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BUSINESS
June 21, 2007 | From the Associated Press
Airbus racked up more orders for its A350 XWB aircraft on Wednesday, a day after U.S. rival Boeing Co. snagged the troubled jet's original launch customer for its own 787 Dreamliner. In announcements at the weeklong Paris Air Show, Airbus said it had landed orders for 166 aircraft Wednesday, bringing its haul for the first three days of the event to 548, worth $75.7 billion.
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BUSINESS
June 19, 2007 | From the Associated Press
Airbus stole the spotlight from U.S. rival Boeing Co. during the opening of the Paris Air Show on Monday, announcing airliner deals worth about $43 billion. Boeing, in contrast, tallied up orders worth $4.4 billion. Some, but not all, of the Airbus orders were new, including Qatar Airlines' purchase of 80 of Airbus' A350s, worth more than $18 billion.
BUSINESS
March 3, 2007 | From the Associated Press
Airbus was left with an empty order book for the cargo version of its much-delayed super-jumbo jet after United Parcel Service Inc. said Friday that it would cancel its 10-plane order. The move comes just a week after UPS and Airbus reached a revised agreement that gave either party the right to terminate the order. UPS said it decided to cancel after it learned that Airbus was diverting employees from the freighter program to work on its passenger plane program.
BUSINESS
March 2, 2007 | From the Associated Press
Financially troubled European airplane manufacturer Airbus has stopped work on the freight version of its new A380 super-jumbo so that it can focus more on the troubled passenger version of the aircraft, its parent company said Thursday. "The work on the freight version of the A380 has just been temporarily cut off ... so that all capacities can be directed at the A380 passenger version," said Michael Hauger, spokesman for European Aeronautic Defense & Space Co.
BUSINESS
March 1, 2007 | From Reuters
Troubled plane maker Airbus confirmed 10,000 job cuts and announced plans to sell all or part of six factories Wednesday as workers protested and European politicians hailed a hard-fought compromise. Airbus Chief Executive Louis Gallois gave a stark vision of a Franco-German company needing to find billions of euros in savings and end nationalist infighting that he deemed "poison."
BUSINESS
February 27, 2007 | From the Associated Press
The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany. The European Aeronautic Defense & Space Co. said details would be released Wednesday after they were passed through company ranks. The plan will allow the civil airliner division of Airbus to "face the challenge of the U.S.
BUSINESS
February 24, 2007 | From Bloomberg News
United Parcel Service Inc. and plane maker Airbus have agreed that either company can cancel an order this year for 10 A380 freighters after repeated production delays. UPS will decide whether to retain the $2.8-billion order after getting new delivery dates from Airbus, a UPS spokesman said Friday. The companies declined to provide details of the accord.
BUSINESS
February 15, 2007 | Jennifer Oldham, Times Staff Writer
Los Angeles officials lashed out Wednesday at Airbus, saying the European airplane maker reneged on a promise to bring its new A380 jetliner to Los Angeles International Airport on its first U.S. test flight. Airport officials called on Airbus to reconsider a recent decision to have the A380 -- the world's largest passenger jet -- touch down in New York next month on its first U.S. visit.
BUSINESS
January 19, 2007 | From Bloomberg News
Aircraft manufacturer Airbus may get assistance from European governments to help fund $15.4 billion in development costs for its A350 model, French Transport Minister Dominique Perben said. France and the other countries where Airbus has its main operations will keep an earlier commitment to help the company if it makes the request, though the aid may not be direct loans as in the past, Perben said.
BUSINESS
January 5, 2007 | Peter Pae, Times Staff Writer
Boeing Co. may finally have won back some bragging rights. The world's second-largest commercial aircraft maker said Thursday that it booked 1,044 orders for its airplanes last year, setting a company record that is likely to help Boeing beat its European archrival Airbus for the first time since 2000. Airbus, which plans to release its year-end results Jan.
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