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: Airbus A330
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.
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.