Tag: Airbus
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Airbus offers subsidy concession to end U.S. tariffs
Europe’s Airbus said on Friday, July 24, 2020, it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies. The European Union, France and Spain said the move to raise interest rates…
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Largest aircraft manufacturer Airbus, cuts 15,000 jobs as COVID hits aviation hard
Airbus is to cut 15,000 jobs as it faces “the gravest crisis this sector has ever experienced”. The world’s largest manufacturer of aircraft is just one of a many companies to announce drastic cuts as the airline industry attempts to survive amid the coronavirus crisis, which brought much of the world’s air travel to a…
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Top gov’t officials took bribes from Airbus between 2009 and 2015 – UK court reveals
It has emerged that some top officials in the government of Ghana during the Mills-Mahama administration between 2009 and 2015, took bribes from the world’s largest airliner manufacturer, Airbus. The bribes were to afford the company some business favours, according to UK court documents. This emerged in a case of ‘endemic’ corruption against the company…