Airbus Says Most of Its Recalled 6,000 A320 Jets Now Modified

 A screen displays delays in IndiGo flights at the Indira Gandhi International Airport in Delhi, India, November 29, 2025. (Reuters)
A screen displays delays in IndiGo flights at the Indira Gandhi International Airport in Delhi, India, November 29, 2025. (Reuters)
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Airbus Says Most of Its Recalled 6,000 A320 Jets Now Modified

 A screen displays delays in IndiGo flights at the Indira Gandhi International Airport in Delhi, India, November 29, 2025. (Reuters)
A screen displays delays in IndiGo flights at the Indira Gandhi International Airport in Delhi, India, November 29, 2025. (Reuters)

Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320.

Airbus said on Monday that the vast majority of around 6,000 of its A320-family fleet affected by the safety alert had been modified, with fewer than 100 jets still requiring work.

But some require a longer process and Colombia's Avianca continued to halt bookings for dates until December 8.

Sources familiar with the matter said the unprecedented decision to recall about half the A320-family fleet was taken shortly after the possible but unproven link to a drop in altitude on the JetBlue jet emerged late last week.

Shares in Airbus were down 2.1% in early trading in Paris.

PLANES GROUNDED DURING THANKSGIVING WEEKEND

Following talks with regulators, Airbus issued its 8-page alert to hundreds of operators on Friday, effectively ordering a temporary grounding by ordering the repair before next flight.

"The thing hit us about 9 p.m. (Jeddah time) and I was back in here about 9:30. I was actually quite surprised how quickly we got through it: there are always complexities," said Steven Greenway, CEO of Saudi budget carrier Flyadeal.

The instruction was seen as the broadest emergency recall in the company's history and raised immediate concerns of travel disruption, particularly during the busy US Thanksgiving weekend.

The sweeping warning exposed the fact that Airbus does not have full real-time awareness of which software version is used given reporting lags, industry sources said.

IMPACT REVISED DOWN

At first airlines struggled to gauge the impact since the blanket alert lacked affected jets' serial numbers. A Finnair passenger said a flight was delayed on the tarmac for checks.

Over 24 hours, engineers zeroed in on individual jets.

Several airlines revised down estimates of the number of jets impacted and time needed for the work, which Airbus initially pegged at three hours per plane.

"It has come down a lot," an industry source said on Sunday, referring to the overall number of aircraft affected.

The fix involved reverting to an earlier version of software that handles the nose angle. It involves uploading the previous version via a cable from a device called a data loader, which is carried into the cockpit to prevent cyberattacks.

At least one major airline faced delays because it lacked enough data loaders to handle dozens of jets in such a short time, according to an executive speaking privately.

UK's easyJet and Wizz Air said on Monday they had completed the updates over the weekend without cancelling any flights.

JetBlue said late Sunday it expected to have completed work to return to service 137 of 150 impacted aircraft by Monday and plans to cancel approximately 20 flights for Monday due to the issue.

SOME OLDER A320 JETS NEED NEW COMPUTER, NOT RESET

Questions remain over a subset of generally older A320-family jets that will need a new computer rather than a mere software reset. The number of those involved has been reduced below initial estimates of 1,000, industry sources said.

Industry executives said the weekend furor highlighted changes in the industry's playbook since the Boeing 737 MAX crisis, in which the US planemaker was heavily criticized over its handling of fatal crashes blamed on a software design error.

It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis. CEO Guillaume Faury publicly apologized in a deliberate shift of tone for an industry beset by lawsuits and conservative public relations. Boeing has also declared itself more open.

"Is Airbus acting with the Boeing MAX crisis in mind? Absolutely — every company in the aviation sector is," said Ronn Torossian, chairman of New York-based 5W Public Relations.

"Boeing paid the reputational price for hesitation and opacity. Airbus clearly wants to show... a willingness to say, ‘We could have done better.’ That resonates with regulators, customers, and the flying public."



Gold Heads for Steep Weekly Loss as Oil Prices Fuel Fed Rate Concerns

British gold bars and Sovereign gold coins are displayed at Baird & Co. in Hatton Garden, London (Reuters)
British gold bars and Sovereign gold coins are displayed at Baird & Co. in Hatton Garden, London (Reuters)
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Gold Heads for Steep Weekly Loss as Oil Prices Fuel Fed Rate Concerns

British gold bars and Sovereign gold coins are displayed at Baird & Co. in Hatton Garden, London (Reuters)
British gold bars and Sovereign gold coins are displayed at Baird & Co. in Hatton Garden, London (Reuters)

Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meeting.

Spot gold eased 0.1% to $4,021.04 per ounce by 0554 GMT, paring losses slightly after touching its lowest level since July 20 earlier in the session. The metal has fallen ‌3.6% so far ‌this week, putting it on track for ‌its ⁠worst week since June.

US ⁠gold futures for December delivery dropped 0.6% to $4,035.50.

Speculators are trying to defend the key $4,000 level for gold because a clean break below would signal that the market has stopped pricing rate relief and started pricing sticky inflation, elevated yields, and a stronger dollar, said Monte Safieddine, head of market research at Capital.com.

