nov, 2020 10:09am

Business & Finance

Airbus flies into red in third quarter

Earnings were hit by a restructuring charge of 1.2 billion euros related to the decision to axe 15,000 jobs.

Published 29 Oct, 2020 06:10pm

Business & Finance

Airbus tells suppliers: plan now for post-crisis output hike

It is among the first visible moves by aerospace firms to prepare for a possible bounce back from the pandemic and comes days after a major buyer, Wizz Air, predicted a quick rebound for the strongest budget carriers.

Published 23 Oct, 2020 10:09am

Business & Finance

Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

The drop matches a 40% output fall triggered by the coronavirus crisis, with Airbus deciding last month to maintain the new rates unchanged.
Airbus axed guidance at the outset of the pandemic but is internally targeting around 500 deliveries in 2020.

Published 10 Oct, 2020 12:37am

Business & Finance

Airbus executive says aviation outlook worse than expected

With air travel at a fraction of normal levels due to restrictions and travellers' fears related to the pandemic.
Airbus has said it needs to shed 15,000 posts worldwide.

Updated 04 Oct, 2020 12:54am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22

Item	Value
Crude Oil / Feb 27	61.50
Karachi Cotton Assoc. / Feb 27	12200.00
Gold 10 Grams / Feb 27	94564.00
Gold Spot / Feb 27	1728.80
Cotton / Feb 27	88.83

Airbus

Norwegian Air has cancelled all remaining 88 jets in Airbus order

Spirit posts quarterly loss on pandemic, 737 MAX pain

Kuwait's Jazeera Airways considering 13 jet order, chairman

Airbus looks to A321 XLR to exit virus crisis

Airbus CEO urges trade war ceasefire, easing of COVID travel bans

European shares up

Cautious Airbus forecast disappoints after 2020 loss

Airbus books 1.1-billion-euro loss in 2020 in wake of Covid-19

Airbus sees stable aircraft deliveries after 2020 loss

Airbus looks to A321 XLR to exit virus crisis

Flight simulator maker CAE's profit halves as pandemic weighs on demand

Yellen notes ‘importance’ of US-UK relationship

Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash

About 500 Airbus staff under quarantine

Gulf Air seeks Airbus, Boeing aircraft delays, acting CEO says

Airbus to meet top suppliers amid jet output concerns

Airbus to launch a carbon-free aircraft by 2035

EU 'regrets' new US tariffs in Airbus-Boeing spat

China completes maiden flight for passenger jet, challenging global aviation giants

US imposes new tariffs on French, German products in Airbus-Boeing spat

EasyJet defers Airbus aircraft delivery

Airbus urges compromises on Brexit, transatlantic tariffs

UK tariff decision plunges Airbus into new trade dispute

Airbus delivered 64 jets in November, down 34pc so far this year

Airbus re-sells 6 jets built for AirAsia, denting surplus

Airbus, Boeing expected to turn to hybrid engine technology for new planes-lessor

Airbus flies into red in third quarter

Airbus tells suppliers: plan now for post-crisis output hike

Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

Airbus executive says aviation outlook worse than expected

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