Latest news with #A220-300
UPI
12 hours ago
- Business
- UPI
Paris Air Show: Airbus gets nearly $21 billion in orders
Airbus executive vice president for sales of the commercial aircraft business, Benoit de Saint-Exupery (L), the Airbus chief executive officer of the commercial aircraft business Christian Scherer (C) and the chief executive officer of LOT Polish Airlines, Michal Fijol show agreement documents for purchasing Airbus A220-100 and A220-300 passenger jets at the 55th edition of the International Paris Air Show on Monday. Photo by Christophe Petit Tesson/ EPA-EFE June 19 (UPI) -- During the Paris Air Show, Airbus on Thursday reported robust orders of nearly $21 billion, while Boeing was in the background as it struggles with a host of issues. The European aircraft manufacturer reported 142 firm orders and an additional 102 jets under provisional agreements. Airbus customers include Saudi lessor AviLease and LOT Polish Airlines, with 40 orders each. All Nippon Airways ordered 27 jets and Riyadh Air ordered 25 A350-1000 wide bodies. Starlux in Taiwan ordered 10 Airbus airliners and EgyptAir expanded an order from 10 to 16 jets. Boeing kept a low profile at the Paris Air Show, but recently got a Qatar Airways 210 airliner order during an official U.S. government diplomatic visit in the Middle East. Despite Airbus orders surging at the air show, both aircraft manufacturers are experiencing backlogged orders as they continue to face supply issues. Air Lease Corp CEO John Plueger told CNBC, "Both Airbus and Boeing are all sold out to 2031 and '32 anyway. So how many follow-on orders into the '33, '34, '35 time frame are you really going to see? ... But overall, the demand environment remains very robust." An Airbus order and delivery summary as of May 2025 shows total orders at 24,836. Boeing did not do aircraft fly-bys or major promotions at the Paris show. CEO Kelly Ortberg was to attend, but that plan was disrupted by the Air India Boeing Dreamliner crash, which claimed at least 280 lives, including 39 people on the ground.
Cision Canada
3 days ago
- Business
- Cision Canada
Readout - Prime Minister Carney meets with President of France Emmanuel Macron Français
KANANASKIS, AB, June 16, 2025 /CNW/ - Today, the Prime Minister, Mark Carney, met with the President of France, Emmanuel Macron, at the 2025 G7 Leaders' Summit in Kananaskis, Alberta. Canada and France have a long shared history and a commitment to protecting common bonds in our culture and the French language. Building on Prime Minister Carney's visit to France earlier this year, the two leaders discussed their ongoing work to strengthen trade and commercial ties and deliver prosperity for Canada and France alike. Prime Minister Carney and President Macron discussed bolstering co-operation on shared priorities such as critical minerals, energy security, bilateral investment, artificial intelligence, and quantum technology. The leaders welcome the announcement today of a deal between LOT Polish Airlines and Airbus, which includes the purchase of 20 A220-100 and 20 A220-300 aircraft. The aircraft are designed and developed in Canada, and manufactured in Mirabel, Quebec, by Airbus, working with Canadian supply chain partners. This deal will support thousands of good-paying jobs in Canada and France. Prime Minister Carney and President Macron also emphasized the growing partnership between Canada and France on cybersecurity and intelligence sharing. They welcome the new memorandum of understanding signed on June 13 to increase exchanges related to intelligence between our two countries. The leaders discussed their support for Ukraine's sovereignty, the imperative of an immediate ceasefire in Gaza, and the situation in Haiti. They agreed to remain in close contact. This document is also available at
Mint
4 days ago
- Business
- Mint
Airbus eyes to expand A220 jet capacity amid dwindling demand
(Bloomberg) -- Airbus SE has been sounding out customers appetite for a longer version of its A220-300 jet that would give airlines more seating capacity but at the expense of range. With the Paris Air Show kicking off on Monday, the plane that's been dubbed the A220-500 is again back in focus. Airbus is hoping to win fresh deals for its existing A220, including from AirAsia for as many as 100 units, people familiar with the talks have said. The European planemaker has been saying for years that it was a matter of when, not if, it moves forward with a bigger version of the airliner. Such a derivative would create a more modern alternative to the smaller variants of its A320 family and take on Boeing Co.'s 737 Max, without the US company having an obvious response. Airbus needs to rekindle demand for the aircraft given the A220 has a dwindling backlog and remains unprofitable. Total net sales shrunk by 10 units since the beginning of last year. The aircraft also hasn't picked up a single new order so far this year, instead suffering one cancellation. The backlog stood at just under 500 at the end of May. The company favors a simpler engineering approach that maintains the same wing and engine to the existing planes, according to people familiar with the planemaker's conversations with customers. While that option would mean a trade-off with range — including an inability to fly coast to coast in the US — it would enhance capacity and require a less complex and expensive development process that could take years to complete, said the people, who asked not to be identified discussing private deliberations. The people cautioned that a simple stretch version is one of the options being considered, and that a final decision hasn't been made, with the timing still in flux. An Airbus spokesperson said the company will continue to invest in the A220 platform and that the company will explore all options. Any decisions on future variants 'are not made until they are made,' the official said. The