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.
Association of Asia Pacific Airlines
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.
Air Austral selected the Engine Alliance GP7200 to power the pair of Airbus A380s it has ordered. Air Austral also chose Engine Alliance as its service provider to maintain, repair and overhaul its A380 engines as part of a 10-year fleet management agreement. The value of the deal, signed here yesterday, totals $240 million at list prices.
As part of the launch of its “new reality” simulator and services portfolio, Thales assembled a high-level panel of simulation and training industry professionals to discuss the challenges facing their industry as a result of falling margins, increasing overhead and more aggressive competition.
To celebrate the adoption of its latest livery, Air France is conducting an international photography contest with the theme of “Air France Livery: Yesterday, Today and Tomorrow.” Open to everyone, the contest seeks to identify the best photographs of Air France aircraft from 1946 to the airline’s newest color scheme unveiled in April.
After little more than 18 months’ service, the Airbus A380 very large airliner is delivering on the manufacturer’s commitments, including lowest fuel burn and operating cost and increased revenues and operators’ market share. “The A3XX [as the program was originally identified] promised a lot and the A380 delivers,” said product marketing director Richard Carcaillet.
Short-haul operators in Europe have been seeing almost no growth in passenger numbers and have struggled to reduce capacity to offset lower traffic as the global economic downturn has turned to recession. After a disappointing 2008 that saw load factors fall, European Regions Airline Association (ERA) members now suffer “a considerable worsening” in demand.
Qantas Airways said it would defer delivery of four Airbus A380s and 12 Boeing 737-800s by about a year today as it announced a series of steps to counter its first projected second-half loss in six years.