Search Site

Trends banner

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Airbus cancels Qatar Airways plane order as feud deepens

Aviation currently contributes between 2.5 and 3 percent of global CO2 emissions.
  • Airbus has cancelled an order of 50 A321neo planes from Qatar Airways, one of its major customers
  • This is in response to the airline grounding several of its A350 aircraft due to an issue with fuselage surfaces

Airbus has taken the extraordinary step of cancelling an order of 50 planes from Qatar Airways, a major customer, in an escalating feud over the airline’s grounding of A350 aircraft.

The Qatari company, one of the Gulf region’s “big three” carriers, has grounded part of its A350 fleet over degradation of exterior fuselage surfaces.

The airline has taken the dispute to the High Court in London and stopped accepting further deliveries of the wide-body aircraft from the European firm until the problem is resolved.

An Airbus spokesman told AFP on Friday that the aircraft maker has “terminated” a contract with Qatar Airways for 50 single-aisle A321neo aircraft, “in accordance with our rights”.

The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.

The two companies had their first hearing in court on Thursday.

Qatar Airways demanded $618 million in compensation, plus $4 million more per day for each day the A350 planes have been kept idle, a source close to the matter said.

Airbus said it cancelled the A321neo orders because Qatar Airways failed its contractual obligations by refusing to take deliveries of A350 planes.