Airshow Soars with Airbus-VietJet Deal Amid Tariff Tensions
At the Paris Airshow, Airbus secured a deal with VietJet for up to 150 jets, while U.S. Transport Secretary Sean Duffy hinted at a return to zero-tariff trade in civil aviation. Meanwhile, U.S. tariffs on aerospace imports continue to challenge the industry, and airlines lobby for a tariff-free regime.
At the Paris Airshow, Airbus made headlines with a major deal, agreeing to supply VietJet with up to 150 single-aisle jets. This comes as industry leaders received a promising signal from U.S. Transport Secretary Sean Duffy about a potential return to zero-tariff trade in civil aviation.
Duffy noted the Trump administration's interest in revisiting the 1979 zero-tariff agreement, yet acknowledged the complexity of current tariffs. The U.S. aerospace sector, a net exporter, faces challenges with existing tariffs, further complicated by a recent fatal Air India crash and Middle East tensions.
Additionally, Airbus' agreement was complemented by Rolls-Royce's ambition to enter the narrow-body jet market. Meanwhile, Europe's defence sector is poised for growth, with Leonardo acquiring a cybersecurity firm amid military spending surges and potential expansion of the Global Combat Air Programme.
(With inputs from agencies.)
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