Airbus confirms order of 40 jets from Polish carrier
Airbus sealed a landmark order for 40 A220 jets from Polish national carrier LOT yesterday, marking the airline's largest-ever investment and signalling a broader reset in political ties between Poland and France.
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RTÉ News
3 days ago
- RTÉ News
Airbus seals VietJet deal as hopes rise at Paris Air Show for end to tariffs
Airbus struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Airshow today, where industry hopes of a return to tariff-free trade were given a boost by US Transport Secretary Sean Duffy. Sean Duffy said he wanted civil aviation to return to a 1979 zero-tariff trade agreement, in one of the clearest signs yet that the Trump administration might favour such a move. However, Duffy added that while the White House was aware that the US is a net exporter in aerospace, it was also dealing with a complex tariff situation. US President Donald Trump's 10% tariffs on nearly all airplane and parts imports are a headache for an industry already battling supply chain challenges and facing fresh turbulence from last week's deadly Air India crash and conflict in the Middle East. In early May, the US Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports. Airlines, planemakers and several US trading partners have been lobbying Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement. On day two of the air show, European planemaker Airbus said it had signed a memorandum of understanding for VietJet to buy 100 A321neo planes, with the option to buy up to 50 more in future. The agreement confirmed an earlier Reuters story. A deal for 150 A321neos could be worth around $9.4 billion, according to estimated prices provided by Cirium Ascend. The agreement was the latest in a flurry of business announced by Airbus at the world's biggest aviation trade fair. US rival Boeing is expected to have a more subdued show as it focuses on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during Trump's recent tour of the Middle East. On the defence side of the show, Leonardo chair Stefano Pontecorvo said the Italian group had bought a European cybersecurity company to strengthen its position in an area seen as increasingly important in new combat systems.
Irish Independent
4 days ago
- Irish Independent
Airbus confirms order of 40 jets from Polish carrier
Airbus sealed a landmark order for 40 A220 jets from Polish national carrier LOT yesterday, marking the airline's largest-ever investment and signalling a broader reset in political ties between Poland and France.
RTÉ News
12-06-2025
- RTÉ News
Airbus can hit delivery goal despite delays, CEO says
Airbus is "cautiously hopeful" that it can meet a 2025 target of 820 deliveries despite bottlenecks that have left nearly 40 completed airframes parked at its factories waiting for engines, the CEO of its core planemaking business said. While overall supply chains have "improved significantly," bottlenecks remain in the supply of CFM engines for single-aisles and cabin interiors for wide-body jets, with lavatories joining the list of delays, Christian Scherer said. "We haven't changed our (delivery) guidance. I caution you not to extrapolate too much from monthly numbers," Scherer told reporters, following a recent spate of monthly declines in deliveries compared to last year. "There is a gradual increase in output of engines that we get from CFM. The reason we have not changed our outlook for the year is because we believe that between now and the end of the year we will get the engines," he said. "So it is a gradual increase - a little behind the curve at the we are cautiously hopeful that it can be done," he added. Co-owned by GE Aerospace and France's Safran, CFM supplies more than half of the engines used on the best-selling Airbus A320neo family, competing with alternative engines from Pratt & Whitney. CFM also exclusively supplies the Boeing 737 MAX with a different engine variant. "We have nearly 40 gliders parked across our system," Scherer said, using the planemaker's nickname for planes that are otherwise complete but unable to be delivered to airlines as they wait for their engines, which are sold separately. CFM could not immediately be reached for comment. Its top executives have said it has seen improvements in its own supply chain and it is poised to recover from a slow start to the year. On underlying jet production, a barometer for supply chains, Scherer said Airbus was on its way towards a goal of assembling 75 A320neo-family jets a month in 2027. Most analysts remain cautious about when the already delayed goal can be reached. "On single-aisle (A320neo-family) we are on track to do that (75 a month) and we are just cruising past 60 (a month). We are trending in the right direction into the 60s," Scherer said. Airbus rarely discusses detailed monthly production goals in public, having dropped an interim target of 65 a month in 2023. Reuters reported in January that Airbus was closing in on production of 60 jets a month, around pre-Covid levels. Scherer was speaking during briefings on Airbus market forecasts and products ahead of the Paris Airshow next week.
