Airbus Execs Accused of Insider Trading

Airbus faces series of setbacks at Paris Air Show

(NEWSER) - The world’s biggest air show begins today, but Airbus won't be showing off the gem of its fleet—the superjumbo A380 has been grounded after it collided with a taxiway building, damaging its wingtip. It’s just one of several Paris Air Show embarrassments for the Boeing rival, the AP reports: Airbus also canceled the demo of its A400M military transport plane due to a gearbox issue, and the company on Saturday announced that two versions of its A350 jet would be delayed two years. More»

That would be $4.2B this month alone

(NEWSER) - The fact that a faulty Rolls-Royce engine caused a fire and the subsequent grounding of Airbus A380s around the world seems not to have affected the company's business: It just won a $1.2 billion contract to provide engines and maintenance for Dubai's Emirates Airlines. In fact, it's gotten $4.2 billion in orders this month, thanks to other deals in China. Rolls-Royce now holds 56% of the Chinese market for large civilian aircraft engines. More»

Airbus to seek compensation from Rolls-Royce

(NEWSER) - The chief of Qantas Airways has chilled the hearts of nervous fliers—and Rolls-Royce shareholders—by saying up to half of the world's fleet of Airbus A380 jumbos using Rolls-Royce engines need to have their engines replaced. The CEO says the engines need to be replaced because of a faulty component that caused an engine in a Qantas jet to catch fire and disintegrate earlier this month, Bloomberg reports. More»

Fleet will remain grounded for at least another 72 hours

(NEWSER) - Qantas airlines will keep its fleet of Airbus A380s on the ground for at least three more days, after discovering oil leaks in three different planes’ engines. The leaks turned up as the Australian airline investigated the mid-air engine explosion that forced one of its A380s to make an emergency landing last week . “The oil leaks were beyond normal tolerances,” Qantas’ CEO told reporters , explaining that they’d found oil “where oil shouldn’t be on the engines.” More»

(NEWSER) - A French airline-workers union has urged Air France crews to boycott long-haul Airbus jets until new speed sensors are installed, the Times of London reports. “To prevent a repeat” of the Flight 447 disaster, the Alter union said, “we call on flight deck and cabin crew to refuse all flights aboard the A330 and A340 series which have not been modified.” Alter represents 10% of Air France crews. More»