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☆ China will not decouple from West, Airbus CEO says
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 14 (Reuters) - Airbus (AIR.PA) Chief Executive Guillaume Faury believes China and the West will reduce their mutual dependency in the long term but there is no question of them breaking off trade ties, he told Handelsblatt. "I think a break-up of economic areas is unthinkable," he told the business daily. Airbus has a market share of 50% in China with its own production, according to Handelsblatt. "From my point of view, the exchange is intense but good," he said of relations between the French and German governments, recently strained over energy policy. Writing by Paul Carrel; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

[1/3] An undelivered Airbus A350 built for Qatar Airways is seen in storage at Chateauroux, France, September 3, 2022 as Airbus and the Gulf carrier remain locked in a contractual and safety dispute. The two leaders discussed the issue last December during a visit by French President Emmanuel Macron to Doha, the French official told Reuters on Wednesday. The exchange marks the first confirmation that a bitter contractual and safety dispute spilled beyond the courtroom. A spokesperson for Qatar Airways could not immediately be reached for comment. The dispute marks a public divorce at the heart of the $150 billion jet industry with billions of dollars at stake.

☆ The CEO of Airbus says there are 'concerns on the safety side' as domestic air travel in Russia takes off, but sanctions prevent plane maintenance
▼ + stars: | 2022-10-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Airbus' CEO said he's concerned about Russian airlines flying without required maintenance. Sanctions against Russia over the Ukraine war have prevented Airbus from servicing Russian aircraft. Russian air travel has recovered to 85% of pre-pandemic capacity, per OAG, a data provider. Russia lifted all pandemic-related travel restrictions on July 1, and Russian airlines are operating at about 85% of 2019 capacity this winter season, according to data published on October 25 by OAG, a global travel data provider. Russian state-owned carrier Aeroflot started stripping spare parts from working aircraft due to supply shortages induced by sanctions, Reuters reported in August.

☆ Airbus gets dollar boost, explores higher wide-body output
▼ + stars: | 2022-10-28 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

PARIS, Oct 28 (Reuters) - Airbus (AIR.PA) received a billion-euro boost in projected cashflow from a strong dollar and said it was exploring higher production to meet resurgent demand for wide-body jets, as the European planemaker celebrated five decades of flight on Friday. Third-quarter revenue also benefited from the U.S. currency but operating earnings that include hedging rose by a slimmer-than-expected 26% to 836 million euros ($834.5 million) as the company battles a "degraded" global supply chain. Airbus raised its forecast for free cashflow in 2022 to 4.5 billion euros, from 3.5 billion, after generating almost twice the amount of expected cash in the third quarter. Analysts were on average expecting quarterly adjusted operating income of 887 million euros on revenues of 12.848 billion, according to a company-compiled consensus. Faury reaffirmed single-aisle production targets and said Airbus was assessing supply chain capacity for an increase in production of wide-body jets.

☆ Airbus 'turns page' on Brexit but presses UK on helicopters, space
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - The head of planemaker Airbus "turned the page" on the planemker's past opposition to Brexit and pledged to keep wings production in Britain, but said the European aerospace giant hoped to be "better understood" on helicopters and space. Register now for FREE unlimited access to Reuters.com RegisterA British government source said Truss had joined her business minister's introductory meeting with Airbus. Britain also plans to buy up to 44 medium helicopters to replace its fleet of Pumas and other military models, with Airbus' European rival Leonardo (LDOF.MI) seen as front-runner. Analysts say Leonardo dominates the UK military market where Airbus is touting a military version of its H175. Faury said Airbus had "turned the page" on its public opposition to Brexit during Britain's 2016 referendum, which had been inspired by the European scale needed to build planes.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about the reliability of the probes, and made dozens of safety recommendations from cockpit design to training and search-and-rescue. The relative roles of pilot or sensor error will be key to the trial, exposing differences that insiders say plunged Airbus and Air France into in-fighting behind the scenes for over a decade. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies face trial for "involuntary manslaughter" following an air crash. It's their reputations...that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about growing problems with external "pitot probes" that generate the speed readings. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies have gone on trial for "involuntary manslaughter" following an air crash. It's their reputations... that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz. Rigail expressed "the deepest compassion" after telling the court Air France would never forget its worst-ever accident.

☆ How the airline industry plans to wean itself off one billion tons of carbon emissions
▼ + stars: | 2022-09-24 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +9 min

But Taylor has nothing on the airline industry, whose annual CO2 emission is pushing one billion metric tons. Airlines have completed test flights with sustainable aviation fuels, and the deals with sustainable aviation fuel producers have started to accumulate. American is the first airline globally to receive validation from the Science Based Targets initiative for its intermediate GHG emissions reduction targets and the only U.S. airline to report using more than 1 million gallons of sustainable aviation fuel in 2021. From ethanol, Gevo then processes further into a product that is chemically identical to standard aviation fuel. Judged against the standards of its own industry, American remains a leader in carbon reduction efforts.

☆ Airbus says bigger A220 jetliner makes sense at right time
▼ + stars: | 2022-09-23 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, "but we don't want to be right too early", Chief Executive Guillaume Faury told investors. Airbus has seized a commanding lead in the main part of the single-aisle market, most recently through the larger A321neo which Asam said would have an increasing proportion of sales. However, the industry's biggest single-aisle variant, the delayed A321XLR, is not emerging as quickly as Airbus hoped. Improvements in the range of the largest single-aisle jets like the A321neo have eaten into the lower end of the market traditionally reserved for bigger wide-body jets, where Boeing has for decades widely been seen as the market leader.

☆ Airbus urges European leaders to refrain from Russian titanium sanctions
▼ + stars: | 2022-04-12 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. "Sanctions on Russian titanium would hardly harm Russia, because they only account for a small part of export revenues there. In March, Airbus said it "is directly sourcing titanium from Russia as well as from other countries" and indirectly acquiring Russian titanium via suppliers. On Tuesday, it reaffirmed this in answer to a Reuters query but declined to say when it had last received Russian titanium. Last month, Boeing said it had suspended buying Russian titanium.

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