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 A380
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.
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.
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.
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.
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.
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.