Cathay Pacific Airways Ltd. has launched a bidding process for dozens of new widebody aircraft, according to people familiar with the matter, pitting Airbus SE against Boeing Co. in what would be a multibillion-dollar deal.

Cathay Pacific has tapped both Airbus and Boeing, requesting their proposals for the airline’s next aircraft order. The airline is considering the Airbus A350 or Boeing 787 family, along with the possibility of adding more Boeing 777Xs to its fleet.

Boeing’s quality issues led to major declines, while Airbus fared better. Find out why BA and EADSF stocks could see strong growth in 2025 due to low bases.

Airbus signalled a potential new charge in its troubled Space business on Tuesday, saying it would update investors on a long-running status review of a major satellite programme during annual results on Feb.

The original BBJ-737 was designed to accommodate 19 passengers, but various versions with up to 30 passenger capacity were also released. The aircraft comes equipped with standard winglets, which offer a 7% reduction in lift-induced drag and a 5% increase in operational range.

Airbus is terminating its charter cargo business, which used funky freighter aircraft to transport oversize loads, after less than a year.

Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.

Boeing reported its second biggest annual loss ever after a tough year following a mid-air accident and worker strikes.

Korean Air will initially fly its long-range A350-900s on short-haul flights to Japan before flying to Europe later in the year.

Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.

The Boeing Company reported a massive Q4 loss, with revenues down over 30% and losses per share significantly worse than expected. Learn more on BA stock here.