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Airbus Group SE (EAD.PA)

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  • Cathay Pacific agrees to buy 32 Airbus planes at list price of $4.06 billion
    Reuterslast month

    Cathay Pacific agrees to buy 32 Airbus planes at list price of $4.06 billion

    Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group (AIR.PA) at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement to the Hong Kong stock exchange. The aggregate consideration for the Airbus aircraft, as a result of negotiations between the two parties, will be lower than the list price, it added.

  • Reuterslast month

    Cathay Pacific agrees to buy 32 Airbus planes at list price of $4.06 bln

    Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement to the Hong Kong stock exchange. The aggregate consideration for the Airbus aircraft, as a result of negotiations between the two parties, will be lower than the list price, it added.

  • Pratt & Whitney tells India will resolve engine issues by September: official
    Reuters2 months ago

    Pratt & Whitney tells India will resolve engine issues by September: official

    Pratt & Whitney has told the Indian government that it will by September resolve technical glitches that have affected its engines and hurt operations of two Indian airlines, an official at the country's aviation regulator said on Thursday. InterGlobe Aviation (INGL.NS), owner of India's IndiGo airlines, and GoAir airlines have been facing delays in receiving planes from Airbus (AIR.PA) due to ongoing problems with engines developed by Pratt & Whitney. The concern around grounding of planes affecting flight schedules of the airlines was raised on Thursday by India's aviation regulator in a meeting attended by executives from Pratt & Whitney, Airbus, Indigo and GoAir, an official at the Directorate General of Civil Aviation said.