Airbus and Boeing results show COVID19 pain is here to stay

Airbus and Boeing - two of world’s largest aircraft manufacturers declared their half yearly results over the last two days. On expected lines, both have declared losses. Boeing saw a drop of 26% in revenues in the first half of 2020 over the same period last year. The drop was 39% for Airbus. For Boeing, … Continue reading Airbus and Boeing results show COVID19 pain is here to stay

Airbus, Boeing announce Q1 losses, cut production rate

The two largest airplane makers in the world, Airbus and Boeing announced their Q1-CY20 results today. As anticipated both the manufacturers have declared losses as the world battled COVID-19 and air travel is one the most impacted industries worldwide. Airbus reported revenues of EUR 10.6 billion and a consolidated net loss of EUR 481 million … Continue reading Airbus, Boeing announce Q1 losses, cut production rate

Boeing terminates agreement to establish joint venture with Embraer

In a not so surprising move Boeing announced that it has terminated Master Transaction Agreement (MTA) with Embraer. The MTA was signed in 2018 under which the two companies sought to establish a new level of strategic partnership. This involved creating a joint venture comprising Embraer’s commercial aviation business and a second joint venture to … Continue reading Boeing terminates agreement to establish joint venture with Embraer