All Orders & Deliveries news – Page 23
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News
Ryanair signals 3,000 job cuts as it discusses fleet deferrals
Ryanair is expecting to cut up to 3,000 jobs from July and shut a number of European bases, as it projects that a post-crisis recovery will take at least two years. The airline is negotiating with Boeing to reduce planned deliveries of new 737s for the next 24 months, and ...
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News
Airbus rekindles support from export credit agencies
Airbus believes the support of export credit agencies will be important to assist the funding of deliveries to customers during the air transport crisis. But the airframer is not intending to extend financing itself, unless particular circumstances warrant such a measure. Airbus chief financial officer Domink Asam, speaking on 29 ...
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News
Airbus staying prepared for aggressive single-aisle rebound
Airbus is expecting the single-aisle market to recover faster than the long-haul sector, but the airframer is stressing that the pattern of deliveries is the most difficult part of its business to forecast. It has not offered any guidance in its newly-issued first-quarter financial statement. Airbus chief executive Guillaume Faury, ...
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News
Southwest delays deliveries of 59 737 Max to post-2021
Southwest Airlines, among the world’s top Boeing 737 Max customers, has pushed back deliveries of 59 Max aircraft in response to the travel downturn caused by the coronavirus pandemic.
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News
Comac makes first jet delivery after resuming production
Comac has delivered its 24th ARJ21 regional aircraft, the first aircraft to be delivered since the Chinese airframer resumed work following the coronavirus outbreak. The aircraft, registered B-604F, was delivered to Chengdu Airlines. Comac states that the aircraft is managed by lessor ICBC Financial Leasing. The aircraft is ...
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News
Airbus engages ‘remote delivery’ initiative to transfer aircraft to customers
Airbus has started capitalising on communications technology and amended logistical procedures to enable delivery of aircraft remotely, allowing it to continue handing over jets to customers despite the restrictive measures imposed by the coronavirus crisis. Turkish budget carrier Pegasus Airlines has received three Airbus A320neo-family jets through the remote process ...
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News
CDB cancels 29 737 Max orders, defers others
CDB Aviation is cancelling 29 of 99 Boeing 737 Max orders while making adjustments to the rest of its orderbook for the type. It plans to push back the delivery of 20 undelivered aircraft to “various dates in 2024, 2025 and 2026” and, without providing further details, downgauge all remaining ...
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News
EasyJet argues case against cancelling Airbus deal
UK budget carrier EasyJet is arguing that it cannot terminate its contentious Airbus order by falling back on the argument that the coronavirus outbreak is a situation beyond its control. The airline has been under fire from its founder, and key shareholder, Stelios Haji-Ioannou over the cost of retaining the ...
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Analysis
Industry orders and deliveries plummet as Boeing takes pain
Airbus has solid first quarter but Boeing suffers dramatic decline as cancellations hit
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Airline Business
Coronavirus slashes Asia-Pacific deliveries in March
Carriers in the Asia-Pacific received 14 of the 49 new airliners delivered in March 2020, as airframers and countries continued to grapple with the coronavirus pandemic. The region trailed North America, where carriers took 17 new aircraft, but led Europe, which saw just 13 deliveries. Source: Cirium ...
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News
Lessors’ Max orders at risk with Avolon cancellation
Avolon is removing 75 Boeing 737 Max jets from its orderbook, and while the world’s fourth largest lessor by fleet value says it “remains committed” to the type, these add to cancellations from before the coronavirus pandemic.
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News
Airbus chief: Crisis likely to be ‘a long one’
Airbus is expecting to review its production rates every month after reducing its output by a third in response to the coronavirus impact. Chief executive Guillaume Faury, speaking on 8 April, was unable to estimate when rates would be restored but said he thought the crisis would “probably be a ...
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News
Airbus records 15 A350 cancellations but reveals order for 10
Airbus has recorded cancellations of 15 A350s as well as four A330neos during March, although it secured a firm agreement for 10 A350s from an undisclosed customer. Six A350-1000s and four A350-900s from Latin America’s LATAM are part of the cancellation. Five A350-900s ordered by Kuwait Airways have also been ...
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News
Boeing acknowledges ‘realities’ of market after Avolon cuts Max order
Lessor Avolon’s cancellation of 75 Boeing 737 Max jets is set to provide a degree of relief to the US airframer as it rejigs the extensive backlog for the re-engined aircraft. But Boeing also acknowledges that the decision is the “right step” to “align with the realities of the marketplace”. ...
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News
Lessor Avolon cancels or defers over 100 aircraft
Lessor Avolon is cutting its delivery commitments over the next four years by over 100 aircraft, through a combination of cancellations and deferrals including the axing of 75 Boeing 737 Max jets. Avolon says the unplaced Max aircraft had been due to arrive over 2020-23. It is also deferring another ...
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News
AirAsia’s Fernandes skeptical about deliveries any time soon
AirAsia Group chief executive Tony Fernandes is skeptical about the possibility of airlines taking new aircraft given the coronavirus epidemic’s impact on growth. During an interview on Bloomberg TV, Fernandes was asked about his orders with Airbus. “We have a large order book with Airbus…we have an interesting relationship with ...
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Airline Business
Potential glut of near-term deliveries exceeds 2,700 airliners
Cirium fleets data illustrates size of potential problem facing Airbus and Boeing through next two years
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News
Airbus sees indications of gradual Chinese traffic recovery
Airbus believes there are initial signs of air transport recovery from the coronavirus outbreak in China, from where the first contagion wave spread. Its Tianjin facility had briefly shut production when the outbreak emerged, but has since resumed manufacturing, although Chinese airline operations remain significantly affected. Speaking during a briefing ...
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News
Governments could offer certainty by taking Airbus deliveries: research note
Governments should buy up to 600 aircraft from Airbus over the next three years, as a measure to sustain the airline and aerospace industries, according to a research note from US financial services firm Jefferies Group. Airbus deliveries might fall to some 600 aircraft per year – compared with 863 ...
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News
BOC Aviation to acquire six Cathay 777s under sale-and-leaseback
Cathay Pacific and BOC Aviation have agreed a sale-and-leaseback which will cover six Boeing 777-300ER jets. The Hong Kong-based carrier warned on 11 March that it expects to incur a “substantial loss” over the first half of this year and that its liquidity position would be “adversely impacted” by plummeting ...