Latest news with #A321neos
CNBC
10 hours ago
- Business
- CNBC
Airbus orders dominate Paris Air Show as Boeing takes backseat — again
Airbus orders and new models have taken center-stage at this year's Paris Air Show, as its U.S. rival Boeing spends yet another major industry event keeping a low profile due to turmoil at the business. Airlines and manufacturers use air shows as an opportunity to make splashy aircraft purchase announcements following months of negotiations, some of which will be wrapped up at the event. Airbus had racked up nearly $21 billion as of Thursday morning, per a Reuters calculation. That included 132 firm orders on Monday, from customers including Saudi leasing firm AviLease, Japan's ANA and Poland's LOT, versus 41 for Boeing and 15 for Brazil's Embraer, according to a tally by aviation advisory IBA. The following two days saw Boeing hold back from announcements completely, while Airbus splashed a 150-aircraft Memorandum of Understanding with VietJet Air focused on its single-aisle 100 A321neos, and orders with EgyptAir and Starlux Airlines for its wide-body A350s. Air Asia chief Tony Fernandes told CNBC on Thursday that he was in discussions at Paris about expanding the firm's existing order for the Airbus XLR — the Toulouse-based planemaker's flagship new long-range, narrowbody aircraft — and expected an announcement within the next month or so. The model, which entered service last year, is set to allow airlines to offer medium- and long-haul routes at lower rates due to reduced fuel costs. Embraer also secured a key win Wednesday with 60 firm orders for the E175, along with further options. Boeing's relatively quiet presence in Paris isn't indicative of a wider demand crisis in the sector. The manufacturer sealed plenty of orders during U.S. President Donald Trump's May trip to the Middle East, including a 210-jet deal with Qatar Airways. Both Boeing and Airbus meanwhile have aircraft backlogs of more than 5,000 and 8,000 aircraft, respectively, figures that have barely budged for nearly a decade as industry supply challenges — exacerbated in the wake of the pandemic — leave airlines struggling to renew their ageing fleets. John Plueger, chief executive officer of Air Lease Corp, told CNBC earlier this week that the backlog meant it was always expected to be a subdued show in Paris compared to those past, including the post-pandemic boom year of 2023. "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," Plueger said. However, this does mark yet another year in which Boeing has refrained from the aircraft flypasts or major promotional activities. Starting in 2019 in the wake of the two fatal crashes of its B737-Max model, followed by the pandemic which threw the industry into turmoil, and then with fresh crises delivered via an emergency exit door blowout, allegations of widespread quality control issues, and increasingly-disgruntled customers over delivery delays — Boeing has had a difficult time. Just as 2025 appeared like it may represent a tentative turning point for the company, with CEO Kelly Ortberg due to attend Paris, the first-ever crash of a Boeing Dreamliner in last week's Air India disaster threw that into disarray. Ortberg pulled out of attending the event, and the firm has made few press announcements while it says it is focused on its customers and the investigation into the causes of the crash. "Demand for new aircraft remains unprecedented, matched only by passenger demand for air travel," said Tony Payne, partner at law firm DLA Piper. He added that orders remain strong despite a "sombre and reflective environment" in the wake of the Air India crash, as stakeholders are "well aware of the impact" any relaxation of standards can have. "Orders for new aircraft and engines remains strong but alongside a sombre and reflective environment, where stakeholders are well aware of the impact of any relaxation of standards can have." "Muted" has therefore become the word of the week in terms of commercial aviation, while defense — making up nearly half of the show's content this year — takes on a bigger-than-ever role amid roiling Middle East conflict, the Russia-Ukraine war and an upcoming NATO summit at which higher national security spending will be high on the agenda. Deals in this space have included Thales' contract to build 48 of its new remote-operated artillery systems for the French government. "The consequences, the impact of the accident of Air India" are hanging over Paris, Airbus CEO Guillaume Faury told CNBC on Monday. "Still, the momentum in the industry is very strong," he continued, noting particular demand for widebody aircraft which had more catching up to do following the pandemic than the narrowbody market. Dan Taylor, head of consulting at IBA, told CNBC that the split between Boeing and Airbus this year was "more about context than competition." "Boeing's recent orders in the Middle East, helped by U.S. diplomatic engagement, and its quiet stance post-Air India likely influenced its lower visibility at the Paris Air Show. This isn't a sign of weakening demand, but rather a deliberate pause amid a volatile geopolitical backdrop and possible tariff uncertainties," Taylor said. "Airlines are likely busy reassessing fleet strategies given the latest crisis, but strong profitability, ageing fleets, easing debt levels, and continued GDP and travel demand growth across many regions all point to a sustained long-term appetite for new aircraft."
