Airbus and Qatar Airways have settled a dispute over the degraded appearance of A350 planes banned by the emirate’s regulator, the European plane maker said on Wednesday, avoiding a potentially damaging lawsuit in a UK court.
The “peaceful settlement” ends a bitter €2 billion safety dispute over damage left by cracked paint that forced Airbus to cancel dozens of orders for planes from the Gulf carrier.
Airbus said the deal does not represent an admission of liability by either side, and both companies will continue to grow as partners.
Reuters previously reported that a deal could be reached on Wednesday.
Finance Minister Bruno Le Maire welcomed the deal.
Qatar criticized and sued Airbus, the world’s biggest plane maker, after cracks in the paintwork of its A350 planes revealed gaps in the lightning protection underlay, prompting regulators in the state to ground 29 planes.
Airbus acknowledges quality flaws but insists the planes are safe.
Source: Hot News
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