La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Coronavirus: During the epidemic, Airbus delivers planes electronically

Continue its activity while avoiding customers to move to its sites in the midst of a coronavirus epidemic. This is Airbus’s approach with its electronic aircraft delivery process.
Coronavirus - During the epidemic, Airbus delivers planes electronically

This ensures "the continuation of the delivery flow of Airbus aircraft, while integrating health and safety requirements" and that customers, who cannot travel in particular due to border closings, can sign the documents of delivery, explains in a press release the European aircraft manufacturer. A significant portion of the aircraft is payable on delivery. Airbus delivered 122 aircraft in the first quarter. Another 60 were produced but could not be delivered due to the epidemic.

Half of current deliveries affected

A virtual platform, dubbed “e-Sales Contracts”, allows “to be able to maintain the business, to be able to sign the planes without having a physical presence of the signatories”, explained Alain Vilanove, vice-president in charge of contractual deliveries. This procedure allows the electronic transfer of the title deed in a secure way in place of the traditional and formal "signing ceremony". Set up about 15 months ago, it has since involved nearly 50 deliveries and half of the deliveries currently, according to Alain Vilanove.

Handing over an aircraft to a customer is a cumbersome process, which takes three to four days for a medium haul and eight to ten days for a widebody. It relates first of all to the technical acceptance of the aircraft (TAC) tasks which include in particular the inspection of the aircraft on the ground, any “minor cosmetic alterations” and the acceptance test flight, according to the aircraft manufacturer.

Despite border closures

These tasks can be delegated to an Airbus representative, who will then act on behalf of the client company, or to a third party company. Then come the signing of all the documents and the delivery flight to the customer base.

On April 9, Turkish carrier Pegasus Airlines was the first to adopt this end-to-end remote process. Two of its pilots obtained an exemption to land with a private plane on the site of Airbus in Hamburg and to leave less than three hours after at the controls of an A321neo. Two A320neos have since been delivered to Pegasus using this process, despite the closure of the EU’s borders.