Emirates President Tim Clark said he’s bracing for a “gathering storm” as low-cost airlines encroach on the inter-continental routes around which the biggest long-haul carrier has built its business. Dubai-based Emirates sees threats across all markets from rivals spanning Norwegian Air Shuttle ASA to the Scoot unit of Singapore Airlines Ltd., Clark said Thursday in Berlin.
Category: Civil Aircraft
Emirates Invites Barflies to Pull Up a Seat With A380 Makeover
Flying bars that cater to premium passengers on the world’s biggest fleet of A380 superjumbos are set for a saloon-style upgrade as Gulf carrier Emirates seeks to use the sky-high hangouts to lure affluent travelers. Out will go the semicircular benches on which passengers have perched since Emirates introduced the on-board lounges almost a decade ago, to be replaced by an altogether more comfortable setup featuring a table for four located either side of the counter and below the superjumbo’s windows.
Airbus profit dives on problems with A400M military jet
This Thursday, June 20, 2013, file photo shows an Airbus A400M performing its demonstration flight during the 50th Paris Air Show at Le Bourget airport, north of Paris, France. Surprise new costs for the long-troubled Airbus A400M military jet sent the European planemaker’s profits plunging last year despite a rise in commercial aircraft deliveries, Airbus reported Wednesday Feb. 22, 2017.
Airbus Earnings Slide on A350 Costs, A320Neo Engine Holdups
Airbus Group SE’s earnings fell 3.6 percent last year as a late surge in aircraft deliveries failed to offset costs from ramping up output of the A350 twin-aisle model and the impact of engine glitches that curbed handovers of the latest A320 narrow-body. Earnings before interest and tax before one-time items dropped to 3.96 billion euros in 2016 from 4.11 billion euros a year earlier, Toulouse, France-based Airbus said in a statement Wednesday.
United Hunts for Used Wide-Body Jets as Glut Leads to Bargains
United Continental Holdings Inc. is stepping up its hunt for used long-haul jetliners, as a glut of the largest passenger planes creates what the airline’s finance chief calls “tremendous opportunities.” Older aircraft often have similar technology as a newer one while offering lower ownership costs, Chief Financial Officer Andrew Levy told analysts and investors Tuesday.
Canada Defends Bombardier Aid as Brazil Moves on Trade Challenge
Innovation Minister Navdeep Bains said Canada’s financial aid package for Bombardier Inc. is consistent with trade rules, as Brazil pushed for a hearing in front of the World Trade Organization on what it considers unfair subsidies. The Brazilian government formally sought “consultations” early Wednesday with Canada in front of the WTO with the blessing of Bombardier’s South American rival Embraer SA, according to a statement from that company.
One of American, Delta, and United’s most feared rivals may be…
Since its founding in 2003, Etihad Airways has managed to storm its way to the forefront of the airline industry. This week, the airline’s parent company – Etihad Aviation Group – announced that long-time CEO James Hogan will step down from his post later this year.
Boeing Co. Investors Should Listen To This Company’s Outlook
Let’s take a look at what was said and what it means to the aviation industry and for Boeing. Management maintained the guidance it gave in October, so no surprises there.
Boeing 737 and Airbus A320 Production Increases Are Coming — Even With Slowing Orders
Historically, commercial jet orders have been sharply cyclical, with boom times followed by big busts. In the past year or two, order activity has slowed significantly at Boeing This order slowdown has made many analysts skeptical that Boeing and Airbus will be able to implement planned production increases for their 737 and A320 narrowbody jet families.
Boeing Scores a $22 Billion Win in Market Dominated by Airbus
Boeing Co. won a $22 billion deal from an Indian budget carrier, pulling off a feat in a single-aisle market ruled by its European rival Airbus SE.
Airbus Talks Up Its U.S. Credentials Ahead of Trump Presidency
Airbus Group SE, the chief rival of America’s biggest exporter Boeing Co., asserted its bona fides as a U.S. manufacturer a week before Donald Trump assumes the presidency after a campaign spent complaining about unfair trade. Having a factory in Mobile, Alabama, that employs more than 1,000 people making A320 single-aisle jets shows Airbus’s commitment to the U.S., one of the biggest markets for its aircraft, Fabrice Bregier, who runs the European planemaker’s jetliner arm, said in an interview Wednesday.
