Airbus shares sink on A350 delivery delay

Airbus shares sink on A350 delivery delay
By admin


Airbus shares have plunged on the Paris stock exchange after Qatar Airways said it would postpone delivery of the first A350 jet "until further notice."

Airbus shares slumped more than 10 per cent to 43.20 euros in Wednesday afternoon trading after Qatar Airways, which was due to take delivery of the first A350 on Saturday, announced the fresh delay with no explanation.

In its statement, Airbus said "We are working very closely with Qatar Airways to meet our common goal to deliver their firsts A350 XWB very soon."

The A350 wide-body aircraft is intended as Airbus' best hope for catching up in the long-haul market that is dominated by Boeing's 777 and 787, but has been plagued by years of delays and a multibillion dollar revamp.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]