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Key supplier Aubert & Duval to be acquired by Airbus-led consortium

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Airbus, Safran and Tikehau Ace Capital announced that they have signed a Memorandum of Understanding (MOU) with the mining and metallurgical group Eramet for...

COVID-19: Rolls-Royce to shed 9,000 employees and cut costs across its...

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UK-based engine maker Rolls-Royce announced Wednesday (20 May) that it was shedding 9,000 workers from its global workforce of 52,000 and entering into a...

UPDATED: Airbus posts Q1 loss as company faces ‘gravest crisis aerospace...

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Europe’s Airbus, which has warned its staff it may have to cut thousands of jobs, reported a consolidated first-quarter loss of €481 million (US$521.9...