Business

Fines cause turbulence for Airbus results

Airbus on Thursday reported a net loss of 1.36 billion euros for 2019, weighed down by massive fines to settle bribery scandals and extra costs for the A400M military transport aircraft.

Business

Airbus cuts delivery forecast, profits in holding pattern

Airbus cut Wednesday its forecast for the number of planes it will deliver this year as it finds it difficult to meet ambitious targets to speed up production, while profits held steady in the third quarter.

Business

Airbus ups estimate of 20-year demand for new planes

Airbus on Wednesday increased its estimate of the number of new aircraft needed over the coming two decades as airlines seek more fuel-efficient planes even as it trimmed its forecast for the increase in demand for air travel.

Business

Airbus profits soar as rival Boeing stumbles

European planemaker Airbus on Wednesday posted robust half-year profits on strong demand from airlines for more fuel-efficient jets, in stark contrast to its US archrival Boeing, suffering from the grounding of a flagship ...

Engineering

NASA's first-of-kind tests look to manage drones in cities

NASA has launched the final stage of a four-year effort to develop a national traffic management system for drones, testing them in cities for the first time beyond the operator's line of sight as businesses look in the future ...

Energy & Green Tech

British startup looking to build 18-seat bioelectric hybrid airplane

British startup Faradair Aerospace has unveiled plans to build and sell an 18-seat bioelectric hybrid airplane for use as both a passenger and cargo air transport. The company is calling its plane the Bio Electric Hybrid ...

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