Global Airlines Race to Fix Jets as Airbus Apologizes Following A320 Recall

Haneda Airport’s Terminal 2 is crowded with travellers due to flight cancellations, in Tokyo, Japan, 29 November 2025. (EPA/Jiji Press)
Haneda Airport’s Terminal 2 is crowded with travellers due to flight cancellations, in Tokyo, Japan, 29 November 2025. (EPA/Jiji Press)
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Global Airlines Race to Fix Jets as Airbus Apologizes Following A320 Recall

Haneda Airport’s Terminal 2 is crowded with travellers due to flight cancellations, in Tokyo, Japan, 29 November 2025. (EPA/Jiji Press)
Haneda Airport’s Terminal 2 is crowded with travellers due to flight cancellations, in Tokyo, Japan, 29 November 2025. (EPA/Jiji Press)

Global airlines scrambled to fix a software glitch on Airbus A320 jets on Saturday as a partial recall by the European planemaker halted hundreds of flights in Asia and Europe and threatened US travel over the busiest weekend of the year.

Airlines worked through the night after global regulators told them to remedy the problem before resuming flights. Delta Air Lines and Hungary’s Wizz Air on Saturday each said they had completed the fix to their fleet with no impact on operations.

The overnight effort by airlines appeared to help head off the worst-case scenario and capped the number of flight delays in Asia and Europe. The US will face high demand after the Thanksgiving holiday period.

"It's not as chaotic as some people might think," said Asia-based aviation analyst Brendan Sobie. "But it does create some short-term headaches for operations."

Airbus CEO Guillaume Faury apologized to airlines and passengers after the surprise recall of 6,000 planes or more than half of the global A320-family fleet, which recently overtook the Boeing 737 as the industry's most-delivered model.

"I want to sincerely apologize to our airline customers and passengers who are impacted now," Faury posted on LinkedIn.

Friday's alert followed an unintended loss of altitude on an October 30 JetBlue flight from Cancun, Mexico, to Newark, New Jersey, which injured 10 passengers, according to France's BEA accident agency, which is probing the incident.

AIRBUS RECALL LUCKY TIMING FOR SOME AIRLINES

The alert landed at a time of day when many European airlines and Asian airlines are winding down their schedules, which mostly do not require the short- to medium-haul jets like the A320 to be flying at night, leaving time for repairs.

In the United States, however, it came during the day ahead of the busy Thanksgiving holiday travel weekend.

Steven Greenway, CEO of Saudi carrier Flyadeal, said that the recall had hit late in the evening, which had avoided more serious disruption. The airline said it had fixed all 13 affected jets and would resume normal operations by midnight.

"It was a great team effort but our luck also held up in the timing," Greenway told Reuters.

Airlines must revert to a previous version of software in a computer that helps determine the nose angle of the affected jets and in some cases must also change the hardware itself, mainly on older planes in service.

By Saturday, Airbus was telling airlines that repairs to some of the A320 jets affected may be less burdensome than first thought, industry sources said, with fewer than the original estimate of 1,000 needing the time-consuming hardware changes.

Even so, industry executives said the abrupt action was a rare and potentially costly headache at a time when maintenance is under pressure worldwide from labor and parts shortages.

There were also unresolved questions about the impact of solar flare radiation blamed for the JetBlue incident, which is being treated by French investigators as an "incident," the lowest of three categories of potential safety emergency.

"Any operational challenges that comes at short notice and affecting a large part of your operation is tough to deal with," said UK-based aviation consultant John Strickland.

FIX IS SIMPLE BUT NECESSARY

The fix must be completed before the planes can fly again with passengers, a process needing two to three hours per jet.

Globally, there are about 11,300 of the single-aisle jets in service, including 6,440 of the core A320 model. Those include some of the largest and busiest low-cost carriers.

Tracker data from Cirium and FlightAware showed most global airports operating with good-to-moderate levels of delays.

Wizz Air said updates had been implemented overnight on all its affected jets. The European low-fare airline had already been hit hard by groundings caused by long waiting times for engine repairs rather than safety concerns.

AirAsia, one of the world's largest A320 customers, said it aimed to complete fixes in 48 hours.

