Airbus and Qatar Airways settle A350 row, resume business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Airbus and Qatar Airways have settled a dispute over the safety of grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial following a blistering 18-month feud that captivated rivals.

Both companies said there was no admission of liability by either party and pledged to drop their legal claims and "move forward and work together as partners".

Both sides had accused each other of bad faith and piled up combined claims worth around $2 billion ahead of a two-part High Court trial just 120 days away in London in early June."It is the culmination of significant joint efforts. It is excellent news for the French aerospace industry," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Using the word “row” for disagreement or controversy will never catch on in the states.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peter Chernin’s North Road Company Raises $150M From Qatar Investment AuthorityThe TV and film studio said it has more than 85 active productions in the works. I think people forget that PeterChernin put this guy on the map
Source: THR - 🏆 411. / 53 Read more »