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Cautious Airbus forecast disappoints after 2020 loss - Netscape Money & Business

Cautious Airbus forecast disappoints after 2020 loss - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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 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 MAX, which helped Airbus to reclaim the title of largest global jetmaker. However, several analysts warned that the deliberately cautious delivery forecast from Airbus jarred with the company s more optimistic plans on production. These call for a partial recovery later this year, albeit more slowly than first planned.

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-old fight at the WTO that led to tit-for-tat transatlantic tariffs. We apologize, but this video has failed to load. Try refreshing your browser, or Brazil drops aero spat with Canada, seeks global subsidy pact Back to video

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 world s third largest planemaker Embraer, comes as larger rivals Airbus and Boeing remain locked in a 16-year-old fight at the WTO that led to tit-for-tat transatlantic tariffs. While the two giants dominate the market for large passenger jets, Brazil has for years fought its own battles over the

Airbus : Cautious Airbus forecast disappoints after 2020 loss

Airbus : Cautious Airbus forecast disappoints after 2020 loss
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