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Airbus A380 program could be ‘sustainable’ after Emirates purchase, top exec says

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The Airbus A380 will continue to be made for at least another 10 years and could become a “sustainable program,” a senior executive has told CNBC.

Didier Evrard, executive vice president head of programs at Airbus, confirmed that Emirates’ decision in January to purchase 20 of the superjumbos had secured the future of the program.

“I think this order was extremely important to secure the life of the program for another 10 years, at least — and probably much more. It gives us the potential now to have a sustainable program,” he said.

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New mandates, a close White House tie and big challenges ahead

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China sanctions Pompeo, O’Brien, Azar and other Trump administration officials

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U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China.

Lintao Zhang | Getty Images

WASHINGTON – The Chinese government slapped sanctions on former Secretary of State Mike Pompeo, former National Security Adviser Robert O’Brien and former trade adviser Peter Navarro, along with other members of the Trump administration Wednesday.

“Over the past few years, some anti-China politicians in the United States, out of their selfish political interests and prejudice and hatred against China and showing no regard for the interests of the Chinese and American people, have planned, promoted and executed a series of crazy moves which have gravely interfered in China’s internal affairs, undermined China’s interests, offended the Chinese people, and seriously disrupted China-U.S. relations,” wrote the Ministry of Foreign Affairs in a statement.

“China has decided to sanction 28 persons who have seriously violated China’s sovereignty and who have been mainly responsible for such U.S. moves on China-related issues,” the statement also said.

The Chinese government also named former deputy national security adviser Matthew Pottinger, former Health and Human Services Secretary Alex Azar, former U.S. Ambassador to the United Nations Kelly Craft, assistant Secretary of State for East Asian and Pacific Affairs David Stilwell and under Secretary of State for Economic Growth, Energy, and the Environment Keith Krach.

Former national security adviser John Bolton and Stephen Bannon were also sanctioned Wednesday.

“These individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China,” wrote the Ministry of Foreign Affairs in a statement.

US President Donald Trump (L) and China’s President Xi Jinping shake hands at a press conference following their meeting outside the Great Hall of the People in Beijing.

Artyom Ivanov | TASS | Getty Images

The crumbling relationship between Washington and Beijing intensified under the Trump administration following an attempt from the world’s two largest economies to mend trade relations.

Chinese Foreign Ministry spokeswoman Hua has previously said the Trump administration “is pressing the accelerator to trash China-U.S. relations.”

“Certain U.S. politicians are so irresponsible that they will say whatever needs to be said to make China a target,” she added last summer.

Her comments followed a blistering speech by then-U.S. Attorney General Bill Barr in which he accused the Chinese government of human rights abuses, espionage and economic blitzkrieg.

“The People’s Republic of China is now engaged in an economic blitzkrieg—an aggressive, orchestrated, whole-of-government campaign to seize the commanding heights of the global economy and to surpass the United States as the world’s preeminent superpower,” Barr said during a July 16 speech.

In June, O’Brien slammed China for a laundry list of offenses before saying that “the days of American passivity and naivety regarding the People’s Republic of China are over.”

Pompeo, who has previously described Huawei and other Chinese state-backed businesses as “Trojan horses for Chinese intelligence.” In July, Pompeo announced that the U.S. was looking at banning TikTok as well as other Chinese social media apps, citing national security concerns.

The Trump administration has also squarely placed blame on China for the deadly health crisis caused by the coronavirus

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EU chief says Biden on the same page over Big Tech regulation

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