financetom
Business
financetom
/
Business
/
Airbus seals VietJet deal as hopes rise at air show for end to tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus seals VietJet deal as hopes rise at air show for end to tariffs
Jun 17, 2025 6:11 AM

PARIS (Reuters) -Airbus struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to tariff-free trade were given a boost by U.S. Transport Secretary Sean Duffy.

Duffy said he wanted civil aviation to return to a 1979 zero-tariff trade agreement, in one of the clearest signs yet that the Trump administration might favour such a move.

However, Duffy added that while the White House was aware that the U.S. is a net exporter in aerospace, it was also dealing with a complex tariff situation.

U.S. President Donald Trump's 10% tariffs on nearly all airplane and parts imports are a headache for an industry already battling supply chain challenges and facing fresh turbulence from last week's deadly Air India crash and conflict in the Middle East.

In early May, the U.S. Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports.

Airlines, planemakers and several U.S. trading partners have been lobbying Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement.

On day two of the air show, European planemaker Airbus said it had signed a memorandum of understanding for VietJet to buy 100 A321neo planes, with the option to buy up to 50 more in future. The agreement confirmed an earlier Reuters story.

A deal for 150 A321neos could be worth around $9.4 billion, according to estimated prices provided by Cirium Ascend.

The agreement was the latest in a flurry of business announced by Airbus at the world's biggest aviation trade fair.

U.S. rival Boeing is expected to have a more subdued show as it focuses on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during Trump's recent tour of the Middle East.

On the defence side of the show, Leonardo chair Stefano Pontecorvo said the Italian group had bought a European cybersecurity company to strengthen its position in an area seen as increasingly important in new combat systems.

He declined to name the company, saying only that the deal would be announced soon.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ZenaTech Stock Is Rising Thursday: What's Going On?
ZenaTech Stock Is Rising Thursday: What's Going On?
Jun 5, 2025
ZenaTech, Inc. ( ZENA ) stock is moving higher Thursday after the company announced a drone-as-a-service program aimed at targeting strategic partnerships with the United States defense and government agencies. What To Know: The service enables defense customers to deploy mission-specific drone solutions without investing in capital equipment. ZenaTech ( ZENA ) offers a range of drones, including the ZenaDrone...
Honey Badger Silver Names Rob Suttie as New CFO; Shares up 12%
Honey Badger Silver Names Rob Suttie as New CFO; Shares up 12%
Jun 5, 2025
10:55 AM EDT, 06/05/2025 (MT Newswires) -- Honey Badger Silver ( HBEIF ) on Thursday said it appointed Rob Suttie as its chief financial officer, effective June 5. Suttie is the president of Marrelli Support Services, and has almost 30 years of financial reporting experience, 10 of which were in public accounting prior to his tenure with Marrelli. He also...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Citadel CEO worried by rising cost of US default insurance
Citadel CEO worried by rising cost of US default insurance
Jun 5, 2025
NEW YORK (Reuters) -Citadel's founder and CEO Ken Griffin said on Thursday it is unfathomable that a financial instrument to protect against an eventual U.S. default is being priced at levels close to some European countries. I never thought in my life I would see the U.S. priced higher in risk cost than a number of countries like Spain, Germany...
Copyright 2023-2026 - www.financetom.com All Rights Reserved