Airbus SE

Airbus SE is a holding and management company, which engages in the design, manufacture, and marketing of aerospace products, services, and solutions. It operates through the following segments: Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment offers jet aircraft, aircraft conversion and related services, turboprop aircraft, and aircraft components. The Airbus Helicopters segment is composed of civil and military helicopters and related services. The Airbus Defense and Space segment includes military aircraft, which supports combat, mission, transport and tanker aircraft, and associated services; space systems, which provides a range of civil and defense space systems for telecommunications, earth observations, navigation, science, and orbital systems; and connected intelligence, which refers to services around data processing from platforms, secure communication, and cyber security. The company was founded on December 29, 1998 and is headquartered in Blagnac, France.

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Airbus SE is a holding and management company, which engages in the design, manufacture, and marketing of aerospace products, services, and solutions. It operates through the following segments: Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment involves the development, manufacture, marketing, and sale of commercial jet passenger aircraft, regional turboprop, and components, conversion and related services. The Airbus Helicopters segment includes the provision of civil and military helicopters and related services. The Airbus Defense and Space segment focuses on connected intelligence, military air, and space systems. The company was founded on December 29, 1998 and is headquartered in Blagnac, France.

Airbus has placed more than 6,000 workers in the United Kingdom and France on government-funded furlough programs just days after reportedly warning employees that it was burning cash at a rate that could threaten the company's survival.

Airbus is furloughing 6,000 staff in Europe and 'bleeding cash'

Airbus  will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at stake.

Airbus to furlough 3,200 staff at Broughton factory in Wales

State-owned Thai Airways International Pcl  will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus  dropped out due to the coronavirus outbreak, a senior official said on Monday.

Thai Airways to press ahead with maintenance facility after Airbus withdraws

The plane maker is worried that demand will take years to return.

Airbus CEO Warns Drastic Cuts Are Needed

In its recent update of the impact of COVID-19 on performance, Airbus (EPA: AIR) warned its employees that they should brace for deeper layoffs in the upcoming months. The world’s largest airplane manufacturer currently employs 135,000 people.

Airbus warns employees of deeper layoffs as Coronavirus threatens its survival

European planemaker Airbus  issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.

Airbus warns staff on jobs with its 'survival at stake'

Airbus  Chief Executive Guillaume Faury has told the European planemaker's 135,000 staff to brace for potentially deeper job cuts after warning its survival is at stake without immediate action to save cash amid the coronavirus crisis.

Airbus survival at stake without immediate action: CEO memo

Boeing

A plunge in fuel prices will only hurt demand for new planes, analysts say.

The plunge in oil prices is the last thing Boeing and Airbus need right now

Airbus  has put six jets made for one of its largest customers up for sale after giving up on Malaysia's AirAsia  taking delivery of them, sources familiar with the matter told Reuters.

Exclusive: Airbus puts six jets made for AirAsia up for sale as crisis deepens

Airbus  will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the planemaker said on Friday, in its latest effort to cope with the coronavirus crisis.

Airbus furloughs 3,000 French aerospace workers

Airbus  will implement a mandatory part-time working scheme for some 3,000 employees in France from April 20 to May 17, unions said on Friday.

Airbus puts some French aero workers on part-time working

Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.

Airbus chief calls for government support for shift to lower-emission planes: Der Spiegel

Due to health and safety travel restrictions during the coronavirus pandemic, Airbus encouraged stockholders to vote by proxy rather than attend the Annual General Meeting (AGM) in Amsterdam.

Airbus’ AGM Enjoys High Stockholder Engagement, Despite Coronavirus Travel Restrictions

European planemaker Airbus  is examining multiple customer requests to defer deliveries after travel demand collapsed because of the coronavirus epidemic, it said on Thursday.

Airbus evaluates requests for delays to jet deliveries

Airbus  said on Thursday it had received multiple requests from customers to defer deliveries after travel demand collapsed due to the coronavirus epidemic.

Airbus says has received many requests to defer deliveries

Airbus SE  is delaying its planned Canadian production ramp-up of its A220 jet by a year, a company spokeswoman said on Wednesday, as the coronavirus outbreak weighs on broader airline demand for aircraft.

Airbus puts off planned ramp-up of A220 jet

Trade group puts out new estimates for losses due to COVID-19 pandemic.

Passenger Airlines Could See Revenue Losses of $314 Billion in 2020

Delta Air Lines

Delta Air Lines  has taken over an order worth roughly $3 billion at list prices for 10 Airbus  A350 jetliners from Latam Airlines Group ), two industry sources said.

Delta absorbs order for 10 Airbus A350 jets cancelled by Latam: sources

Spirit AeroSystems Hlds

The halt in production at many of Boeing and Airbus' manufacturing units has raised an alarm for companies like Spirit AeroSystems, Hexcel and Woodward.

Coronavirus Hits Boeing-Airbus Jet Production: 3 Stocks to Lose

Airbus  has shelved plans to add a French assembly line for its A321neo just 10 weeks after the expansion was launched, as the coronavirus fallout spreads to its best-selling jetliner.

Crisis blocks Airbus plan for new A321 jet plant in France

Airbus (EPA:AIR) cited the rising uncertainty ascribed to the Coronavirus pandemic for slashing production of its most-popular A320 jetliner earlier this week. On Friday, the world’s largest airplane manufacturer also deferred plans of establishing a new assembly line dedicated to its A321 airliner in Toulouse, France, as it continues to combat the economic blow from the health crisis.

Airbus delays plans of creating an assembly line for A321 in France

Airbus  has shelved plans to create a new assembly line in Toulouse, France, for its A321 airliner as the company wrestles with the coronavirus crisis.

Airbus shelves plan to add new A321 assembly line

Airbus's  decision to cut output of its best-selling jet by a third amid coronavirus marks a huge shift for the European planemaker, which has enjoyed virtually unbroken growth since it began competing toe-to-toe with Boeing  almost 20 years ago.

Airbus's landmark jet output cut faces crucial test

The cuts will last long after the pandemic is behind us.

Airbus Cuts Production as COVID-19 Impairs Customer Base

Airbus production cuts announced on Wednesday in response to the coronavirus crisis are likely to be in place for "some months" and then reviewed as the market outlook becomes clearer, Chief Executive Guillaume Faury said on Wednesday.

News for Airbus SE Stock (EADSY)