Airbus shares are rising sharply, up nearly 5 percent in early trading, after an update on profit targets and a share buyback program from the European aircraft manufacturer.
BusinessAir China says it will buy 55 aircraft from Airbus, with list prices totaling $12.4 billion (about SEK 120 billion).
BusinessSAS CEO Anko van der Werff will step down in early 2027 to become CEO of Canadian airline Air Canada, SAS said in a press release. The company says the search for a successor has begun.
BusinessThe airline SAS is investing almost 100 billion kronor in 39 Airbus aircraft. In addition, there is a major investment in Copenhagen Airport, which the company says will create 4,000 new jobs in southern Sweden by 2030.
BusinessA project to develop a new joint European fighter aircraft is being shut down.
BusinessAirbus' deliveries of the A321XLR are being slowed by supply chain disruptions caused by the Middle East war, Bloomberg reports, citing sources. Indian airline Indigo – part of Interglobe Aviation – looks set to miss out on nine of the aircraft it had been promised this year.
BusinessAir France and Airbus were convicted of causing deaths in connection with the 2009 plane crash.
WorldNATO chief Mark Rutte will demand more investment and increased production when he meets representatives of Saab and other leading European defense groups in Brussels next week.
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