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Cautious Airbus forecast disappoints after 2020 loss

4 Min Read PARIS (Reuters) - European planemaker Airbus axed its dividend for a second year and forecast flat deliveries in 2021 as it braces for more coronavirus uncertainty in the wake of an annual loss. The company’s decision to restore key business targets is the latest evidence of a tentative return towards normal after the pandemic, which has severely hurt air travel. Rival Boeing has yet to set out detailed targets, having been mired in a separate crisis over the grounding of its 737 M...
France General Sudip Kar Gupta Guillaume Faury Sandy Morris Emelia Sihtole Matarise Gerry Doyle

Airbus axes dividend for second year, forecast disappoints after 2020 loss

European planemaker Airbus axed its dividend for a second year and forecast flat deliveries in 2021 as it braces for more coronavirus uncertainty in the wake of an annual loss. The companys decision to restore key business targets is the latest evidence of a tentative return towards normal after the pandemic, which has severely hurt air travel. Rival Boeing has yet to set out detailed targets, having been mired in a separate crisis over the grounding of its 737 MAX, which helped Airbus to re...
Emelia Sithole Matarise David Goodman Guillaume Faury Sandy Morris Tim Hepher Executive Guillaume Faury

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Brazil drops aero spat with Canada, seeks global subsidy pact

Publishing date: Feb 18, 2021  •  February 18, 2021  •  3 minute read  •  Article content Brazil on Thursday ditched a trade complaint against Canada over aircraft subsidies and called for wider negotiations between all aircraft producing nations to halt a slide toward aircraft trade wars, sidestepping the World Trade Organization. The abrupt move by Brazil, home to the world’s third largest planemaker Embraer, comes as larger rivals Airbus and Boeing remain locked in a 16-year-...
United States Andrea Shalal Joe Biden Emelia Sithole Matarise Guillaume Faury William Reinsch

UPDATE 2-Brazil drops aero spat with Canada, seeks global subsidy pact

2/18/2021 By Marcelo Rochabrun, Tim Hepher and Andrea Shalal Feb 18 (Reuters) - Brazil on Thursday ditched a trade complaint against Canada over aircraft subsidies and called for wider negotiations between all aircraft producing nations to halt a slide toward aircraft trade wars, sidestepping the World Trade Organization. The abrupt move by Brazil, home to the worlds third largest planemaker Embraer, comes as larger rivals Airbus and Boeing remain locked in a 16-year-old fight at the WTO that ...
United States Andrea Shalal Joe Biden Emelia Sithole Matarise Guillaume Faury William Reinsch

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