Time has been the decisive factor in finding a solution between Airbus and Qatar Airways over the various issues between the two, Airbus CEO Guillaume Faury has said. He spoke to AirInsight on Thursday after the presentation of the 2022 annual results.
On February 1, Airbus and Qatar announced an “amicable and mutually agreeable settlement
” and terminate their legal dispute, which had mushroomed over a 1.5-year period. It started in 2021 with Qatar Airways CEO Akbar Al Baker complaining of the paint quality on some A350s, which became a safety concern and led to the Qatar Civil Aviation Authority (QCAA) suspending the airworthiness certificate of 29 aircraft.
When the airline refused to take delivery of four completed A350-1000s, Airbus first terminated an order for fifty A321neo’s from Qatar and later did the same with nineteen A350s that have yet to be built. Qatar claimed over $2.0 billion in damages while Airbus filed counterclaims. This all was fought out in front of the London High Court and the media and escalated conference by conference, in preparation for two cases to be scheduled in June. To the surprise of many, the settlement followed just weeks after a heated discussion between the parties.
Unlock the Full AirInsight Analysis & KPI Models
Get instant access to proprietary fleet valuation models, production & delivery forecasts, engine cost analytics, and the complete subscriber archive.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
