Airbus

Airbus will cut 2362 jobs in its defense and space division by the end of 2021 due to stagnation of the space market and delay of several defense contracts. This was announced by the European aircraft maker today.

It is the end of an era for Bombardier as the Canadian aerospace company announced on Feb. 13 it is getting out of the commercial aviation business in a bid to pay down billions of dollars in debt.

The company lost $1.61 billion in 2019 and finds itself with total debt of $10 billion.

The United States imposed tariffs on a record $7.5 billion worth of European Union goods on Oct. 18, despite threats of retaliation, with Airbus, French wine and Scottish whiskeys among the high-profile targets.

As of today, the United States is introducing duties on a number of European Union goods - from 10% to 25%, affecting goods and services totaling $ 7.5 billion.

Washington has received the green light for action after the World Trade Organization approved penalties against European countries that violated trade rules in subsidizing airline giant Airbus.

European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a US tariff hike due on Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with.

Swiss International Air Lines stopped the flights of 29 Airbus A220 aircraft due to engine problems. This was reported by NOVA.

The reason for the decision was the incident on Tuesday of a flight by the company from London to Geneva, which was redirected to Paris due to technical problems.

The European aerospace giant Airbus has fallen victim to a series of hacker attacks that have hit suppliers of the company, including engine manufacturer Rolls Royce.

The hackers have been looking for the company's technical secrets, according to a source from the security services at the agency.

Just days after the agreement for peace in the US-China trade war, US officials increased the pressure on Europe in the long-term dispute over Airbus aircraft subsidies, threatening to impose high tariffs on imports of additional EU goods worth 4 billion dollars, reports Econ.bg

Greece's largest carrier Aegean Airlines raised 200 million euros ($224.20 million) from a bond offering that ended on Thursday and was oversubscribed, underwriters said.

Greece's largest carrier Aegean Airlines will proceed with a sale of bonds on March 5-7 to raise up to 200 million euros ($226.86 million) for down payments on new Airbus aircraft and the construction of a new pilot training centre.