Airbus stealing limelight at Paris show
Source: Agencies |
June 22, 2011, Wednesday
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AIRBUS benefited yesterday from airlines' worries about sky-high fuel prices, winning customers for scores of its more fuel-efficient planes at the Paris Air Show as it jockeyed with Boeing for the spot as world's biggest plane maker.
Europe's Airbus sought to focus on its order books after it suffered a clipped wing, faulty gearbox and delays to a new jet ahead of the aviation industry's showcase event.
The star of this year's air show so far is a plane that won't be airborne until at least 2015: the Airbus A320neo. It is a revamped version of the workhorse A320 family of single-aisle short and medium haul aircraft, but with more fuel-efficient engines.
As oil prices have jumped higher this year, the plane has become the company's fastest selling model.
US airline JetBlue Airways announced yesterday it has committed to buy 40 A320neos, and upgraded its order of 30 A320 aircraft to the larger A321 model with wingtips modified to get greater fuel efficiency.
Airbus also received a commitment for 50 A320neos from US aircraft leasing company CIT Group.
A320neos have a list price of about US$106 million, valuing the deal at up to US$5.3 billion, but airlines often negotiate substantial discounts.
Taiwan's airline TransAsia Airways ordered six A321neos while Indonesian airline Garuda committed to buy 15 A320s and 10 A320neos.
Though Airbus' fuel-efficient planes stole the limelight, US rival Boeing also piled up new contracts.
It announced a deal with Aeroflot for eight Boeing 777-300ER jets, worth US$2.27 billion. Low-cost Nordic carrier Norwegian Air Shuttle announced an order for 15 Boeing 737-800 planes, worth US$1.2 billion at list prices.
Beyond the race to announce orders, Airbus made official a deal with Rolls Royce to supply new, more powerful engines for a revamped version of the A350-1000, a stretched model of Airbus A350 wide-bodied medium to long haul jets.
Airbus said on Saturday it was delaying the first delivery of the A350-1000 version by two years until 2017, because it said customers demanded a more powerful engine. Airbus says the jet will burn 25 percent less fuel than Boeing's 777-300ER, its main competitor.
Airbus brought in orders and commitments for 263 planes worth a total of US$26.1 billion so far this week.
Europe's Airbus sought to focus on its order books after it suffered a clipped wing, faulty gearbox and delays to a new jet ahead of the aviation industry's showcase event.
The star of this year's air show so far is a plane that won't be airborne until at least 2015: the Airbus A320neo. It is a revamped version of the workhorse A320 family of single-aisle short and medium haul aircraft, but with more fuel-efficient engines.
As oil prices have jumped higher this year, the plane has become the company's fastest selling model.
US airline JetBlue Airways announced yesterday it has committed to buy 40 A320neos, and upgraded its order of 30 A320 aircraft to the larger A321 model with wingtips modified to get greater fuel efficiency.
Airbus also received a commitment for 50 A320neos from US aircraft leasing company CIT Group.
A320neos have a list price of about US$106 million, valuing the deal at up to US$5.3 billion, but airlines often negotiate substantial discounts.
Taiwan's airline TransAsia Airways ordered six A321neos while Indonesian airline Garuda committed to buy 15 A320s and 10 A320neos.
Though Airbus' fuel-efficient planes stole the limelight, US rival Boeing also piled up new contracts.
It announced a deal with Aeroflot for eight Boeing 777-300ER jets, worth US$2.27 billion. Low-cost Nordic carrier Norwegian Air Shuttle announced an order for 15 Boeing 737-800 planes, worth US$1.2 billion at list prices.
Beyond the race to announce orders, Airbus made official a deal with Rolls Royce to supply new, more powerful engines for a revamped version of the A350-1000, a stretched model of Airbus A350 wide-bodied medium to long haul jets.
Airbus said on Saturday it was delaying the first delivery of the A350-1000 version by two years until 2017, because it said customers demanded a more powerful engine. Airbus says the jet will burn 25 percent less fuel than Boeing's 777-300ER, its main competitor.
Airbus brought in orders and commitments for 263 planes worth a total of US$26.1 billion so far this week.
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