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

© Reuters. FILE PHOTO: Airbus CEO Guillaume Faury By Tim Hepher PARIS (Reuters) – The head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis. Washington progressively imposed import duties of […]

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Airbus executive says aviation outlook worse than expected

© Reuters. FILE PHOTO: Airbus logo at the Airbus Defence and Space facility in Elancourt BERLIN (Reuters) – The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer Michael Schoellhorn was quoted as saying on Saturday. With air travel at a fraction of […]

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U.S. leaves tariffs on Airbus aircraft unchanged at 15%

© Reuters. A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse By Andrea Shalal and David Shepardson WASHINGTON (Reuters) – The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus (PA:) aircraft and 25% tariffs on other European goods, despite moves by the European Union […]

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Airbus fine-tunes job cuts as CEO confirms 40% output drop

2/2 © Reuters. FILE PHOTO: Airbus’s annual press conference on Full-Year 2019 results in Blagnac 2/2 By Tim Hepher and Johanna Decorse PARIS/TOULOUSE (Reuters) – Airbus (PA:) was finalising an imminent restructuring plan expected to include thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for […]

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