You may no longer see the ‘No Smoking’ sign in airplanes in the near future. But hold on, it doesn’t mean that you can light up your cigarette. It only means that ‘We now take you for granted that with the decade old blanket ban on in-flight smoking on short-haul flights, you won’t light up’. [...]
Boeing, the American aircraft maker, marred into controversy and facing turmoil for years staged an impressive come back by selling a record number of aircraft last year. Boeing managed to win 1,044 commercial aircraft orders worth a whopping $124 billion to beat its core European rival Airbus. For Airbus last year proved to be disastrous [...]
Boeing, the American aircraft maker, marred into controversy and facing turmoil for years staged an impressive come back by selling a record number of aircraft last year. Boeing managed to win 1,044 commercial aircraft orders worth a whopping $124 billion to beat its core European rival Airbus. For Airbus last year proved to be disastrous [...]
In a shocking announcement, Airbus has said that it has postponed a major announcement on job cuts. The company has said European nations could not agree on how to share the work on the plane maker’s next aircraft, the wide-body A350. This surprising statement came soon after an intense board meeting at the parent company, [...]
United Parcel Service Inc., the world’s largest package-delivery company, and planemaker Airbus SAS agreed that either company can cancel an order this year for 10 A380 freighters after repeated production delays. The company has stated that it renegotiated a contract with Airbus to delay and possibly cancel an order for 10 freighter versions of the [...]
Defence firm European Aeronautic Defence & Space Co. has finally approved a long and eagerly awaited restructuring plan for its Airbus subsidiary, which will be resulted in thousands of job cuts. On the other hand, investors hope to find out by tomorrow whether political pressure has blunted an effort to restructure plane giant Airbus. The [...]
Airbus, stained in trouble, is preparing to announce up to 10,000 job cuts at key operating sites across Europe. Workers in France and Germany are likely to be affected most with this prospective job cuts, in addition to it around 1,500 job losses are expected at Airbus plants in Britain and 500 in Spain. However, [...]
Louis Gallois, chief executive of Airbus and co-chief executive of the parent company EADS, has lashed out on European governments for squabbling over the spoils at the struggling aircraft maker without having respect to its long-term fate. Airbus seems to be caught in an unending series ff difficulties and setbacks. The company has everything on [...]
In an interesting twist in the story, the French government, motivated by presidential candidates into responding to huge job cuts at Airbus, said that it was ready to pump cash into the ailing plane maker and shake up a Franco-German power-sharing pact. French Prime Minister Dominique de Villepin has also asked the Airbus parent firm [...]
European Aeronautic Defence & Space Co. has reported that it dived to a net loss in the last quarter of 2006 following costly delays in Airbus’s A380 airplane program and a weaker dollar. Losses at plane maker Airbus reduced operating profit at Franco-German parent EADS drastically by 86 percent to 399 million euros (271 million [...]
