Trump signs bills to avoid shutdown, scrap Obamacare taxes and raise tobacco buying age

United States President Donald J. Trump signs the Tax Cut and Reform Bill in the Oval Office at The White House in Washington, DC on December 22, 2017. President Donald Trump signed bills Friday to prevent a government shutdown and make major changes to U.S. health policy. The president approved the $1.4 trillion appropriations package with only hours to spare before funding lapsed Saturday. In a statement from the White House press office, Trump said, “The government funding bills I just signed


United States President Donald J. Trump signs the Tax Cut and Reform Bill in the Oval Office at The White House in Washington, DC on December 22, 2017.
President Donald Trump signed bills Friday to prevent a government shutdown and make major changes to U.S. health policy.
The president approved the $1.4 trillion appropriations package with only hours to spare before funding lapsed Saturday.
In a statement from the White House press office, Trump said, “The government funding bills I just signed
Trump signs bills to avoid shutdown, scrap Obamacare taxes and raise tobacco buying age Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-21  Authors: jacob pramuk
Keywords: news, cnbc, companies, president, funding, taxes, plans, shutdown, tobacco, raise, obamacare, signed, white, package, buying, trump, scrap, tax, bills, signs


Trump signs bills to avoid shutdown, scrap Obamacare taxes and raise tobacco buying age

United States President Donald J. Trump signs the Tax Cut and Reform Bill in the Oval Office at The White House in Washington, DC on December 22, 2017.

President Donald Trump signed bills Friday to prevent a government shutdown and make major changes to U.S. health policy.

The president approved the $1.4 trillion appropriations package with only hours to spare before funding lapsed Saturday. The legislation, which boosts funding for both domestic programs and the military, keeps the government running through Sept. 30.

In a statement from the White House press office, Trump said, “The government funding bills I just signed into law contain big victories for my Administration and the American people. They enable us to continue to advance our pro-growth, pro-worker, pro-family, America First agenda.”

The sprawling bills go beyond just preventing a shutdown. They scrap some taxes used to fund the Affordable Care Act, including the “Cadillac tax” on high-cost plans. They also hike the age for tobacco purchases to 21.

The package came together after Congress had to pass two short-term plans to keep money flowing to federal departments earlier this year. Lawmakers passed legislation to suspend the U.S. debt limit and set budget levels for two years, but they struggled to decide where to appropriate the money.


Company: cnbc, Activity: cnbc, Date: 2019-12-21  Authors: jacob pramuk
Keywords: news, cnbc, companies, president, funding, taxes, plans, shutdown, tobacco, raise, obamacare, signed, white, package, buying, trump, scrap, tax, bills, signs


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We need to see what actually comes out of this US-China trade deal: Pro

We need to see what actually comes out of this US-China trade deal: ProThe Trump administration has offered to scrap tariffs on Chinese goods set to take effect Sunday and cut some existing duties in half, sources told CNBC. Patrick Chovanec of Silvercrest Asset Management joins CNBC’s “Power Lunch” team to discuss what investors should know.


We need to see what actually comes out of this US-China trade deal: ProThe Trump administration has offered to scrap tariffs on Chinese goods set to take effect Sunday and cut some existing duties in half, sources told CNBC.
Patrick Chovanec of Silvercrest Asset Management joins CNBC’s “Power Lunch” team to discuss what investors should know.
We need to see what actually comes out of this US-China trade deal: Pro Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12
Keywords: news, cnbc, companies, tariffs, deal, sources, need, team, set, trump, actually, trade, told, scrap, pro, silvercrest, comes, uschina


We need to see what actually comes out of this US-China trade deal: Pro

We need to see what actually comes out of this US-China trade deal: Pro

The Trump administration has offered to scrap tariffs on Chinese goods set to take effect Sunday and cut some existing duties in half, sources told CNBC. Patrick Chovanec of Silvercrest Asset Management joins CNBC’s “Power Lunch” team to discuss what investors should know.


