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Aircalin's first A330neo during a delivery ceremony in Toulouse (Photo: Airbus)

Airbus Threatens to Sue Airlines Following Calls to Defer Deliveries

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 to comply with order specifications or violation of contract terms regarding aircraft orders might result in a lawsuit against airlines struggling to protect their businesses…

Air New Zealand to Cut Growth, Defers Aircraft Orders

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…