Bloomberg
• Kate Duffy, Oliver Crook
The European Investment Bank’s head rejected US government criticism of its €3 billion ($3.4 billion) loan to Airbus, saying the administration has no grounds to question the arrangement. The dispute puts a major European public-financing deal for the aircraft maker at the center of transatlantic scrutiny.
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The European Investment Bank’s head rejected US government criticism of its €3 billion ($3.4 billion) loan to Airbus, saying the administration has no grounds to question the arrangement. The dispute puts a major European public-financing deal for the aircraft maker at the center of transatlantic scrutiny.
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Airbus has launched a planned three-year share buyback of up to €5 billion, aimed at boosting shareholder returns. The first tranche, worth up to €800 million, is scheduled to run from Nov. 9 through Dec. 23, 2026; the overall program is expected to conclude by July 2029.
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Philippine Airlines has firmed an order for nine more Airbus A350-1000s and secured purchase rights for five additional aircraft. The deal lifts the carrier’s total commitment for the type to 18, expanding its planned widebody fleet.
The delivery brings Air France’s A220-300 fleet to 60, fulfilling the order it placed in 2019 and giving the French carrier one of the world’s largest fleets of the type. The airline has introduced the aircraft over five years while continuing to operate the A318.
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China Eastern Airlines has selected 202 LEAP-1A engines from CFM International to power 101 aircraft in its latest Airbus A320neo-family order. The selection makes CFM the engine supplier for the narrowbody fleet addition, pairing the aircraft order with a defined powerplant choice.
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The selection covers the 101 Airbus narrowbodies China Eastern ordered earlier this year and includes spare engines and a long-term services agreement. It preserves the airline’s LEAP-1A choice across its A320neo fleet; deliveries, including A321XLRs, are due from 2028 through 2032.
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