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France's aerospace industry has written to the European Commission calling for "proportionate and assertive" countermeasures if U.S. tariffs cause significant damage to the key export sector, a person familiar with the matter said.
EADSY receives an order from BOC Aviation to deliver 70 of its A320neo commercial aircraft.
At press time on April 2, Boeing stock (NYSE: BA) was trading at $167.01, after a 6.58% drop on the 1-week chart. President Trump's latest round of tariffs, to be announced later today, could severely impact the aviation giant's long and complex supply chain.
President Donald Trump has already imposed new 25% tariffs on steel and aluminum, impacting some of the thousands of components which make an aircraft. But, unlike 5 years ago, European planemakers themselves are not expected to be on the new list of tariffs announced on April 2.
Airbus delivered about 70 planes in March, industry sources said on Tuesday, up sharply from 40 in the previous month and up about 11% from March last year.
Disruptions to the supply chain that are delaying aircraft deliveries are lessening and Airbus is getting much better at managing it, a senior company executive said on Monday.
Singapore-based BOC Aviation said on Monday it has entered into an agreement with Boeing to purchase 50 Boeing 737-8 aircraft for an undisclosed sum.
The British arm of Airbus has won a 150 million pound ($194 million) contract from the European Space Agency to build the landing platform for the first British-made rover set to touch down on Mars in 2030.
European aerospace companies Airbus , Thales and Leonardo have started preliminary talks with European Union antitrust regulators over a possible merger of their satellite businesses, a source familiar with the matter said on Friday.
The Boeing Company and Airbus SE are both recovering, with Boeing showing stronger delivery performance due to pre-built inventory, while Airbus faces engine supply issues. Airbus leads in net orders, particularly in wide-body aircraft, but Boeing excels in deliveries, particularly wide-body jets, driving higher delivery value. Combined, Boeing and Airbus delivered 154 airplanes worth over $10 billion, with Boeing accounting for 62% of the delivery value.