Rolls-Royce suspends Airbus engine production for one year
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Rolls-Royce says it has suspended production of its Trent 900 jet engines for 12 months owing to fresh delays to the Airbus A380 superjumbo.
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Airbus parent EADS  on Monday  postponed a major restructuring announcement planned for  Tuesday, saying its European political backers could not agree  on how to share out construction of its future A350 aircraft.
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Rolls-Royce, the maker of plane engines, said Tuesday that it has won an engine order from Oman Air worth 460 million dollars (311 million euros) at list prices.
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Airbus parent EADS said Tuesday that the flagship A380 superjumbo jet will be delayed for another year and Virgin Atlantic and Emirates &#151; the plane's biggest customer &#151; hinted that the new setbacks could lead to order cancelations.
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HONG KONG (Dow Jones)--Airbus (ABI.YY) said Monday it plans to set up an engineering center in China next year. The center, which is expected to employ 200 people by end-2008, will work on a range
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Rolls-Royce PLC, the world's second-largest aircraft engine maker, said Monday that it won orders worth a total of $6.32 billion, including a record $5.6 billion contract to supply engines to Qatar Airways.
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France-based planemaker Airbus said on   Friday it had sold 22 aircraft in August, bringing its year   total to 222, well behind rival Boeing Co. BA.N which has   booked 548.
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European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.
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European aerospace group EADS admitted that its Airbus A380 superjumbo was set for further delays, and a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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New delays expected for the A380 superjumbo airliner are a blow to Airbus after a production crisis three months ago but are unlikely to cause customers to cancel orders.
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Airbus plunged into its first-ever operating loss in 2006 and will be in the red again this year, parent company EADS said Friday in another sign of deepening crisis at the European plane maker.
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TOULOUSE, France  - Airbus confirmed 2007 as a record year for planemakers on Wednesday by posting orders for 1,341 aircraft while boosting cost savings aimed at catching archrival Boeing Co.
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European aircraft maker Airbus announced 1,600 UK job cuts over four years in a crisis statement on Wednesday.
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Airbus revealed new delays for its   troubled A380 superjumbo on Thursday, blaming a repeat of   wiring installation problems which have already pushed the jet   programme a year behind schedule and sliced into future   profits.
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PARIS -- Lufthansa and Emirates said Tuesday that their orders for A380 superjumbos will be delayed by up to a further year, and Airbus parent EADS was expected to reveal the full extent of production problems holding back its flagship jet program.
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Trading in shares of Chiron Corporation was halted today after United Kingdom regulators suspended its manufacturing license for a flu vaccine.
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Airbus has withdrawn a filing that gave support for Microsoft in an antitrust case before the European Union&#39;s Court of First Instance, a source close to the situation said on Friday.