Company: cnbc, Activity: cnbc, Date: 2019-12-12
Keywords: news, cnbc, companies, tariffs, deal, sources, need, team, set, trump, actually, trade, told, scrap, pro, silvercrest, comes, uschina


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European Investment Bank to scrap funding for fossil fuel projects

The European Investment Bank (EIB) has announced it will stop financing for fossil fuel energy projects, after its board reached agreement on a new energy lending policy following a meeting on Thursday. “Following a long discussion we have reached a compromise to end the financing by the EU Bank of unabated fossil fuel projects, including gas, from the end of 2021,” Andrew McDowell, the EIB’s vice-president in charge of energy, said. According to EIB figures, funding for fossil fuel projects amo


The European Investment Bank (EIB) has announced it will stop financing for fossil fuel energy projects, after its board reached agreement on a new energy lending policy following a meeting on Thursday.
“Following a long discussion we have reached a compromise to end the financing by the EU Bank of unabated fossil fuel projects, including gas, from the end of 2021,” Andrew McDowell, the EIB’s vice-president in charge of energy, said.
According to EIB figures, funding for fossil fuel projects amo
European Investment Bank to scrap funding for fossil fuel projects Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, scrap, fuel, bank, funding, investment, energy, fossil, lending, end, reached, european, projects, eib, billion


European Investment Bank to scrap funding for fossil fuel projects

The European Investment Bank (EIB) has announced it will stop financing for fossil fuel energy projects, after its board reached agreement on a new energy lending policy following a meeting on Thursday.

“Climate is the top issue on the political agenda of our time,” Werner Hoyer, the EIB’s president, said in a statement. “Scientists estimate that we are currently heading for 3-4°C of temperature increase by the end of the century,” he added. “If that happens, large portions of our planet will become uninhabitable, with disastrous consequences for people around the world.”

The European Union’s (EU) lending arm, the EIB describes itself as the world’s “biggest multilateral financial institution.” Its shareholders are the EU’s 28 member states, and its headquarters are in Luxembourg.

“Following a long discussion we have reached a compromise to end the financing by the EU Bank of unabated fossil fuel projects, including gas, from the end of 2021,” Andrew McDowell, the EIB’s vice-president in charge of energy, said.

According to EIB figures, funding for fossil fuel projects amounts to 13.4 billion euros ($14.78 billion) since 2013. Almost 2 billion euros of fossil fuel projects were funded by the EIB in 2018.

Under draft plans released in July, the EIB had proposed phasing out support for fossil fuel projects “by the end of 2020.” According to Reuters, a decision regarding fossil fuels and funding had been slated for October, but was put back due to a number of countries wanting funding for gas to carry on.

The EIB said Thursday that it was also setting a new emissions performance standard for projects. This will be 250 grams of carbon dioxide per kilowatt hour. It will replace the 550 grams of carbon dioxide per kilowatt hour that is currently being used.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, scrap, fuel, bank, funding, investment, energy, fossil, lending, end, reached, european, projects, eib, billion


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Markets point to a lower open as trade war concerns persist

Markets point to a lower open as trade war concerns persist1 Hour AgoU.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods. CNBC’s Kate Rogers reports.


Markets point to a lower open as trade war concerns persist1 Hour AgoU.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods.
CNBC’s Kate Rogers reports.
Markets point to a lower open as trade war concerns persist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11
Keywords: news, cnbc, companies, markets, point, trump, open, trade, lower, reports, concerns, stock, war, persist, tariffs, rogers, scrap, president


Markets point to a lower open as trade war concerns persist

Markets point to a lower open as trade war concerns persist

1 Hour Ago

U.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods. CNBC’s Kate Rogers reports.


Company: cnbc, Activity: cnbc, Date: 2019-11-11
Keywords: news, cnbc, companies, markets, point, trump, open, trade, lower, reports, concerns, stock, war, persist, tariffs, rogers, scrap, president


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Heineken UK to scrap plastic packaging for its multi-pack beers

Heineken U.K. is to introduce cardboard packaging to replace the plastic rings used on its multipack cans. By the end of 2021 all of Heineken U.K.’s multi-pack cans — which include brands such as Strongbow and John Smith’s — will be free from plastic. Heineken U.K. is the latest major business to attempt to reduce the amount of plastic it uses. In October, consumer goods giant Unilever said it would halve its use of virgin plastic by 2025. The Anglo-Dutch firm also vowed to “help collect and pro


