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February 23, 2022

Airbus Ordered to Delay Qatar Sale Cancellation

Cancellation of 50 A321neos Held for April Resolution

In the ongoing court dispute between Airbus and Qatar Airways, a London Judge ordered the manufacturer to delay its cancellation of nearly $6 billion in order slots as the lawsuit plays out. The cancellations were seen as a vindictive severance of the relationship between the two and is assumed to be the reason for a relatively large order with aircraft rival Boeing. Airbus had hoped that cancelling the early delivery slots for those highly desirable A321neos bound for Qatar would allow them to fulfill other customer demand. The court order now means that things are paused until an April hearing in which Qatar hopes to force the slots to be honored through court injunction. 

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Lufthansa, KLM, Air France, Suspend Ukraine Service

As Tensions Rise, Stressed Out Actuaries Take Their Toll

While the tensions escalate in Ukraine, a number of airliners have begun to cancel service to the region. So far, carriers from Switzerland, Germany, and Austria have pulled their flights to the region in the interest of safety, with more expected to accelerate their moves in the coming days. The drawn out dispute between NATO and Russia shifted into second gear with the recognition of breakaway republics in the east of Ukraine, further heightening tensions that were previously somewhat high. Earlier this month, the American embassy told citizens to evacuate themselves if they wanted to avoid being drawn into a war zone.

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