India's aviation regulator said on Saturday budget giant IndiGo had completed the reset on 184 out of 200 aircraft while Air India had done 69 of 113 impacted planes. Both were expected to complete the process on Saturday.

Taiwan, meanwhile, said around two-thirds of the 67 A320 and A321 aircraft operated by the island's carriers were affected.

ANA Holdings cancelled 95 flights on Saturday, affecting 13,500 travelers. Japan's biggest airline and affiliates such as Peach Aviation operate the most Airbus A320 jets in the country.

Rival Japan Airlines has a mostly Boeing fleet and does not fly the A320.

Jetstar, the budget carrier of Australia's flag carrier Qantas, said some of its flights would be affected.

South Korea's Transport Ministry said upgrades to 42 aircraft there were expected to be completed by Sunday morning.

American Airlines, the world's largest A320 operator, said 209 of its 480 jets needed the fix, below initial estimates, most of which it expected to complete by Saturday.

US carriers Delta Air Lines, JetBlue and United Airlines are also among the biggest A320-family operators.

Although Thanksgiving is critical for airlines in the United States, Strickland said the financial impact for European carriers would be cushioned by the fact that the recall happened during a lull before end-year holidays and the ski season.



China Says to Launch Digital Currency Action Plan

People walk past a shopping mall in Beijing on December 28, 2025. (AFP)
People walk past a shopping mall in Beijing on December 28, 2025. (AFP)
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China Says to Launch Digital Currency Action Plan

People walk past a shopping mall in Beijing on December 28, 2025. (AFP)
People walk past a shopping mall in Beijing on December 28, 2025. (AFP)

China will on January 1 launch an "action plan" for boosting management and operations of its digital currency, a deputy governor of the country's central bank said Monday.

"The future digital yuan will be a modern digital payment and circulation means issued and circulated within the financial system," People's Bank of China (PBoC) Deputy Governor Lu Lei wrote in Financial News, a media outlet under the central bank.

In the next step towards that goal, a "new generation" arrangement for digital yuan will be launched on January 1, Lu said, encompassing a "measurement framework, management system, operating mechanism and ecosystem".

The "action plan" will see banks pay interest on balances held by clients in digital yuan -- a move to incentivize broader adoption of the currency.

The plan also includes a proposal to establish an international digital yuan operations center in the eastern financial hub of Shanghai, the report said.

Monetary authorities around the world have in recent years been exploring ways to digitalize currencies, propelled by a boom in online payments during the pandemic and the increased popularity of cryptocurrencies such as bitcoin.

The PBoC has been working on a digital currency since 2014 and has been testing the use of a "digital yuan" or "e-CNY" in various pilot programs.

Consumers across the country already widely use mobile and online payments, but the digital yuan could allow the central bank -- rather than the big tech giants -- access to more data and control over payments.


Bulgaria Prepares for the Euro amid Excitement and Skepticism

People shop in a Lidl store, as prices are displayed in both the Bulgarian lev and euro currencies, ahead of Bulgaria's adoption of the euro on January 1, 2026, in Sofia, Bulgaria, December 18, 2025. (Reuters)
People shop in a Lidl store, as prices are displayed in both the Bulgarian lev and euro currencies, ahead of Bulgaria's adoption of the euro on January 1, 2026, in Sofia, Bulgaria, December 18, 2025. (Reuters)
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Bulgaria Prepares for the Euro amid Excitement and Skepticism

People shop in a Lidl store, as prices are displayed in both the Bulgarian lev and euro currencies, ahead of Bulgaria's adoption of the euro on January 1, 2026, in Sofia, Bulgaria, December 18, 2025. (Reuters)
People shop in a Lidl store, as prices are displayed in both the Bulgarian lev and euro currencies, ahead of Bulgaria's adoption of the euro on January 1, 2026, in Sofia, Bulgaria, December 18, 2025. (Reuters)

Bulgarian banks, businesses and shoppers were preparing this week to say goodbye to ​the lev currency ahead of a move to adopt the euro on January 1, a long-awaited milestone met with excitement, skepticism and, in some corners, anger.

Bulgaria, a Black Sea country on the European Union's southeast frontier, will be the 21st country to join the euro currency zone after it met the formal entry criteria this year, including for inflation, budget deficit, long-term borrowing costs and exchange-rate stability.

