Airbus Backs European Tariffs on Boeing If Talks With US Fail
Europe should impose reciprocal measures on Boeing Co. if negotiations fail to lift recent US tariffs hurting the aerospace industry, according to Airbus SE Chief Executive Officer Guillaume Faury.
'Europe is in negotiations, and if these negotiations do not lead to a positive outcome, I imagine that — and this is what we hope for — reciprocal tariffs on aircrafts will be imposed to force a higher level of negotiation and return to the 1979 agreement,' he told reporters at an event in Paris. 'This would be good for both the US and European industries.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
EU could impose Russian oil price cap without US support, Kallas says
The European Union can impose an additional price cap on Russian oil without U.S. support, EU High Representative Kaja Kallas said at the Brussels Forum on June 11. "If you think about the oil going through the channels, it's mostly Europe, it's via the Baltic Sea, it's via the Black Sea. So even if the Americans are not on board, we can still do it and have an impact," Kallas said. The EU's 17th package of sanctions against Russia came into effect on May 20. The bloc is already working on its next wave of sanctions. The 18th EU sanctions package will include additional restrictions on energy, banking, oil, and other areas, European Commission President Ursula von der Leyen announced on June 10. "What the intelligence tells is that, now the sanctions will (harder hit) the supply chains of Russia needed to really fund this war," Kallas said. "Of course, it is important the United States... is together with us, and we have been operating together for quite some time," she said. Kallas noted the Group of Seven (G7) oil price cap was previously agreed upon to be 5% below the market price. "It is important, of course, what we do together, but it is also equally important for us what we do alone, because we alone are also a player," Kallas said. Kallas noted the EU is still an ally to the U.S., but recognized the dynamic between the two powers is changing. "We still value the relationship... I think with the Americans we are not growing apart, but growing up in our relationships," Kallas said. The upcoming G7 summit will take place in Alberta, Canada. A wide range of topics, including Russia's war against Ukraine, are expected to be discussed at the annual event. President Volodymyr Zelensky previously confirmed he would be attending the G7 summit after receiving an invitation from Canadian Prime Minister Mark Carney. Read also: 'Ukrainians have been stripped of illusion of control' — Filmmaker Kateryna Gornostai on Russia's war, cinema and reclaiming the narrative We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Bloomberg
44 minutes ago
- Bloomberg
Airbus Sees Global Aircraft Fleet Doubling by 2044, Led by India
Airbus SE predicted the global commercial aircraft fleet will double in size to almost 50,000 planes over the next 20 years, spurred by rapid growth in markets like India, where a rising middle class increasingly takes to air travel. The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast that includes both its own planes and those of rivals like Boeing Co. Most of the growth will come from single-aisle aircraft like the Airbus A320 family or Boeing's 737, which form the backbone of many airlines' fleets, Airbus said.
Yahoo
an hour ago
- Yahoo
Airbus can hit delivery goal despite delays, jetmaking CEO says
By Tim Hepher PARIS (Reuters) -Airbus is "cautiously hopeful" that it can meet a 2025 target of 820 deliveries despite bottlenecks that have left nearly 40 completed airframes parked at its factories waiting for engines, the CEO of its core planemaking business said. While overall supply chains have "improved significantly," bottlenecks remain in the supply of CFM engines for single-aisles and cabin interiors for wide-body jets, with lavatories joining the list of delays, Christian Scherer said. "We haven't changed our (delivery) guidance. I caution you not to extrapolate too much from monthly numbers," Scherer told reporters, following a recent spate of monthly declines in deliveries compared to last year. "There is a gradual increase in output of engines that we get from CFM. The reason we have not changed our outlook for the year is because we believe that between now and the end of the year we will get the engines," he said. "So it is a gradual increase - a little behind the curve at the we are cautiously hopeful that it can be done". Co-owned by GE Aerospace and France's Safran, CFM supplies more than half of the engines used on the best-selling Airbus A320neo family, competing with alternative engines from Pratt & Whitney. CFM also exclusively supplies the Boeing 737 MAX with a different engine variant. "We have nearly 40 gliders parked across our system," Scherer said, using the planemaker's nickname for planes that are otherwise complete but unable to be delivered to airlines as they wait for their engines, which are sold separately. CFM could not immediately be reached for comment. Its top executives have said it has seen improvements in its own supply chain and it is poised to recover from a slow start to the year. On underlying jet production, a barometer for supply chains, Scherer said Airbus was on its way towards a goal of assembling 75 A320neo-family jets a month in 2027. Most analysts remain cautious about when the already delayed goal can be reached. "On single-aisle (A320neo-family) we are on track to do that (75 a month) and we are just cruising past 60 (a month). We are trending in the right direction into the 60s," Scherer said. Airbus rarely discusses detailed monthly production goals in public, having dropped an interim target of 65 a month in 2023. Reuters reported in January that Airbus was closing in on production of 60 jets a month, around pre-COVID levels. Scherer was speaking during briefings on Airbus market forecasts and products ahead of the Paris Airshow next week. Airline demand for jets remains "very strong," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
