British defense contractor BAE Systems PLC and European counterpart EADS NV on Wednesday abandoned a proposed merger that would have created a global defense and aerospace giant.
The head of Airbus says up to 2,000 jobs are at risk because Chinese airlines have frozen orders for 55 jets worth $14 billion in protest at the European Union's emissions trading plan.
Europe is willing to discuss its new carbon emissions tax for airlines with disgruntled governments - including the United States - but has no plans to scrap the levy, top EU officials said Monday.
Airbus is trouncing Boeing in the race to be the world's biggest planemaker, claiming over $72 billion worth of orders and commitments at the Paris Air Show, where the popularity of its new fuel-efficient jets twice broke records for the largest order ever.
Airbus said Monday it took in 574 net new aircraft orders last year, beating rival Boeing Co. for the third year running as the international aviation market rebounded more strongly than expected from the steepest drop in its history.
