Airbus

Drone Industry recorded a total $1.2 billion investment in 2019, a record high and year-on-year growth of 67 percent according to data from Finance In Bold (FinBold) The data shows that Venture Capital funding in the industry stood at…

Airbus (AIR.PA) on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered the “gravest crisis the aerospace industry has…

Airbus (AIR.PA) on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis. In its largest-ever production adjustment, the European manufacturer said it was reducing output of its…

Airbus is stopping production and assembly activities at its plants in France and Spain for the next four days as governments there implement new measures to restrict movements and fight the coronavirus outbreak, the planemaker said on…

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft. The firm said operating profits rose…

Shares of Malaysia’s AirAsia Group (AIRA.KL) and unit AirAsia X (AIRX.KL) fell on Monday, after allegations by Britain’s Serious Fraud Office that Airbus (AIR.PA) paid a bribe of $50 million to win plane orders from Asia’s largest budget…

European aerospace giant Airbus said on Tuesday it had reached an "agreement in principle" with the French, British and US authorities over corruption investigations. Airbus has been the subject of corruption probes in all three…

The United States won approval on Wednesday to impose tariffs on$7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.…

US planemaker Boeing on Friday said it had agreed deals worth an overall $9.3 billion to sell 50 jets to Nigeria’s Green Air and 30 to Saudi carrier flyadeal. The company lauded the Nigeria accord, which includes a further 50 options, as…

The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to correctly set the aircraft’s rotor controls after repairs, a defence official told Reuters on…