Heineken U.K. is to introduce cardboard packaging to replace the plastic rings used on its multipack cans.
By the end of 2021 all of Heineken U.K.’s multi-pack cans — which include brands such as Strongbow and John Smith’s — will be free from plastic.
Heineken U.K. is the latest major business to attempt to reduce the amount of plastic it uses.
In October, consumer goods giant Unilever said it would halve its use of virgin plastic by 2025.
The Anglo-Dutch firm also vowed to “help collect and pro
Heineken UK to scrap plastic packaging for its multi-pack beers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: anmar frangoul
Keywords: news, cnbc, companies, plastic, packaging, multipack, uks, used, scrap, using, beers, cardboard, heineken, virgin


Heineken UK to scrap plastic packaging for its multi-pack beers

Heineken U.K. is to introduce cardboard packaging to replace the plastic rings used on its multipack cans.

In an announcement Thursday, the drinks giant said the new “topper” was formed from cardboard that had been sustainably sourced. It added that the new packaging was “100% recyclable and compostable.”

The packaging will initially be used on multi-pack cans of Heineken, Foster’s and Kronenbourg 1664. These products will be sold by retailers from April 2020.

By the end of 2021 all of Heineken U.K.’s multi-pack cans — which include brands such as Strongbow and John Smith’s — will be free from plastic. Getting rid of shrink wrapping and using the new cardboard topper would help the company get rid of 517 tons of plastic per year, it said.

“The effect single-use plastic is having on our planet can’t be ignored,” Cindy Tervoort, Heineken U.K.’s marketing director, said in a statement. “Creating an eco-friendly solution that eliminates plastic while still meeting consumer demand has never been more important in our business.”

In the last few years, U.K. consumers’ awareness of plastic pollution and the damage it can cause has been heightened by TV shows such as “Blue Planet II.” Presented by David Attenborough, the program highlighted the shocking impact plastic has on wildlife.

Heineken U.K. is the latest major business to attempt to reduce the amount of plastic it uses.

At the start of November, major U.K. grocery chain Tesco announced plans to remove 1 billion pieces of plastic from own-brand products in its U.K. stores by the end of 2020.

In October, consumer goods giant Unilever said it would halve its use of virgin plastic by 2025.

The business, whose brands include Dove, Ben & Jerry’s and Lipton, said it would achieve this by cutting its “absolute use of plastic packaging” by over 100,000 tons and “accelerating its use of recycled plastic.” Virgin plastics are produced using raw materials, rather than recycled ones.

The Anglo-Dutch firm also vowed to “help collect and process more plastic packaging than it sells.”


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: anmar frangoul
Keywords: news, cnbc, companies, plastic, packaging, multipack, uks, used, scrap, using, beers, cardboard, heineken, virgin


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China to scrap foreign ownership limits in finance firms between Jan and April

SAP’s new CEOs shake off recession and trade war risks as Bill… In an interview with CNBC, SAP co-CEOs Jennifer Morgan and Christian Klein pointed to the firm’s third quarter numbers, which saw revenue up 13% year-on-year, to highlight the…Technologyread more


SAP’s new CEOs shake off recession and trade war risks as Bill… In an interview with CNBC, SAP co-CEOs Jennifer Morgan and Christian Klein pointed to the firm’s third quarter numbers, which saw revenue up 13% year-on-year, to highlight the…Technologyread more
China to scrap foreign ownership limits in finance firms between Jan and April Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11
Keywords: news, cnbc, companies, yearonyear, foreign, jan, finance, risks, thetechnologyread, sap, ownership, scrap, war, shake, saw, trade, china, limits, revenue, firms, saps


China to scrap foreign ownership limits in finance firms between Jan and April

SAP’s new CEOs shake off recession and trade war risks as Bill…

In an interview with CNBC, SAP co-CEOs Jennifer Morgan and Christian Klein pointed to the firm’s third quarter numbers, which saw revenue up 13% year-on-year, to highlight the…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11
Keywords: news, cnbc, companies, yearonyear, foreign, jan, finance, risks, thetechnologyread, sap, ownership, scrap, war, shake, saw, trade, china, limits, revenue, firms, saps


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China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China


Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China
China to scrap foreign investment quotas to attract more money into its stock, bond markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China.

China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital.

