Latest news with #AviLease
Yahoo
10 hours ago
- Business
- Yahoo
Paris Air Show: Airbus gets nearly $21 billion in orders
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. 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
BBC News
11 hours ago
- Business
- BBC News
Rolls-Royce secures international deals for 142 aircraft engines
Rolls-Royce has secured multiple contracts to supply more than 140 aircraft Derby-based firm's civil aerospace division will build 90 Trent XWB-97 engines, 40 Trent 7000 engines and 12 Trent XWB-84 engines for companies across Saudia Arabia, Egypt, Taiwan and said the deals followed a £1bn investment to the Trent engine family aimed at improving their durability and at the 2025 International Paris Air Show, Ewen McDonald, chief customer officer for the firm's civil aerospace division said the contracts would help to safeguard jobs in Derby. "The opportunity at the moment in the market is very buoyant", said Mr McDonald."It's always nice to see Rolls-Royce being successful and that we're filling the factory up with these engines for many years to come."It's lots of work for many years and a lot of these orders go out into the 2030s."Mr McDonald added there were still some orders placed at the Paris Air Show that were yet to be announced. The new contracts AviLease, based in Saudi Arabia, placed an order for 20 Trent XWB-97 engines to power 10 Airbus A350F freighter Air, Saudi Arabia's newest national carrier, placed an order of 50 Trent XWB-97 engines that will power 25 Airbus based Starlux Airlines placed an order for 20 Trent XWB-97 engines that will power 10 Airbus A350-1000 widebody has ordered an additional 12 Trent XWB-84 engines that will power six Airbus A350-900s, which takes the airline's total order of Rolls-Royce Trent XWB-84 engines to Vietjet Air has placed an order for 40 Trent 7000 engines, that will power 20 Airbus A330neo aircrafts.
Yahoo
20 hours ago
- Business
- Yahoo
Paris Air Show: Airbus gets nearly $21 billion in orders
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. 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
Zawya
2 days ago
- Automotive
- Zawya
Rolls-Royce welcomes AviLease's order for 20 Trent XWB-97 engines to power 10 A350F
Rolls-Royce (LSE: RR., ADR: RYCEY) today announces AviLease has agreed to place an order for 20 Trent XWB-97 engines that will power 10 Airbus A350F aircraft. This will be the first Rolls-Royce powered freighter aircraft to operate in the Kingdom of Saudia Arabia. Ewen McDonald, Chief Customer Officer, Rolls-Royce, said: 'Aviation enables growth and connectivity across the world and this contribution is perfectly symbolised in air freight. We're proud that AviLease has selected the Airbus A350F powered by our highest thrust engine, the Trent XWB-97. The Trent XWB-97, like all of our modern Trent engines benefits from our £1bn investment in time on wing improvements, bringing increased fleet planning certainty to this important aviation sector. We greatly value our growing partnership with AviLease.' Ted O'Bryne, Chief Executive Officer, AviLease, said: 'We're delighted to announce this order for 10 Trent XWB-97 powered A350F - the next generation of freighters within the Kingdom of Saudia Arabia. I'd like to thank Rolls-Royce for their partnership and helping to deliver our aim to become a top 10 global aircraft lessor, supporting the Kingdom's Vision 2030.' The Trent XWB-97 has proven its reliability and durability over seven years of service and more than three million engine flying hours. As versatile as it is reliable, the Trent XWB has already shown it is equally efficient at powering short-haul or long-haul flights, which makes it the ideal solution for passenger and freighter operators with a varied network. Rolls-Royce is investing more than £1bn in a programme that will deliver further improvements to the Trent engine family. For the Trent XWB-97, it's receiving a technology package that extends time on wing across all operations as well as doubling time on wing on the harshest of missions. -Ends- About Rolls-Royce Holdings plc Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together. Rolls-Royce has a local presence in 48 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers. Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition. Annual underlying revenue was £17.8 billion in 2024, and underlying operating profit was £2.46 billion. Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
Daily Tribune
3 days ago
- Business
- Daily Tribune
AviLease orders Airbus A350F freighters and A320neo Family aircraft
AviLease, the global aircraft lessor based in the Kingdom of Saudi Arabia, has announced a major new order with Airbus during the 2025 Paris Airshow. The initial agreement includes 10 A350F freighter aircraft and 30 A320neo Family jets, with provisions for a future increase to 22 A350Fs and 55 A320neo aircraft. Edward O'Byrne, CEO of AviLease, remarked: 'We are proud to establish an Airbus order book, strengthening our position as a full-service, investment-grade global lessor. The addition of these latest-generation aircraft enhances our ability to offer modern, fuel-efficient fleet solutions to our airline partners in Saudi Arabia and around the world. We thank our local partners and Airbus for the strong long-term partnership we have established and look forward to placing these aircraft across our valued customer base.' Airbus also welcomed the partnership. Benoît de Saint-Exupéry, Executive Vice President of Sales for Airbus' Commercial Aircraft business, stated: 'We are delighted to welcome AviLease as Airbus' latest customer with this significant order for the all-new A350F and leading A320neo Family. The A350F will set the benchmark in air cargo, offering at least 20% reduced fuel burn, better loading capacity, and increased range, while the A320neo Family continues to be the world's most popular single-aisle aircraft. This dual order reinforces AviLease's credentials as a leading lessor and demonstrates the broad appeal of our products among lessors and their airline customers.' The A350F boasts the largest main deck cargo door in the industry, with its fuselage length and capacity tailored to accommodate standard pallets and containers. Over 70% of the aircraft's structure is built from advanced materials, enabling a 46-tonne lighter take-off weight compared to competing freighters. Additionally, the A350F is the only freighter that will fully comply with ICAO's enhanced CO₂ emissions standards set to take effect in 2027.
