Airbus (AIR.PA), Europe’s biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet program – Embraer’s main rival – as Canada’s Bombardier (BBDb.TO) sold out of the project it had set up.
The FAA confirmed Friday it had received a proposal from the planemaker regarding the wiring issue.
American is cancelling 737 MAX flights until Aug. 18 and United until Sept. 4, the two said in separate statements on Friday. The other U.S. 737 MAX operator, Southwest Airlines Co (LUV.N), has extended its flight cancellations until Aug. 10.
“We will enter the first talks soon with the European works council,” Airbus Defence and Space chief Dirk Hoke told Reuters in an interview cleared for publication on Saturday, adding that negotiations would then take place at national level.
Airbus also said it hoped Washington would change position once the World Trade Organization authorizes the EU to impose tariffs on Boeing aircraft, including the 737 MAX, 787 and 777 aircraft in May or June.
The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.
The European planemaker said it would continue discussions with its U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped the U.S. Trade Representative’s office would change its position.
The World Trade Organization has found the world’s two largest planemakers received billions of dollars of unfair subsidies in a pair of cases dating back to 2004 and is expected to allow both sides to impose tariffs, starting with the United States.
PrimeSource Building Products had challenged Trump’s surprise expansion of existing tariffs to include derivative products such as steel nails and aluminum cables.
FILE PHOTO: A crowd gathers before SpaceX’s Elon Musk gives an update on the company’s Mars rocket Starship in Boca Chica, Texas U.S. September 28, 2019. REUTERS/Callaghan O’Hare/File Photo
FILE PHOTO: Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid/File Photo
“Within the Middle East region there are a number of other customers in addition to Saudi who I think in future will be looking at additional Typhoons,” he said.
