News

Airbus cuts A380 delivery target to avoid glut Europe's   Airbus   on Tuesday cut the delivery target for its   A380   superjumbo to 12 a year from 2018, down from 27 in 2015 and about half what is projected for this year, to prevent a glut of unsold planes as airlines shun the industry's behemoths. It announced the cutback late on the second day of the Farnborough Airshow, taking the shine off a $20 billion haul of orders for smaller jets, after the decision was reported in French newspaper   La Tribune. The move raises the possibility that Airbus could revert to losses on the double-decker jet after breaking even for the first time last year, but averts the need to start ordering parts for unsold planes: something it has pledged not to do. Parts for   A380s   must be ordered up to two years ahead. Airbus said it would still break even with 20 deliveries next year, but gave no specific commitment beyond that. "The company will continue t...

AirAsia eyes Hong Kong listing as it expands in North Asia AirAsia   is studying a dual listing in Hong Kong, part of plans to become a pan-Asian low-cost airline player as it also moves towards setting up a joint venture in China, people familiar with the matter said on Sunday. The Malaysia-based group is simultaneously looking for more   aircraft   to meet strong demand in North Asia and elsewhere, the people said on the eve of Britain's Farnborough Airshow. Asia's largest low-cost airline group, which already has affiliates across Southeast Asia, aims to form the venture with the backing of a Chinese state-owned enterprise (SOE) to help capture traffic from fast-growing secondary and tertiary cities. Co-founder and Chief Executive Tony Fernandes referred to the potential dual listing without naming a location and hinted at a potential new aircraft order in remarks posted on his   Twitter   account on Sunday. "Looking at more ancillary (rev...