Airlines will likely be told there is no immediate need for global checks on the Airbus A350-1000, ending days of uncertainty after an engine emergency prompted Cathay Pacific to review its fleet, two people familiar with the matter said.
Hong Kong carrier Cathay Pacific said Tuesday that 15 of its Airbus A350 jets needed new engine parts after inspecting its entire fleet, which was grounded following a "first of its type" engine component failure.
Hong Kong's Cathay Pacific Airways said on Monday it was inspecting all 48 of its Airbus A350 widebody jets after the in-flight failure of a component in an engine that is made by British manufacturer Rolls-Royce.
Cathay Pacific Airways CPCAY 1.80%increase; green up pointing triangle canceled dozens of flights as it inspected and repaired its fleet of Airbus AIR 0.20%increase; green up pointing triangle A350 jets after discovering engine issues on one of the planes during a flight to Switzerland.
Saudi Arabia's Public Investment Fund is in talks to procure jets from Boeing 777 and Airbus 350 for a new cargo airline, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Airbus lowered 2024 delivery targets to 770 airplanes due to supply chain bottlenecks. In July, Airbus booked 59 orders worth $5.8 billion, including A320, A330neo and A350 programs. Airbus delivered 77 airplanes in July, with deliveries increasing year-on-year by 18.5%, expecting a 5% increase for full year.
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