China’s attempt to challenge Boeing and Airbus has faltered. Development of China’s C919 single-aisle plane, already at least five years behind schedule, is going slower than expected.
At Airbus’ pre-pandemic list prices, the order would exceed $15 billion, although major deals typically see manufacturers offer significant discounts to buyers. The company did not provide any details on the sale price.
The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had soured relations between them.
United Airlines and two other major US carriers said on Friday they will quickly repair more than 60 Boeing 737 MAX planes grounded early last month over an electrical problem that could have interfered with critical systems.
Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max.
Airbus is asking key suppliers to get ready for a further 18% increase in A320-family jet output by the end of 2022, on top of existing targets for this year, as airlines eye a partial return to normal travel, industry sources said.
Airbus flew back into profit in the first three months of the current year as cost-cutting and restructuring measures began to pay off, but it warned that the crisis caused by the coronavirus pandemic was not yet over.
DAE, a long-term Boeing partner, has 162 Boeing aircraft in its fleet. The 737 MAX 8 is a member of the 737 MAX family designed to offer more fuel efficiency, reliability, and flexibility in the single-aisle airplane market.
US airlines temporarily suspended the use of more than 65 Boeing 737 MAX jets on Friday after the planemaker asked 16 carriers that operate the aircraft to address an electrical power system issue.