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Business Standard
2 days ago
- Business
- Business Standard
VietJet signs agreement with Airbus to purchase up to 150 aircraft
Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option to add up to a further 50 to the deal 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. "These modern and efficient aircraft have been instrumental in VietJet's growth," VietJet Chairwoman Nguyen Thi Phuong Thao said in a statement released at a press conference attended by a delegation including several Western bankers. "This landmark agreement represents a vital step in VietJet's growth strategy as a multi-national aviation group." The planes will be delivered from 2030 onwards, and VietJet said it had financing in place for the deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. U.S. 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 U.S. President Donald Trump's recent tour of the Middle East. VietJet, the largest private airline in Vietnam, 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 U.S. goods. VietJet's latest deal comes only weeks after it ordered 20 A330neo wide-body airliners from Airbus.
Yahoo
3 days ago
- Business
- Yahoo
Airbus strikes deal for up to 150 planes with VietJet
By Tim Hepher PARIS (Reuters) -Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option to add up to a further 50 to the deal 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. "These modern and efficient aircraft have been instrumental in VietJet's growth," VietJet Chairwoman Nguyen Thi Phuong Thao said in a statement released at a press conference attended by a delegation including several Western bankers. "This landmark agreement represents a vital step in VietJet's growth strategy as a multi-national aviation group." The planes will be delivered from 2030 onwards, and VietJet said it had financing in place for the deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. U.S. 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 U.S. President Donald Trump's recent tour of the Middle East. VietJet, the largest private airline in Vietnam, 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 U.S. goods. VietJet's latest deal comes only weeks after it ordered 20 A330neo wide-body airliners from Airbus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
3 days ago
- Business
- Business Recorder
Airbus strikes deal for up to 150 planes with VietJet
PARIS: Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option to add up to a further 50 to the deal 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. 'These modern and efficient aircraft have been instrumental in VietJet's growth,' VietJet Chairwoman Nguyen Thi Phuong Thao said in a statement released at a press conference attended by a delegation including several Western bankers. 'This landmark agreement represents a vital step in VietJet's growth strategy as a multi-national aviation group.' Riyadh Air orders 25 Airbus A350-1000 jets The planes will be delivered from 2030 onwards, and VietJet said it had financing in place for the deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. U.S. 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 U.S. President Donald Trump's recent tour of the Middle East. VietJet, the largest private airline in Vietnam, 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 U.S. goods. VietJet's latest deal comes only weeks after it ordered 20 A330neo wide-body airliners from Airbus.
Yahoo
13-05-2025
- Business
- Yahoo
United Airlines Quietly Adds 40 New Aircraft From Boeing Rival
Earlier this week, an order for 40 A321neos jets emerged while being listed by Airbus for an undisclosed customer. The order form was published on May 10, 2025, but it wasn't until two days later that the customer for the jets was revealed. United Airlines strengthened its commitment to Airbus A321neo aircraft with the additional order of 40 more planes. As pointed out by Simple Flying, United already has an aircraft order of more than 150 A321neos and A321XLRs and currently flies more than 35 A321neos. The airline's affinity for the aircraft comes amid delays in the Boeing 737 MAX 10 program. In early 2024, United announced it was 'in the market' for the type after removing the Boeing 737-10 from its plan. Just a few months later, CEO Scott Kirby admitted it was more bullish on the Boeing aircraft while citing progress from the aircraft manufacturer, but that clearly didn't stop United from making a major move for 40 new A321neos jets. Amid a backlog of the aircraft type, though, United will only start receiving jets from the newest order after 2030. However, the carrier previously signed an agreement for 60 A321neos in October 2023, building on earlier orders for 50 A321XLRs and 70 A321neos. While United is making a big push for Airbus aircraft, the manufacturer only makes up 20% of the airline's fleet of more than 960 aircraft, with Boeing accounting for the majority of its future total orders. The Airbus, however, scores well with customers. 'It's the first time in a really long time that we took an Airbus, and this airplane right here [A321neo] is our highest-scoring customer service satisfaction airplane that we have in our system," United Airlines' Chief Global Operations Officer, Toby Enqvist, said in a in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
