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LONDON: Airbus SE is considering a cut in A330neo jet production after the wide-body’s biggest customer said a coronavirus-driven slump in travel had forced it to defer deliveries, according to people familiar with the matter.
PARIS: Air France-KLM said China’s coronavirus outbreak will wipe as much as €200mil (US$216mil) from earnings, hammering home the financial impact of the crisis even thousands of miles from its epicentre.
SINGAPORE: More than 25,000 flights to, from and within China will be cancelled this week as more than two dozen airlines suspend services to the country because of the coronavirus outbreak, leading to an unprecedented shakeup in the world’s second-largest aviation market.
FRANKFURT: Deutsche Lufthansa AG is considering the sale of stock in its jet-aircraft maintenance business to fund the unit’s expansion and help boost the airline group’s market value, according to people familiar with the matter.
Airbus, Boeing are counting on a wave of demand for replacement planes early next decade
FRANKFURT, Gernamany (Bloomberg): Deutsche Lufthansa AG's Swiss airline grounded its fleet of Airbus SE A220 jets after a "serious" engine problem forced a London-Geneva flight to land in Paris.
FRANKFURT: Germany Inc’s outlook for the rest of the year is filled with gloom, suggesting a recession could be in the cards.
FRANKFURT: Deutsche Lufthansa AG said threats to its financial outlook are mounting after a fare war and stuttering global economy dented second quarter-earnings, adding to the gloom surrounding Europe’s airline industry.
(Reuters) - British Airways, part of International Airlines Group