Oil ⁠prices rose on Friday after Houthi attacks in ‌Saudi Arabia stoked concerns of further ‌disruption to energy supplies from the Middle East.

Elevated energy prices bolster expectations ‌of higher-for-longer interest rates by the Fed, increasing the opportunity cost ‌of holding non-yielding bullion.

"Any further escalation on the geopolitical front risks pushing oil even higher. Higher oil is reviving inflation fears, lifting yields, and delaying Fed easing. That is a difficult cocktail for bullion," ‌Safieddine added.

Focus has turned to the Fed's October 27-28 policy meeting and next week's Personal ⁠Consumption Expenditures ⁠data, a closely watched gauge because it is the central bank's preferred inflation measure for its 2% inflation target.

Traders are largely expecting the central bank to leave interest rates unchanged next week, but expectations for an interest rate hike in December remain at 76%.

Meanwhile, analysts at HSBC cut their average 2026 platinum and palladium price forecasts in a research note on Thursday, citing shifting market fundamentals and investor liquidation.

Among other metals, spot silver slid 0.4% to $54.31 per ounce, platinum rose 0.3% to $1,574.33 and palladium gained 0.3% to $1,056.49.

However, all three metals were headed for weekly declines.


UK Govt Promises to Save Businesses £800 Million in Paperwork and Tariffs

 Britain's Prime Minister Andy Burnham meets pharmacy staff before receiving an annual seasonal flu vaccination at Kapoor Pharmacy Services in Chorlton-cum-Hardy in Manchester on October 22, 2026. (AFP)
Britain's Prime Minister Andy Burnham meets pharmacy staff before receiving an annual seasonal flu vaccination at Kapoor Pharmacy Services in Chorlton-cum-Hardy in Manchester on October 22, 2026. (AFP)
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UK Govt Promises to Save Businesses £800 Million in Paperwork and Tariffs

 Britain's Prime Minister Andy Burnham meets pharmacy staff before receiving an annual seasonal flu vaccination at Kapoor Pharmacy Services in Chorlton-cum-Hardy in Manchester on October 22, 2026. (AFP)
Britain's Prime Minister Andy Burnham meets pharmacy staff before receiving an annual seasonal flu vaccination at Kapoor Pharmacy Services in Chorlton-cum-Hardy in Manchester on October 22, 2026. (AFP)

British ‌Prime Minister Andy Burnham said on Friday his government would help businesses save almost £800 million ($1 billion) a year by cutting back on paperwork and extending the suspension of some trade tariffs.

Speaking ahead of his government's first annual budget statement ‌next week, Burnham ‌said the measures ‌would ⁠give businesses "breathing space to ⁠grow".

The changes would make compliance guidance simpler and easier for small firms, saving £290 million, and extend £155 million of import tariff suspensions on 250 products ⁠used by businesses, Britain's finance ‌ministry ‌said.

Another measure would reduce duplicative reporting ‌burdens for asset management firms, ‌saving £105 million, and remove £116 million in costs for businesses involved in residential property transactions, the government said in ‌a statement.

British finance minister John Healey is due ⁠to ⁠announce his first budget on Wednesday next week and he has promised to reduce the cost of business as well as help households with the high cost of living – though his ambitions will be limited by the fragile state of the public finances.


Oil Prices Rise as Supply Concerns Linger amid Middle East Attacks

Oil pumps operate after sunset outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Reuters)
Oil pumps operate after sunset outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Reuters)
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Oil Prices Rise as Supply Concerns Linger amid Middle East Attacks

Oil pumps operate after sunset outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Reuters)
Oil pumps operate after sunset outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Reuters)

Oil prices rose on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East.

Brent crude futures climbed 58 cents, or 0.5%, to $113.75 a barrel as of 0439 GMT, while US West Texas Intermediate crude futures rose 66 cents, or 0.7%, to $100.13.

On a weekly basis, Brent, which settled at its highest since May 4 on Thursday, is set to close higher for a third ‌successive week, while WTI ‌is on track to finish lower, ‌following ⁠two weeks of gains.

"Markets are increasingly worried about renewed escalation in the Gulf, a scenario that could threaten oil ⁠flows that have so far remained remarkably ‌resilient," ING analysts said in a ‌note on Friday.

"Re-escalation seems the most likely path. Even ‌if tensions don't re-escalate, the mere possibility is likely ‌to keep a sizeable geopolitical risk premium embedded in prices."

"The key factors ⁠to monitor ⁠now are the extent of actual disruption and the time needed to restore operations, as these will ultimately determine how much of a supply risk premium the market is willing to pay," said Linh Tran, an analyst at XS.com.

"If attacks persist and delay deliveries, elevated prices will have a firmer foundation."

In Libya, an oil pipeline valve from the Hamada and Tahara oilfields to Zawiya port has been shut, leading to a reduction in production at both fields, the head of the National Oil Corporation told Reuters on Thursday.