While underlining China’s thirst for overseas funding as its economy slows amid a debilitating trade war with the United States, the move also appears largely symbolic, as two-thirds of the existing quotas remain unused.

China’s State Administration of Foreign Exchange (SAFE) would remove quotas on the dollar-dominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling, RQFII, it said in a statement on its website.

It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China’s bond and stock markets more broadly accepted by international markets.”

The removal of quotas comes amid an escalating Sino-U.S. trade war that threatens growth in the world’s second-biggest economy.

Beijing hopes that foreign capital inflows could help to offset rising outflows and lend support to its yuan, which has dropped to its lowest levels against the U.S. dollar since the onset of the global financial crisis in 2008.

Inflows could also help bolster China’s balance of payments, as some analysts fear the country is slipping dangerously towards twin deficits in its fiscal and current accounts.

The removal “is a clear signal that policymakers want to encourage capital inflows,” wrote Win Thin, Global Head of Currency Strategy at Brown Brothers Harriman.

“The corollary is that they are still very worried about capital outflows and so will make sure to avoid any steps that might increase them,” he said.

China in January doubled the QFII quota to $300 billion, but only $111.4 billion of the limit had been used by foreign investors by the end of August.

China’s securities regulator also published draft rules earlier this year that would combine the QFII and RQFII programmes while also simplifying access for overseas investors.


Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


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McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals

The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho


The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho
McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


McDonald's and Burger King are facing calls to scrap plastic toys in kids' meal deals

The plastic toys given away with children’s fast food meals are under fire.

McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly.

McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases.

“We like to go to eat at Burger King and McDonald’s, but children only play with the plastic toys they give us for a few minutes before they get thrown away and harm animals and pollute the sea,” wrote Ella and Caitlin Wood on a Change.org petition page, which has more than 335,000 signatures.

The children, aged 9 and 7, wrote that they learnt about pollution at school and recycle at home. “But we want to do more, which is why we started this petition. It’s not enough to make recyclable plastic toys — big, rich companies shouldn’t be making toys out of plastic at all,” they wrote.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


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House Dems scrap budget vote as centrists and liberals fight over spending plan

House Democrats will not move forward with a planned budget vote as two flanks of the party rebel. The caps were largely a statement of priorities in budget talks with the White House and Senate Republicans. The spending caps bill’s collapse highlights the difficulties House Democrats face in governing with a diverse majority. In a statement, House Budget Committee ranking member Steve Womack, R-Ark., called the caps deal’s failure “another embarrassing failure to govern.” If Congress cannot rai


House Democrats will not move forward with a planned budget vote as two flanks of the party rebel. The caps were largely a statement of priorities in budget talks with the White House and Senate Republicans. The spending caps bill’s collapse highlights the difficulties House Democrats face in governing with a diverse majority. In a statement, House Budget Committee ranking member Steve Womack, R-Ark., called the caps deal’s failure “another embarrassing failure to govern.” If Congress cannot rai
House Dems scrap budget vote as centrists and liberals fight over spending plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: jacob pramuk, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, yarmuth, house, vote, spending, budget, scrap, liberals, plan, fight, democrats, centrists, caps, statement, leaders, priorities, dems


House Dems scrap budget vote as centrists and liberals fight over spending plan

House Democrats will not move forward with a planned budget vote as two flanks of the party rebel.

The chamber will not vote this week on a measure to raise spending limits for the next two years, House Budget Committee Chairman Rep. John Yarmuth, D-Ky., said Tuesday. The bill, which leaders wanted to vote on Wednesday, would have allowed lawmakers to hike defense and domestic spending by $88 billion each in fiscal 2020.

But the measure fizzled out for now as party leaders faced defections from both the center and left. The Congressional Progressive Caucus wanted $33 billion more in nondefense spending in 2020. Meanwhile, the centrist Blue Dog Coalition called the spending levels too expensive and backed a balanced budget amendment.

The caps were largely a statement of priorities in budget talks with the White House and Senate Republicans. By failing to pass legislation, Democrats lose one opportunity to illustrate their priorities during their first period of House control since 2011.

In a statement, Yarmuth said his party would focus on stopping automatic cuts, known as sequestration, and spending reductions proposed by the Trump administration earlier this year.

