Record Airbus deliveries in 2012 proved a big factor in boosting the group revenues of parent EADS by 15 percent last year, and a strengthened U.S. dollar improved the return on sales. But at last week’s EADS annual results press conference, the group characterized 2013 as a critical year in terms of ensuring that the costs associated with both the A380 and A350XWB programs do not drag down profitability any more than they already have done.
Los Angeles-based Air Lease Corporation (ALC) has placed a new firm order for 25 Airbus A350XWBs and converted options on 14 A321neos, the European manufacturer announced on Monday. The A350 contract calls for deliveries of 20 A350-900s and five A350-1000s and raises the total backlog for the new composite-bodied airliner to 617.
Airbus has raised its sales target for 2013 to 700 airliners after surpassing its target of 650 for last year with gross orders for 914 airplanes and a net order count of 833 after cancellations. But the European airframer has acknowledged that it is especially eager to get sales of its A380 widebody back on track after logging orders for only nine of the superjumbos in 2012.
Singapore Airlines has completed a firm order for 25 more widebody aircraft from Airbus, comprising five A380 superjumbos and 20 A350-900s. The parties signed the firm order in December, some two months after Singapore announced its intention to enter into the contract.
Singapore Airlines (SIA) has agreed to place a $7.5 billion order with Airbus for another five A380s and 20 A350-900s, the carrier announced on Wednesday. Delivery schedules call for the first airplane to arrive in Singapore in 2017.
Fuel efficiency and its effect on the useful life of aging aircraft is a dominant factor in the thinking of aircraft leasing companies, which are increasingly helping credit-squeezed carriers to refresh their fleets. Their presence in the market for airliner acquisition has continued to grow in the last two decades, with operating leases now thought to account for almost 40 percent of total deals today.
Cathay Pacific Airlines has confirmed its plan to replace its aging Boeing 747-400 fleet with Airbus A350-1000s in a new $4.2 billion deal signed at the Farnborough International airshow yesterday. The Hong Kong-based carrier has placed new orders for 10 aircraft, and will convert 16 existing orders for the A350-900 into the larger variant.
Malaysia Airlines has signed up for Rolls-Royce’s TotalCare support program for the Trent 900 engines on its fleet of six Airbus A380s. It already has the customer support arrangement for the Trent 800 turbofans on its fleet of 17 Boeing 777s.
Arkia Israeli Airlines has signed a purchase agreement for four Airbus A321neos here at the Farnborough International airshow. A new Airbus customer, Arkia will use its aircraft in an all-economy class configuration, seating 220 passengers. Engine selection will be announced later, Airbus said.
Forecasting order announcements for engines worth up to $10 billion by the end of this week’s Farnborough International airshow, GE Aviation president and chief executive David Joyce described the atmosphere so far as “more subdued” than the “wild” Paris Air Show last year, but nevertheless still “very positive.” Joyce cited backlogs of “six to seven years” for General Electric’s <a href=”http://www.ainonline.com/aviation-news/2012-07-09/electric-taxi-systems-…