FARNBOROUGH: Airbus pitches A330neo cost advantage

Farnborough
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Airbus is claiming that its larger-variant A330neo will offer a 7% reduction in overall costs compared with the rival Boeing 787, as it starts the process of building a customer base for the type.

The airframer believes a 310-seat A330-900neo will have a 1% cash operating cost advantage against the 304-seat 787-9 on a 4,000nm sector.

Airbus’s analysis assumes lease rates of $1.25 million for the 787 against $1.05 million for the A330neo.

But chief operating officer for customers John Leahy adds that the A330neo will also have a 7% advantage in total operating costs per seat.

He says the re-engined aircraft “beats the 787 on trip cost and seat cost”.

Although the A330-800neo is listed at $242 million and the -900neo at $275 million – a $25-30 million premium over the competing 787 variants – Leahy claims the Boeing prices do not offer a true comparison.

“They’re not apples to apples,” he says, arguing that Boeing’s prices are the basic figure for a “stripped down, lightly equipped” aircraft. He insists that the Airbus prices are “realistic”.

Lessor Air Lease became the first potential customer for the A330neo after signing a tentative agreement for 25 at the Farnborough air show.