planemaker inherited the engineering studies for a third A220 model when it took control of the jetliner family from cash-strapped Bombardier Inc. in 2018. Bombardier designed the aircraft then called the C-Series but struggled to build sufficient sales. A larger A220 variant would create a new narrowbody offering in a market starved for next-generation jets. Both Airbus and Boeing are sold out into the next decade for their popular A320 and 737 airliners, and neither company is close to coming out with an all-new model to replace the workhorses of the industry. The version being floated to airline customers would lengthen the fuselage of the A220-300. Another benefit of a more straightforward stretch is that such a version would likely face fewer certification hurdles with regulators, given the overlap between its design and the aircraft currently in service. The approach is popular with customers like Air France-KLM, which doesn't need the longer transcontinental in demand with US airlines. But the trade-off over range might be a dealbreaker for some A220 operators, particularly US carriers plying the lucrative transcontinental routes, some of the people said. Still, it would save Airbus from having to seek a new engine model from Pratt at a time when the supplier is dealing with a costly repair program for its GTF-model family that has grounded hundreds of planes. A larger turbine would necessitate a redesign of the wing and the pylons from which it hangs, investments that could quickly run into the billions of dollars for Airbus and its suppliers.
Business Insider
4 days ago
- Business
- Business Insider
Airbus test demand for longer version of its A220-300, Bloomberg says
Airbus (EADSY) is testing customers' appetite for a longer version of its A220-300 jet that would give airlines more seating capacity, but less range, Siddharth Vikram Philip and Julie Johnsson of Bloomberg reports. With the Paris Air Show beginning on Monday, the plane dubbed A220-500 is back in focus and the company is hoping to win fresh deals for its existing A220, people familiar with the talks said. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Business Times
4 days ago
- Business
- Business Times
Airbus is studying simple A220 stretch to revive flagging model
[LONDON] Airbus has been sounding out customers appetite for a longer version of its A220-300 jet that would give airlines more seating capacity but at the expense of range. With the Paris Air Show kicking off on Monday (Jun 16), the plane that's been dubbed the A220-500 is again back in focus. Airbus is hoping to win fresh deals for its existing A220, including from AirAsia for as many as 100 units, people familiar with the talks have said. The European planemaker has been saying for years that it was a matter of when, not if, it moves forward with a bigger version of the airliner. Such a derivative would create a more modern alternative to the smaller variants of its A320 family and take on Boeing's 737 Max, without the US company having an obvious response. Airbus needs to rekindle demand for the aircraft given the A220 has a dwindling backlog and remains unprofitable. Total net sales shrunk by 10 units since the beginning of last year. The aircraft also has not picked up a single new order so far this year, instead suffering one cancellation. The backlog stood at just under 500 at the end of May. The company favours a simpler engineering approach that maintains the same wing and engine to the existing planes, according to sources familiar with the planemaker's conversations with customers. While that option would mean a trade-off with range – including an inability to fly coast to coast in the US – it would enhance capacity and require a less complex and expensive development process that could take years to complete, said the sources, who asked not to be identified discussing private deliberations. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The sources cautioned that a simple stretch version is one of the options being considered, and that a final decision has not been made, with the timing still in flux. An Airbus spokesperson said the company will continue to invest in the A220 platform and that the company will explore all options. Any decisions on future variants 'are not made until they are made', the official said. The planemaker inherited the engineering studies for a third A220 model when it took control of the jetliner family from cash-strapped Bombardier in 2018. Bombardier designed the aircraft then called the C-Series but struggled to build sufficient sales. A larger A220 variant would create a new narrowbody offering in a market starved for next-generation jets. Both Airbus and Boeing are sold out into the next decade for their popular A320 and 737 airliners, and neither company is close to coming out with an all-new model to replace the workhorses of the industry. The version being floated to airline customers would lengthen the fuselage of the A220-300. Another benefit of a more straightforward stretch is that such a version would likely face fewer certification hurdles with regulators, given the overlap between its design and the aircraft currently in service. The approach is popular with customers such as Air France-KLM, which does not need the longer transcontinental in demand with US airlines. But the trade-off over range might be a dealbreaker for some A220 operators, particularly US carriers plying the lucrative transcontinental routes, some of the sources said. Still, it would save Airbus from having to seek a new engine model from Pratt at a time when the supplier is dealing with a costly repair programme for its GTF-model family that has grounded hundreds of planes. A larger turbine would necessitate a redesign of the wing and the pylons from which it hangs, investments that could quickly run into the billions of US dollars for Airbus and its suppliers. BLOOMBERG
