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CEO Guillaume Faury told staff in a January review of 2023 that Defence and Space "performed strongly in many areas, but faced a major setback in the Space business which tarnished the overall performance", according to extracts seen by Reuters. Some major satellite developments have recorded unexpected charges, Faury said, adding: "Put simply, mishaps of this magnitude and suddenness are just not acceptable at Airbus". ....
Air travel remains in crisis despite accelerating vaccine rollouts in developed countries. With video calls having replaced in-person meetings, it remains to be seen to what extent business travel will recover. ....