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Oct 31 2024BUSINESS

Airbus Keeps 770 Plane Delivery Goal Despite Supply Issues

Airbus has decided to stick to its plan of delivering 770 aircraft in 2024, even though it's facing some big problems with its supply chain. This news came after the company reported better-than-expected earnings for the third quarter. Airbus made €1. 41 billion before interest and taxes, which was

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Oct 31 2024BUSINESS

Air Canada Boosts China Flights: What It Means

Air Canada is amping up its flight frequency to China, with new daily flights to Beijing and Shanghai. The airline is making a comeback with daily trips from Vancouver to Beijing, starting January 15. Plus, Shanghai will see daily flights from Vancouver starting December 7. This is a big deal since

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Oct 16 2024BUSINESS

Airbus Trims Space and Defense Jobs to Stay Competitive

Airbus, a major player in the aerospace industry, has recently announced plans to cut up to 2,500 jobs in its Defense and Space division. This decision comes in response to a tough business environment, particularly in the satellite sector where they've faced significant losses. The European company

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Sep 11 2024TECHNOLOGY

The Uncertain Future of Open-Rotor Engine Technology: A Game-Changer or a Flash in the Pan?

Airbus CEO Guillaume Faury is cautiously optimistic about CFM's open-rotor engine technology, but is it enough to convince the industry? The innovative design features a massive 14-foot diameter fan, non-rotating variable-pitch stators, and the promise of improved fuel efficiency. But can it deli

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