Latest news with #A321neo
Local Spain
a day ago
- Business
- Local Spain
Spain's Iberia set to launch new flight routes to US and Canada
The new planes will help turn Madrid's Barajas airport "into a major European hub and enhance Spain's global connectivity", Iberia CEO Marco Sansavini said in a statement. Iberia plans to grow its network with new routes from Madrid to Toronto, Canada's largest city, as well as to Philadelphia and Orlando in the United States, Monterrey in northern Mexico and Recife and Fortaleza in Brazil. Iberia is also analysing other locations in the Americas "with potential to increase frequencies," including San Juan (Puerto Rico), San Francisco (USA), Santo Domingo, Caracas, Guayaquil, Lima, Santiago de Chile, Rio de Janeiro, and Sao Paulo. It also intends to renew its short- and medium-haul fleet, replacing nearly all older-generation aircraft with more efficient and less polluting Airbus A320 and A321neo models. The plane purchases are part of Iberia's new strategic plan for the coming years, which also includes building a new premium lounge at Madrid airport and increased use of AI to improve customer service. Iberia plans to invest €6 billion ($6.9 billion) as part of the plan. IAG, owner of Iberia and British Airways, announced in May a multi-billion-dollar order for Boeing and Airbus planes for delivery from 2028 to 2033. In 2024, the company's full-year net profit hit €2.7 billion, an increase of three percent compared with a year earlier.
Gulf Today
2 days ago
- Business
- Gulf Today
Airbus seals VietJet deal as hopes rise at air show for tariff rollback
Airbus struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Airshow, where industry hopes for a return to tariff-free trade were given a boost by US Transport Secretary Sean Duffy. 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. 'Now, again, you look at what free trade has done for aviation. It's been remarkable for them. It's a great space of net exporters,' he said. 'And so the White House understands that, but if you go over there and you see the moving parts of what they're dealing with, it is pretty intense and it's a lot.' US President Donald Trump's sweeping 10% import tariffs 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 agreement. On day two of the air show, European planemaker Airbus signed a provisional deal for VietJet to buy 100 A321neo planes, with the option to buy up to 50 more in future. Vietnam's largest private airline operates an all-Airbus fleet, apart from two Chinese-made regional jets. The airline has not to date taken delivery of any of the around 200 MAX planes it has ordered from Boeing. Airbus is the main supplier of jets to Vietnam, accounting for 86% of the planes currently operated by Vietnamese airlines. However, the export-dependent Southeast Asian country is under pressure from Washington to buy more US goods. VietJet Chairwoman Nguyen Thi Phuong Thao said the scale of the airline's orders was backed by plans to develop a major aviation hub in Vietnam, which Airbus says has seen its aviation market grow by 7.5% a year. 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. AIRASIA FINALE US rival Boeing was having a subdued show and parking announcements 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. Attention turned to another big Airbus customer, AirAsia, long associated with buzzy show finales and looking at buying 100 A220s, with Brazil's Embraer seeking to wrest away the deal after losing a key contest in Poland, delegates said. Airbus was also expected to reveal Egyptair as the airline behind a recent unidentified order for six more A350s. But its hopes of using the event as a showcase for its first significant deal with Royal Air Maroc faded after the airline postponed plans to announce a larger Boeing deal, delegates said. None of the companies involved in last-minute air show negotiations agreed to comment. Airlines have been battling the engine industry over long waiting times for repairs on the latest generation of engines in the busiest part of the market for workhorse narrow-body jets. Pratt & Whitney commercial engines head Rick Deurloo said durability was top priority and the number of aircraft out of service while waiting for engine repairs was stabilising. Rolls-Royce CEO Tufan Erginbilgic told reporters it was 'even more true' that the British jet engine maker wanted to re-enter the narrow-body market, preferably via a partnership. On the defence side, analysts are expecting a flurry of deals as European companies tap into a surge in arms spending. Leonardo CEO Roberto Cingolani said he saw advantages to new entrants joining an Italian-British-Japanese next-generation fighter jet programme, particularly in terms of technology, but added that it would be a decision for the governments involved. He said the addition of Saudi Arabia to the Global Combat Air Programme - something that has long been mooted - would open up a big market with great potential. Startup Riyadh Air has signed a deal with Rolls-Royce for 116 Trent XWB-97 engines that will power its Airbus large wide-body fleet, the Saudi airline said on Tuesday. The company said in a statement that the deal, which was signed at the Paris Airshow, was worth several billion dollars, without providing a specific figure. The engines will power 50 Airbus A350-1000 jets, Riyadh Air said, after the airline signed a deal on Monday to buy 25 of the jets with an option for 25 more. Riyadh Air is set to commence operations later this year and its fleet orders amount to 182 aircraft across three fleet types. Agencies
Yahoo
2 days ago
- Business
- Yahoo
Avolon Agrees to Lease 10 Airbus A321neos to AJet Hava Taşimaciliği
- Announced at Paris Air Show with Turkish Airlines subsidiary AJet - Avolon has an orderbook of 294 A320neo family aircraft - Aircraft are scheduled for delivery in 2027 PARIS, June 18, 2025--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, has agreed to lease 10 Airbus A321neos to AJet, the low-cost carrier subsidiary of Turkish Airlines, the national flag carrier airline of Türkiye. The agreement was marked by a ceremony at the Paris Air Show, and the new aircraft are scheduled to be delivered in 2027. The aircraft will support AJet's fleet renewal and network expansion strategy. AJet currently operates 92 aircraft flying to 100 destinations in Türkiye, the Middle East, Europe, North Africa and CIS. Avolon has 140 A320neo family aircraft in its delivered fleet, and 294 A320neo family aircraft in its orderbook. These aircraft deliver 20% lower fuel burn, CO2 emissions and 50% noise reduction compared to previous-generation Airbus A320 aircraft. Andy Cronin, Avolon CEO, commented: "We are delighted to further strengthen our partnership with Turkish Airlines and support AJet's continued growth. Our large A320neo family orderbook is in high demand from airlines who are looking to expand their route networks and renew their fleet