Latest news with #AirbusSE
Bloomberg
2 days ago
- Business
- Bloomberg
The World's Biggest Passenger Planes Keep Breaking Down
The world's largest commercial passenger jet, the Airbus SE A380, enjoyed an unexpected resurgence hauling full loads of passengers when global travel rebounded after the pandemic. But keeping the ageing superjumbo safely airborne is becoming an increasingly expensive headache for airlines. Two decades after its maiden flight, regulatory bulletins ordering repairs, inspections or replacement parts for the massive four-engined plane are piling up. While some are procedural, such as a demand for timely equipment checks, others are more serious.
Bloomberg
6 days ago
- Business
- Bloomberg
Wizz Air Cuts Back Ambitious Airbus Deliveries to Control Costs
After years of international expansion and audacious aircraft orders, Wizz Air Holdings Plc is scaling back its growth ambitions as the discount carrier faces persistent cost pressure. The Hungarian airline is looking to slow deliveries from Airbus SE, cut back its A321 XLR order book and downsize its Middle East operations, Chief Executive Officer Jozsef Varadi said on Thursday in an interview. The carrier didn't provide guidance for fiscal 2026 in its earnings report, and the stock dropped as much as 10% in early trading.
Mint
23-07-2025
- Business
- Mint
Dassault Reiterates Goal to Lead Franco-German Warplane Project
(Bloomberg) -- France's Dassault Aviation SA reiterated it wants to lead the Franco-German next-generation Future Combat Air System fighter jet, giving it sweeping oversight over the project that's caused friction with partner Airbus SE. Chief Executive Officer Eric Trappier said his company would like to pilot the program with the ability to choose subcontractors and drop any of those that don't perform. Trappier, speaking in a press conference in Paris on Tuesday, denied reports that Dassault was seeking an 80% share in the FCAS project. French President Emmanuel Macron and German Chancellor Friedrich Merz will seek to quell growing friction over the fighter jet program when they meet for high-profile consultations in Berlin on Wednesday. Dassault is jointly developing the FCAS warplane with Airbus SE and Spain's Indra Sistemas SA. Berlin has opposed attempts by Dassault to take a larger share of the project, and Germany's aviation lobby, BDLI, said it risks dooming the joint European fighter jet plan. In stark contrast, British defense company BAE Systems Plc is speeding ahead with the development of its next-generation Tempest fighter jet, with test aircraft on track to fly within three years. The program includes Italy's Leonardo SpA, Japanese partners, Rolls-Royce Holdings Plc and missile company MBDA. Also, Sweden's Saab AB program to build the Gripen D fighter jet is gaining momentum after struggling to win sales from other countries. Earlier this year, Trappier said he backed a leading role on FCAS, pointing to Dassault's experience when it pulled from a venture project in the 1980s and went solo to build the Rafale fighter jet. Russia's 2022 invasion of Ukraine has heightened Europe's focus on territorial security, while President Donald Trump has prodded NATO allies to boost military spending, even as he raises doubts about the US commitment to the region's defense. As European governments supersize defense budgets, some are considering alternatives to American-made weapons such as Lockheed Martin Corp.'s F-35. The US, China and Russia are also developing sixth-generation aircraft, which are likely to include enhanced stealth, sensor and autonomous capabilities as well as the improved ability to coordinate with other aircraft and drones. More stories like this are available on
Bloomberg
22-07-2025
- Business
- Bloomberg
Dassault Reiterates Goal to Lead Franco-German Warplane Project
France's Dassault Aviation SA reiterated it wants to lead the Franco-German next-generation Future Combat Air System fighter jet, giving it sweeping oversight over the project that's caused friction with partner Airbus SE. Chief Executive Officer Eric Trappier said his company would like to pilot the program with the ability to choose subcontractors and drop any of those that don't perform. Trappier, speaking in a press conference in Paris on Tuesday, denied reports that Dassault was seeking an 80% share in the FCAS project.
Bloomberg
16-07-2025
- Business
- Bloomberg
Europe's Arms Makers Get a Boost From Trump's NATO Demands
Early this year, when Donald Trump was threatening to turn his back on NATO unless its members dramatically increased their annual contributions to the military alliance ('If they don't pay, I'm not going to defend them'), his lieutenants traveled to Europe with an additional message from the president: Not only did Trump want each of the 32 NATO countries to bulk up their arsenals—he also expected them to buy American. It might have been one demand too many. Although member nations ultimately appeased Trump in June by agreeing to boost their annual military spending to 3.5% of gross domestic product by 2035—and tossed in an additional 1.5% a year for defense-adjacent projects such as cybersecurity and infrastructure—their confidence in America's commitment to the 76-year-old defense pact has been shaken. Rather than spend the money Trump squeezed out of them on a shopping spree for American guns and ammo, some European leaders instead see a chance to invest in weapons designed and manufactured at home, in hopes of one day luring customers from the US defense industry. Much like Airbus SE chipped away at Boeing Co.'s dominance in passenger jets and, improbable as it once seemed, eventually surpassed its larger US rival.
