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Airbus

Spirit posts quarterly loss on pandemic, 737 MAX pain
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
Kuwait's Jazeera Airways considering 13 jet order, chairman
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
European shares up
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
Flight simulator maker CAE's profit halves as pandemic weighs on demand
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
Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash
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
Airbus to launch a carbon-free aircraft by 2035
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
China completes maiden flight for passenger jet, challenging global aviation giants
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