It comes two years after Croatia joined in January 2023 - the last country to do so - and ‌will push ‌the number of Europeans using the currency to more ‌than ⁠350 ​million. Becoming a ‌member of the euro zone, apart from using euro notes and coins, also means a seat at the European Central Bank's rate-setting Governing Council.

While successive Bulgarian governments have tried to make the step since joining the EU in 2007, the Balkan country of 6.7 million people is split on the issue, polls show, although businesses are largely in favor.

SUSPICIONS AMONG SOME BULGARIANS

Some fear it will push up prices, or are suspicious of ⁠a domestic political establishment in the throes of a crisis that saw the government step down this month ‌amid widespread protests against proposed tax increases.

In a country with ‍historic cultural and political ties to Russia, ‍many are wary of further allegiance to Europe.

“I am against it, first ‍because the lev is our national currency," said Sofia pensioner Emil Ivanov, interviewed while shopping. "Secondly, Europe is heading towards demise, which even the American president (Donald Trump) mentioned in the new national security strategy.

"I may not be alive when this (the EU's demise) happens but that is where everything ​is going."

BUSINESSES HAVE BEEN PREPARING

Some political analysts said the campaign promoting the euro has been weak, and that older people, especially in ⁠remote areas, will struggle to adapt. They said a lack of stable government may further complicate the change.

Still, in the streets and stores of Sofia, businesses have been preparing. Prices of everything from fruit to bottles of wine are displayed in both levs and euros. Government-funded billboards show the euro-lev exchange rate with a message saying: "Common past. Common future. Common currency." Television adverts have also flagged the coming change.

Some have welcomed the move. "Not only older people but also all young people can easily travel using euros instead of having to exchange currency," said Veselina Apostovlova, a pensioner shopping in Sofia.

Businesses that sell goods across borders were also supportive.

Natalia Gadjeva, owner of the Dragomir Estate Winery in the Thracian ‌Valley, told Reuters: "For me, the most important thing is that all operations involving currency conversion and reissuing invoices in euros and then in levs will be eliminated."


Oil Rises as Investors Weigh Outcome of Trump–Zelenskiy Meeting

Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (AP)
Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (AP)
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Oil Rises as Investors Weigh Outcome of Trump–Zelenskiy Meeting

Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (AP)
Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (AP)

Oil prices rose on Monday as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential ​deal to end the war in Ukraine, as well as Middle East tensions that could disrupt supply.

Brent crude futures rose 67 cents, or 1.1%, to $61.31 per barrel at 0751 GMT, while US West Texas Intermediate crude was up 65 cents, or 1.15%, to $57.39.

Both benchmark prices fell more than 2% on Friday as investors weighed a looming global supply glut and ‌the possibility of a ‌Ukraine peace deal ahead of weekend ‌talks between ⁠Ukrainian ​President ‌Volodymyr Zelenskiy and US President Donald Trump.

Trump said on Sunday that he and Zelenskiy were "getting a lot closer, maybe very close" to an agreement to end the war in Ukraine, while acknowledging that the fate of the disputed Donbas region remains a key unresolved issue.

The two leaders spoke at a ⁠joint press conference late Sunday afternoon after meeting at Trump's Mar-a-Lago resort in Florida. ‌Trump said it will be clear "in ‍a few weeks" whether negotiations to ‍end the war will succeed.

The peace talks did not ‍reach an agreement on territorial issues, so a Russia–Ukraine peace deal may remain deadlocked with no quick breakthrough, said Mingyu Gao, energy and chemical chief researcher at China Futures.

The reason prices are rising also includes ​that geopolitical tensions remain elevated, as Russia and Ukraine continued striking each other's energy infrastructure over the weekend, said Yang ⁠An, a China-based analyst at Haitong Futures.

"The Middle East has also been unsettled recently, in Yemen and Iran saying the country is in a 'full-scale war' with the US, Europe, and Israel. This may be what's driving market concerns about potential supply disruptions," Yang added.

WTI is expected to trade within a $55-$60 range with an eye also on US enforcement actions against Venezuelan oil shipments and any fallout from the US military strike against ISIS targets in Nigeria, which produces about 1.5 million barrels ‌per day, IG analyst Tony Sycamore said in a note.