“There are further conversations we must have to reach consensus between the wings of our caucus, left and right,” Yarmuth said. “But we all have a responsibility to govern and obligations to the American people, so our work continues.”

The House did set an overall spending limit of $1.3 trillion for fiscal 2020 as part of its rules process. Lawmakers can write appropriations bills at those levels.

The spending caps bill’s collapse highlights the difficulties House Democrats face in governing with a diverse majority. The 27 Blue Dog Democrats, who supported the balanced budget amendment introduced by Rep. Ben McAdams, D-Utah, will have to run for re-election next year in many ideologically split or red-leaning districts. Meanwhile, liberals in the roughly 90-member Congressional Progressive Caucus want to follow through on promises to seek sweeping policy change in Congress.

In a statement, House Budget Committee ranking member Steve Womack, R-Ark., called the caps deal’s failure “another embarrassing failure to govern.”

The policy splits have already emerged on some Democratic priorities. Thirteen Democrats backed a bill last week to set a federal minimum wage based on regional cost of living and purchasing power, in contrast to the $15 per hour blanket minimum wage bill pushed by House leaders and the party’s left flank.

Earlier Tuesday, Senate Majority Mitch McConnell, R-Ky., said he spoke with President Donald Trump and House Speaker Nancy Pelosi and they agreed to “get together at the staff level to begin discussing the possibility of reaching a two-year caps deal.” The leaders want to “move ahead fully with some kind of regular appropriations process,” he said.

If Congress cannot raise budget caps, spending will automatically drop by $126 billion next fiscal year, which starts Oct. 1. Lawmakers also want to avoid another damaging government shutdown. A record 35-day partial closure in parts of December and January disrupted government services and sapped economic growth.

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Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: jacob pramuk, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, yarmuth, house, vote, spending, budget, scrap, liberals, plan, fight, democrats, centrists, caps, statement, leaders, priorities, dems


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Airbus set to scrap production of the world’s largest airliner

Europe’s Airbus announced plans to scrap production of the world’s largest airliner on Thursday, abandoning its A380 superjumbo program in favor of smaller, more nimble jets. In a statement published on Thursday, Airbus said the last A380 will be delivered in 2021. The decision comes after Emirates — the largest A380 customer — decided to cut back its orders of the iconic aircraft and order a total of 70 of the smaller A350 and A330neo models instead. This leads to the end of A380 deliveries in


Europe’s Airbus announced plans to scrap production of the world’s largest airliner on Thursday, abandoning its A380 superjumbo program in favor of smaller, more nimble jets. In a statement published on Thursday, Airbus said the last A380 will be delivered in 2021. The decision comes after Emirates — the largest A380 customer — decided to cut back its orders of the iconic aircraft and order a total of 70 of the smaller A350 and A330neo models instead. This leads to the end of A380 deliveries in
Airbus set to scrap production of the world’s largest airliner Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith, fyrol mohn, afp, getty images
Keywords: news, cnbc, companies, largest, worlds, set, a380, decision, weeks, smaller, statement, airbus, production, enders, scrap, airliner


Airbus set to scrap production of the world's largest airliner

Europe’s Airbus announced plans to scrap production of the world’s largest airliner on Thursday, abandoning its A380 superjumbo program in favor of smaller, more nimble jets.

In a statement published on Thursday, Airbus said the last A380 will be delivered in 2021.

The decision comes after Emirates — the largest A380 customer — decided to cut back its orders of the iconic aircraft and order a total of 70 of the smaller A350 and A330neo models instead.

“As a result of this decision we have no substantial A380 backlog and hence no basis to sustain production, despite all our sales efforts with other airlines in recent years. This leads to the end of A380 deliveries in 2021,” Airbus CEO Tom Enders said in a statement on Thursday.

“The consequences of this decision are largely embedded in our 2018 full year results,” Enders said.

Airbus said it would start discussions with unions in the coming weeks regarding the 3,000 to 3,500 jobs potentially affected by the news.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith, fyrol mohn, afp, getty images
Keywords: news, cnbc, companies, largest, worlds, set, a380, decision, weeks, smaller, statement, airbus, production, enders, scrap, airliner


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