Airbus reports First Quarter (Q1) 2020 results Market environment strongly impacted by COVID-19 situation, particularly in commercial aircraft ● Q1 2020 financials partially impacted by COVID-19 ● Revenues € 10.6 billion; EBIT Adjusted € 281 million ● EBIT (reported) € 79 million; loss per share (reported) € -0.61 ● Free cash flow before M&A and customer financing € -8.0 billion / € -4.4 billion before payment of € -3.6 billion penalties ● Strong focus on matching … [Read more...] about Airbus reports first quarter (Q1) 2020 results
Airbus
CEVA Logistics partners with Airbus in Hamburg
In a further strengthening of its international aerospace business, CEVA Logistics is pleased to announce it has been awarded a five year contract to manage spare parts and components for Airbus at the aircraft manufacturer's site in Hamburg, Germany. Effective February 2020, CEVA will become responsible for consolidating spare parts and components at the site from other locations across Europe, including Germany, France, Spain and the UK. Improvement Projects At the 21,000 sq metre … [Read more...] about CEVA Logistics partners with Airbus in Hamburg
Royal Thai Air Force joins H135 military training operators
Airbus Helicopters has signed an order for six H135 military training helicopters from the Royal Thai Air Force, as part of its pilot training enhancement programme. The very first military training helicopters ever ordered by the Royal Thai Air Force, these new twin-engine H135s will be utilised for an array of training missions, including ab-initio flight training. They will complement the Royal Thai Air Force’s existing H225M fleet, bringing its Airbus fleet to 18 … [Read more...] about Royal Thai Air Force joins H135 military training operators
Airbus and CAAS collaborate to enable urban air mobility
Airbus and the Civil Aviation Authority of Singapore (CAAS) have signed a Memorandum of Understanding (MOU) to enable urban air mobility (UAM) in Singapore. The MOU was signed at the Singapore Airshow 2020 between Jean-Brice Dumont, Executive Vice-President, Engineering, Airbus and Kevin Shum, Director-General of CAAS. The collaboration aims to bring UAM services and platforms to reality in Singapore’s urban environment, with the target to enhance industry productivity … [Read more...] about Airbus and CAAS collaborate to enable urban air mobility
Airbus reveals MAVERIC
Airbus has revealed MAVERIC (Model Aircraft for Validation and Experimentation of Robust Innovative Controls) its “blended wing body” scale model technological demonstrator. At 2 metres long and 3.2 metres wide, with a surface area of about 2.25m², MAVERIC features a disruptive aircraft design, that has the potential to reduce fuel consumption by up-to 20 percent compared to current single-aisle aircraft. The “blended wing body” configuration also opens up new possibilities for … [Read more...] about Airbus reveals MAVERIC
Vistara partners with Airbus
Vistara, India’s full-service carrier and a joint venture of Tata Sons and Singapore Airlines, has signed a contract to partner with Airbus for their Flight Hour Services - Tailored Services Package (FHS-TSP). The contract will cover engineering and maintenance for 62 aircraft, including 23 existing ones. The FHS-TSP contract provides integrated and guaranteed services ranging from the supply and repair of components to the manufacturer’s unique Fleet Technical Management service. … [Read more...] about Vistara partners with Airbus