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.

Rolls-Royce says to briefly shut UK engine factories

British aircraft engine manufacturer Rolls-Royce said Monday that it will temporarily shut its jet engine factories for a fortnight this summer to combat a coronavirus-fuelled slump in demand.

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