Mubadala Breaks Ground on Airbus Deal
Association of Asia Pacific Airlines
Tim Clark is relieved, if only slightly, because the Emirates Airline president sees a less bleak future for the local carrier than he projected a few months ago. Following better-than-expected performance through the middle of this year, Clark believes that in 2010 the airline industry should benefit from increased consumer spending, unless the recession deepens or stock markets decline strongly.
While it might seem to have been only yesterday that Airbus launched the mighty A380–and scarcely five minutes since the double-deck widebody entered service with Singapore Airlines (SIA)–by the first quarter of 2010 there will be five carriers with almost 30 aircraft flying on many of the world’s most important routes.
Air New Zealand has ordered 14 Airbus A320s to replace its existing domestic fleet of 15 Boeing 737-300s. Valued at slightly more than $1 billion at list prices, the contract calls for deliveries to start in January 2011 and continue until 2016 to coincide with the expiration of 737-300 leases. ANZ has chosen IAE V2500 engines to power the A320s.
It might seem only months since Airbus launched the mighty A380-800, but the double-deck, quad-aisle superjumbo marked the second anniversary of its first commercial flight on October 25 and will soon have entered service with five airlines on many of the world’s most important routes.
Air France today took delivery of its first Airbus A380, the 20th delivered by Airbus since Singapore Airlines took the first superjumbo in October 2007. The French carrier expects to become the first European airline to fly the all-new, double-deck airliner when it begins scheduled services next month.
Boeing announced today that it would take a pre-tax charge against third-quarter financial results of approximately $1 billion “due to increased production costs and the difficult market conditions” associated with the 747-8 program.
Airbus confirmed to AIN today that it will build just 13 A380s this year, rather than the previously planned 14.
British Airways has delayed delivery of its first six Airbus A380s by an average of five months and the remaining six by an average of two years, the airline confirmed in a July 3 traffic release. Although it still expects first delivery of the big jets in 2012, under the terms of the new schedule the last airplane would not arrive until 2016.
The Qantas Group has reduced its firm order for 65 Boeing 787-9s by 15 airplanes, delayed first delivery of the type by three years and suspended delivery of its order for fifteen 787-8s for four years, the Australian flag carrier said in a statement today.