S&P 500
7,508.00
-0.15%
Dow Jones
52,396.50
-0.24%
Nasdaq 100
29,238.40
-0.07%
Russell 2000
2,947.76
-0.13%
FTSE 100
10,467.30
-0.42%
Nikkei 225
67,142.60
+0.12%

Investing

China Delaying Airbus Orders Over Carbon Emissions Fees (EADSY)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

In yet another move designed to get the European Union to eliminate the carbon emissions fee it charges airlines using EU airports, the government of China is withholding approval of an order for 35 Airbus A320s and could delay approval for 10 Airbus A380 jumbo jets. Airbus aircraft are manufactured by the European Aeronautic Defence and Space Co. (OTC: EADSY).

China has already forbidden its airlines from paying the fees without a special exemption from the government.

The governments of China, the US, Russia, and India are among those protesting the EU’s carbon fee. The fees are estimated to cost the world’s airlines €1.125 billion in 2012.

A spokesman for Airbus is cited at CNBC.com as saying that 26 countries are making “retaliation threats” against the aircraft maker as a result of the carbon emissions fees.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Chinese Official Endorses Action Against Airbus (EADSY, BA)

China’s ambassador to the European Union has said that he believes it “makes sense” for the Chinese government to delay…

Paul Ausick |

Chinese Airline Orders 60 Planes from Airbus

ThinkstockAt the beginning of this year, new, tougher carbon emissions rules went into effect for airplanes arriving or departing from…

Paul Ausick |

China Rejects Europe’s Airplane Carbon Emissions Scheme

The Chinese government has ordered the country’s airlines not to pay the European Union’s carbon emissions fee which went into…

Paul Ausick |

Boeing Tromping Airbus in YTD Sales (BA, EADSY)

In the first two months of 2012, the Boeing Co. (NYSE: BA) has sold a net 385 new aircraft compared…

Paul Ausick |

Chinese Airlines Commit $20.7 Billion for Boeing Planes: Reuters

courtesy Boeing Co.In an exclusive report from Reuters Friday morning, sources say that Boeing Co. (NYSE: BA) has received commitments…

Boeing, Airbus Chess Match Begins at Paris Air Show
Paul Ausick |

Boeing, Airbus Chess Match Begins at Paris Air Show

Next week's Paris Air Show is the first in four years, but it may not turn out to be worth…

Douglas A. McIntyre |

Airlines Make Aggressive Move To Go Green

The car industry is going green by rapidly developing hybrids and electric cars. Residential and commercial building are adding solar…

Jon C. Ogg |

Boeing in China (BA, EADSY, AIRYY, ZNH, CEA, RYAAY)

The market for commercial airplanes in China is set to explode. At least that’s the prediction from a senior official…

Jon C. Ogg |

Europe Hits Struggling Airlines With Carbon Tax (AMR, UAL, DAL)

The European Union plans to initiate a plan next year that would force any major airline that flies to a…

Top Gaining Stocks

FactSet Research Systems
FDS • Vol: 929,614
Gartner
IT • Vol: 1,375,344
Intuit
INTU • Vol: 6,564,709
Valero Energy
VLO • Vol: 2,870,552
Paycom Software
PAYC • Vol: 620,867

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Oracle
ORCL • Vol: 56,688,573
Intel
INTC • Vol: 100,754,655
Lam Research
LRCX • Vol: 9,770,514
ON Semiconductor
ON • Vol: 9,568,853