PARIS: Airbus has agreed to cut prices or reschedule delivery for hundreds of jets ordered by Malaysia's AirAsia to salvage a contract worth tens of billions of dollars with its largest Asian customer, industry sources said on Friday.
The restructuring deal resets relations between two of the industry's closest partners, torn apart by the financial impact of the coronavirus crisis, and lifts uncertainty over the fate of up to 400 A320-family single-aisle jets yet to be delivered.
Airbus declined commeRead More »
Thursday, 17 November 2016 KUALA LUMPUR: Malaysia Airlines Bhd’s (MAB) six new A350-900s aircraft, acquired on lease from Aircraft Lease Corp (ALC), will be delivered between the fourth quarter of 2017 and second quarter of 2018. MAB will operate the aircraft, powered by two Rolls Royce Trent XWB engines, on …Read More »
Thursday, 22 September 2016 NEW YORK: Airbus and Boeing received US licenses to sell planes to Iran Air, clearing the way for the first western aircraft sales to the country in decades. The approvals from the US Treasury Department allow both aerospace giants to proceed with sales worth billions …Read More »
Thursday, 6 July 2017 BERLIN: Airbus has signed an agreement to sell 140 aircraft to China, it said on Wednesday, in a deal worth almost $23 billion (17.81 billion pounds) at list prices. The agreement, signed during a visit by Chinese President Xi Jinping to Germany, is for 100 A320 …Read More »
Thursday, 22 June 2017 PARIS: Airbus has launched a digital services platform it says will enable airlines to fly more efficiently by crunching data to help them with maintenance, reduce fuel burn and optimise routes. The platform is powered by Silicon Valley firm Palantir and Airbus has been working with …Read More »
Thursday, 8 June 2017 China on Tuesday revealed the landing location of Chang’e-5 probe on the Moon and the future focus of lunar explorations at the ongoing Global Space Exploration Conference (GLEX 2017) in Beijing. Liu Jizhong, the director of the lunar exploration project of the China National Space Administration, …Read More »