aircraft deferral

Airbus does not appear poised to retreat from an escalating dispute with the airlines over outstanding aircraft orders, as the European aircraft manufacturer announced this week that taking legal action will be the last resort if the airlines do not compromise. Guillaume Faury, the chief executive officer of European aerospace corporation Airbus, warned that failure […]

After launching a review of operations in January, Air New Zealand has announced that it will be reducing its growth targets and deferring delivery of future aircraft. The decision comes after the carrier reduced its pre-tax earnings guidance from between NZ$425 million ($288 million USD) and NZ$525 million ($356 million USD) to between NZ$340 million […]