The winds of dwindling demand have buffeted the world’s second largest plane-maker. Low oil costs have persuaded airlines to stall upgrading their fleets to newer, more fuel-efficient models this year. The trend has adversely affected jet manufacturers, like Airbus and its century-old American rival Boeing. The French company set out with the expectation of reaching 650 orders by year-end. (Last year it sold more than 1,000.) By the time of the midyear Farnborough airshow—typically a sales extravaganza—Airbus had booked 380 orders, leaving a short runway to realize its goal. At the beginning of the year, the company opened Airbus Ventures in Silicon Valley, a $150 million venture capital arm that invests in technologies related to drones, satellites, security and big data.
News about Airbus Group
When the U.S. economy inevitably falls into recession, stocks in Brazil and Europe are set to take off.
Airbus has found an interesting way to meet its 2018 production goals.
The DoJ says Chinese spies worked with hackers and “co-opted company insiders” to acquire aviation technology.
The scandal-ridden South Korean flagship carrier is looking to streamline its fleet.
Fuel efficiency may be a factor.