with new technology aircraft. This positions us as a preferred partner for airlines and, coupled with our scale and balance sheet strength, will drive sustained growth for the business well into the next decade." Prof Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, commented: "We are pleased to expand our partnership with Avolon through this latest agreement. The addition of these next-generation A321neo aircraft will support AJet's growth strategy while contributing to our sustainability goals with improved fuel efficiency and lower emissions. We look forward to continuing our cooperation as we expand AJet's network and enhance its fleet." About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025. About Turkish Airlines Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 485 (passenger and cargo) aircraft flying to 353 worldwide destinations as 300 international and 53 domestics in 131 countries. More information about Turkish Airlines can be found on its official website or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. About AJet AJet is a Turkish Airlines brand established with an innovative approach to elevate the standards of affordable travel in low-cost air transportation by offering a high quality of service. Our brand promises a safe and comfortable flight experience to our guests with a fleet of young and eco-friendly aircraft, featuring a simple and spacious design. Additionally, as a digital airline, we plan to offer a time-saving service through user-friendly applications and a reservation system that allows our guests to complete their pre-flight procedures quickly and easily. For more information and the latest updates about AJet, you can visit or follow us on our social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. View source version on Contacts David Breen / Darragh CrowleyAvolon Investor Relationsir@ T: +353 1 231 5800 Douglas KeatingeAvolon Head of Communicationsdkeatinge@ T: +353 86 037 4163 Turkish Airlines of Media RelationsTel: +90 (212) 463 63 63 – 11153 / 11173Fax: +90 (212) 465 20 78press@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
2 days ago
- Business
- Business Wire
Avolon Agrees to Lease 10 Airbus A321neos
PARIS--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, has agreed to lease 10 Airbus A321neos to AJet, the low-cost carrier subsidiary of Turkish Airlines, the national flag carrier airline of Türkiye. The agreement was marked by a ceremony at the Paris Air Show, and the new aircraft are scheduled to be delivered in 2027. The aircraft will support AJet's fleet renewal and network expansion strategy. AJet currently operates 92 aircraft flying to 100 destinations in Türkiye, the Middle East, Europe, North Africa and CIS. Avolon has 140 A320neo family aircraft in its delivered fleet, and 294 A320neo family aircraft in its orderbook. These aircraft deliver 20% lower fuel burn, CO2 emissions and 50% noise reduction compared to previous-generation Airbus A320 aircraft. Andy Cronin, Avolon CEO, commented: 'We are delighted to further strengthen our partnership with Turkish Airlines and support AJet's continued growth. Our large A320neo family orderbook is in high demand from airlines who are looking to expand their route networks and renew their fleet with new technology aircraft. This positions us as a preferred partner for airlines and, coupled with our scale and balance sheet strength, will drive sustained growth for the business well into the next decade.' Prof Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, commented: 'We are pleased to expand our partnership with Avolon through this latest agreement. The addition of these next-generation A321neo aircraft will support AJet's growth strategy while contributing to our sustainability goals with improved fuel efficiency and lower emissions. We look forward to continuing our cooperation as we expand AJet's network and enhance its fleet.' About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025. About Turkish Airlines Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 485 (passenger and cargo) aircraft flying to 353 worldwide destinations as 300 international and 53 domestics in 131 countries. More information about Turkish Airlines can be found on its official website or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. About AJet AJet is a Turkish Airlines brand established with an innovative approach to elevate the standards of affordable travel in low-cost air transportation by offering a high quality of service. Our brand promises a safe and comfortable flight experience to our guests with a fleet of young and eco-friendly aircraft, featuring a simple and spacious design. Additionally, as a digital airline, we plan to offer a time-saving service through user-friendly applications and a reservation system that allows our guests to complete their pre-flight procedures quickly and easily. For more information and the latest updates about AJet, you can visit or follow us on our social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.
Daily Tribune
2 days ago
- Business
- Daily Tribune
Vietnam's Vietjet orders 100 Airbus A321neo planes
Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said Tuesday in the latest deal announced at the Paris Air Show. The deal would be worth almost $13 billion under 2018 catalogue prices. It includes an option for Vietjet, Vietnam's largest private airline, to buy a further 50 of the jets at a later date. 'This new agreement marks a significant milestone in our strategic partnership with Airbus,' said Vietjet chairwoman Nguyen Thi Phuong Thao. 'These modern and efficient aircraft have been instrumental in Vietjet's growth, helping us make air travel more accessible and affordable for millions, while strengthening our role as a connector for economic development, cultural exchange and global connectivity,' she added. Airbus executive vice president Benoit de Saint-Exupery noted the deal followed hot on the heels of a new order by Vietjet for 20 A330neo widebody aircraft. 'Together the A321neo and A330neo will be perfect partners for Vietjet to continue to spread its wings, efficiently matching capacity more closely to demand across its network,' he said in a statement. Vietjet operates a fleet of more than 100 Airbus aircraft. As of the end of May, more than 7,000 A321neo aircraft -- the largest of Airbus' best-selling A320neo family -- have been ordered by over 90 customers worldwide, Airbus said. The Vietjet deal came a day after Airbus announced orders for a total of more than 100 planes from Saudi companies Riyadh Air and AviLease and Polish airline LOT. Those deals were worth nearly $20 billion at 2018 catalogue prices -- which Airbus has since phased out, as final sale prices vary according to contract terms and the version of an aircraft. Airbus rival Boeing has meanwhile said its focus at the Paris Air Show is on 'supporting customers' after the Air India crash last week.
