Airbus delays hydrogen jet by a decade
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 21 April 2025
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Thanks for joining us on this Monday, April 21st. I'm Julie Morgan. Airbus is tapping the brakes, Malaysia-I's Boeing Jets, and Nvidia wants more juice for AI. We begin briefly with a non-economic breaking news |
| 0:24.7 | story that you'll hear about today. Pope Francis has died. The Vatican said he passed away at |
| 0:30.6 | 7.35 a.m. Monday. He made a brief surprise appearance in St. Peter Square on Easter Sunday. A few weeks back, he was discharged from a |
| 0:39.6 | hospital in Rome, battling a life-threatening case of pneumonia in both lungs. Pope Francis was 88. |
| 0:48.2 | Airbus is putting the brakes on its zero-emission hydrogen-powered aircraft project. |
| 0:53.9 | Sources told the Wall Street Journal that the company, which previously targeted to launch |
| 0:58.5 | the aircraft by 2035, has spent more than $1.7 billion on the project. |
| 1:04.4 | However, technical challenges and slower adoption of the technology is causing them to change |
| 1:09.6 | plans. |
| 1:10.6 | Airbus has since cut the project's |
| 1:12.5 | budget by a quarter and reallocated staff, pushing its timeline by as much as a decade. |
| 1:18.5 | Project challenges include reconfiguring engines to run on a different fuel, storing hydrogen |
| 1:24.5 | in a liquid form at negative 423 degrees Fahrenheit Fahrenheit and requiring a new supply chain for the fuel. |
| 1:32.0 | The company said delaying the project would give it more time to fine-tune the technology. |
| 1:37.4 | The head of future program said their destination is not changing, but to get there, they need to adjust to reality. |
| 1:45.2 | Malaysia Airlines parent company Malaysia Aviation Group is in talks with Boeing to potentially |
| 1:51.1 | acquire new 737 max aircraft that may become available if Chinese airlines halt their deliveries |
| 1:58.0 | amid the ongoing U.S.-China trade tensions. |
| 2:01.9 | Boeing has reportedly started returning some of its 737 max jets from China back to the U.S. |
| 2:08.5 | Malaysia Aviation sees this as an opportunity to secure earlier than expected delivery. |
| 2:14.1 | However, competition for these slots is intense globally, as many airlines face long |
... |
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