Airbus Retains Order Lead Over Boeing With Late Sales Surge
Airbus Group SE booked 320 jetliner orders in December alone to rack up 731 sales for the year, extending its backlog and beating Boeing Co. In the last month of 2016 Airbus sold 98 new planes to Iran Air and 72 to Go Airlines India Pvt., while two other transactions saw 132 narrow-bodies purchased by buyers whose identities weren’t disclosed, according to figures released by the Toulouse, France-based company Wednesday.
Etihad Airways Said to Seek $2.6 Billion for Boeing, Airbus Jets
Abu Dhabi-based carrier Etihad Airways PJSC is in talks with banks to raise about $2.6 billion in loans to finance aircraft deliveries, according to three people familiar with the matter. The airline is seeking to raise $2 billion in 12-year loans for 10 Boeing Co.
Boeing Said Near $10.1 Billion Order to Expand Toehold in India
Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners, giving the planemaker a stronger toehold in the world’s fastest growing aerospace market.
Boeing’s Biggest China Concern Isn’t a Trump Trade War: Gadfly
As if it wasn’t bad enough getting into a fight with the president-elect over the cost of Air Force One, Boeing Co. is facing problems from the other side of the Pacific.
Boeing Said Close to $10.1 Billion Order From India SpiceJet
Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion in the world’s fastest growing aerospace market.
Rolls Royce Shares Still Getting Crushed — Here’s New Reason Why
Rolls Royce stock slumped Thursday after analysts at JP Morgan cut their price target for the shares less than a month before the engine manufacturer reports full-year results. JP Morgan slashed its target to 730 pence , from 890 pence, in the latest sign of deteriorating investor sentiment toward the company – since it emerged Airbus has had to postpone a number of A380 deliveries.
Emirates receives first Rolls-Royce powered A380, resolves issues with engine maker
Emirates [EMIRA.UL], the world’s biggest long-haul airline, has taken delivery of its first Rolls-Royce engine-powered Airbus A380 superjumbo and has resolved its dispute with the engine maker over a technical issue. The A380 jet arrived in Dubai on Thursday morning, two days after Airbus said it would delay the delivery of 12 A380s to the airline over the next two years.
Airbus A380 Woes Deepen as Emirates Delay Accelerates Cost Cuts
Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest buyer, potentially pushing the program into the red. Handovers of six A380s apiece originally planned for 2017 and 2018 will be shifted to a year later following an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said Tuesday in an e-mailed statement.
Airbus’s A380 Woes Deepen as Top Buyer Emirates Delays Jets
Airbus Group SE’s struggles with its A380 superjumbo jet are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the tardier handovers, Airbus will accelerate cost cuts, according to an e-mailed company statement late Tuesday.
Airbus’s A380 Woes Deepen as Jets Delayed for Top Buyer Emirates
Airbus Group SE’s struggles with its A380 superjumbo jet are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the tardier handovers, Airbus will accelerate cost cuts, according to an e-mailed company statement Tuesday.
Airbus to Slow A380 Production in 2017 in Accord With Emirates
Airbus Group SE will put off a dozen deliveries of the A380 plane in the next two years following an agreement with Emirates, its largest customer for the model, as demand continues to fade for the double-decker. Handovers of six A380s apiece that were originally planned for 2017 and 2018 will be shifted to a year later following an agreement with Emirates and engine supplier Rolls-Royce Holdings Plc, the Toulouse, France-based planemaker said Tuesday in an e-mailed statement.
Airbus Seals Deal With Iran for Sale of Jets
Airbus finalizes an agreement to sell Iran Air 100 jets less than two weeks after Boeing inked a similar deal. European plane manufacturer Airbus says it’s sealed a deal to sell 100 jets to Iran, less than two weeks after American rival Boeing inked a similar contract.
Iran Drops A380s in Airbus Plan as Jet Struggles for Deals
Airbus Group SE suffered a blow to its already troubled A380 program when Iran, which had previously suggested it would buy the double-decker planes, said it had dropped the model as part of a wider fleet upgrade. Iran reduced its order with Airbus to 100 planes in a contract that will no longer include A380s, Farhad Parvaresh, Iran Air’s chief executive officer, said in a press conference in Tehran.