Washington, April 24 -- Commercial aircraft company Airbus has been granted a waiver by Canada permitting it to use Russian titanium in its manufacturing after the country banned the metal in its latest sanctions related to the Ukrainian conflict, the media reported on Tuesday.

"Airbus is aware of the Canadian government imposing sanctions on VSMPO and has obtained the necessary authorization to secure Airbus operations in compliance with the applicable sanctions," Airbus Canada is quoted as saying in the report.

The waiver will allow the company to continue operations in Canada without manufacturing delays and assuage worry that the recent sanctions could effectively ban the import of Airbus's European-built jets, which rely heavily on t...