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☆ Airbus opens new assembly line for small jets in A380's shadow
▼ + stars: | 2023-07-10 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Airbus says the new line will create 700 jobs by 2026, about half the full-time total when the world's largest jet was built there, while supporting a fabric of thousands of suppliers. It is the eighth assembly line for the A320 family, with previously announced expansion plans in the United States and China due to bring the worldwide total to 10. Its opening comes as competition between Airbus and arch-rival Boeing (BA.N) shifts towards production strategy, with both companies struggling to deliver on bulging order books. Environmental critics say burgeoning sales of the current generation of jets will make it harder to meet climate goals. Le Maire told Reuters aircraft like the A321 still offered significant savings in emissions compared to jets they replace.

Persons: Luc Lagardere, Bruno Le Maire, Emmanuel Macron, Le Maire, Tim Hepher, Richard Lough, David Evans Organizations: Airbus, French Finance, Boeing, Concorde, Reuters, Thomson Locations: TOULOUSE, France, Toulouse, United States, China

☆ Airbus to handle some A380 repairs after wing-spar cracking
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Work on a dedicated "A380 Emirates" inspection facility in the building began in December and the project is due to run until third quarter 2024, according to Force Ouvriere union. "We are supporting inspections on some aircraft in Toulouse," an Airbus spokesperson said. Ground time per jet will depend on findings and repairs, but is "estimated to average about 60 days," the spokesperson added. Airbus data on Friday showed that total orders for the A321neo had topped 5,000 units to become its most-sold model.

Persons: Benoit Tessier, Jean, Luc Lagardere, backdated, Tim Clark, Tim Hepher, David Evans Organizations: Airbus, Paris, REUTERS, Emirates, Engineering Centre, Boeing, Thomson Locations: Le Bourget, Paris, France, PARIS, Toulouse, Emirates

☆ Airbus books record India orders, confirms higher deliveries
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Air India Airbus A320-200 aircraft takes off as an IndiGo Airlines aircraft waits for clearance at the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. Picture taken July 7, 2017./File PhotoPARIS, July 7 (Reuters) - Record demand from India sharply increased Airbus (AIR.PA) orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo (INGL.NS) and 250 from Air India that were announced or finalised at last month's Paris Airshow. Airbus gross orders before cancellations stood at 1,080 aircraft in the first half. By comparison, Airbus won 442 orders or a net total of 259 after cancellations in the first half of 2022.

Persons: Vallabhbhai, Tim Hepher, Jason Neely Organizations: An Air, An Air India Airbus, IndiGo Airlines, Airbus, Air, Boeing, Air India, Paris Airshow, Aerospace, Thomson Locations: An Air India, Ahmedabad, India, Air India

☆ Airbus first-half deliveries up 6% to 316 jets -sources
▼ + stars: | 2023-07-06 | by ( Tim Hepher | ) www.reuters.com time to read: +1 min

PARIS, July 6 (Reuters) - Airbus (AIR.PA) deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. Airbus, which is targeting 720 deliveries for the year, declined to comment ahead of the publication of data on Friday. Airbus's first-half performance compares with industrial deliveries of 297 planes in the first six months of last year, before a negative adjustment of two units related to Russia. Based on tracking of test flights, Jefferies said in a report this week that underlying aircraft production remained soft compared with targeted rates but looked set to increase this summer. Airbus reports first-half results on July 26.

Persons: Airbus's, Christian Scherer, Jefferies, Tim Hepher, David Goodman Organizations: Airbus, Aerospace, Reuters, Thomson Locations: Russia

MEXICO CITY, July 5 (Reuters) - Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The companies did not name a price for the aircraft, and Airbus no longer publishes catalog prices. The agreement brings Viva's order book up to 170 Airbus aircraft, the carrier said in a statement, all part of the A320 family. In April, Viva signed an agreement with SAF producer Neste (NESTE.HE) to purchase 1 million liters of the fuel. Viva said the aircraft order would drive both domestic and international growth plans, taking into account that Mexico is expected to recover a U.S. air safety rating in coming months.

Persons: Pratt, Whitney, Viva, Neste, Aeromexico, Volaris, Kylie Madry, Raul Cortes, Tim Hepher, Bill Berkrot Organizations: MEXICO CITY, Viva Aerobus, Airbus, Paris Airshow, Whitney, Pratt, SAF, U.S . Federal Aviation Administration, U.S, Allegiant, Thomson Locations: MEXICO, Mexico, U.S

British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest England on Tuesday to help design and build wings that are longer, lighter, more slender and feature folding wingtips to fly more sustainably. Industry sources estimate Airbus is spending in the "high hundreds of millions" of dollars on Wing of Tomorrow. Partridge said Airbus was in talks with at least three suppliers to lower costs and weave parts more efficiently. That means we need to increase the span of the wing," Partridge said. Industry sources say Airbus could tap part of the research if it moves ahead with a potential stretch of the smaller A220.

Persons: Nusrat Ghani, Sue Partridge, Partridge, Joanna Plucinska, Tim Hepher, Mark Potter Organizations: Airbus, British Industry, Boeing, Concorde, Thomson Locations: FILTON, England, Filton, Paris

PARIS, June 22 (Reuters) - The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of commercial orders and low expectations regarding the supply chain, but generated a more balanced picture on both fronts. Announced orders reached near-record levels but were heavily dominated by two airlines leading the charge in India, the world's fastest growing market: IndiGo (INGL.NS) and Air India. A key focus of the show was how those planes will be produced after the pandemic disrupted supply chains. Several major companies said they had built up more buffer stocks and were seeing signs of improvement in supply chains.

Persons: Le Bourget, Christian Scherer, Pieter Elbers, Sash Tusa, Tim Hepher, Mark Potter Organizations: Air India, Airbus, Boeing, IndiGo, Aero Systems, Agency Partners, Thomson Locations: Paris, India, COVID, Ukraine

[1/5] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit TessierSummarySummary Companies Pratt & Whitney sees 'solid progress' in supply chainSays groundings of GTF-powered fleet peaked in H1Airbus eyes post-show deal for 90 jets with Viva AerobusBoeing signs deals with Akasa Air and LuxairPARIS, June 21 (Reuters) - Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow. Pratt & Whitney President Shane Eddy, who has faced a backlash from airlines over durability problems and a shortage of spare engines, told the air show he was seeing "solid progress" in the supply chain. The European company, and U.S. rival Boeing, continued to sign new deals at the air show. Reporting by Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt & Whitney, Benoit Tessier, Shane Eddy, Planemakers, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Pratt &, International Paris Air, Le, REUTERS, Viva, Boeing, Akasa Air, Luxair, Jet, Pratt, Whitney, Paris Airshow, Reuters, Airbus, Viva Aerobus, Air India, Raytheon Technologies, Aircraft, Airbus A330neo, Thomson Locations: Le Bourget, Paris, France, Luxair PARIS, Mexican, India

☆ Pratt & Whitney sees supply chain progress
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 21 (Reuters) - Pratt & Whitney is seeing "solid progress" in the aerospace supply chain after bottlenecks caused by the pandemic, Shane Eddy, president of engine maker Pratt & Whitney, said at the Paris Airshow on Wednesday. The Raytheon Technologies (RTX.N) subsidiary, which has faced a backlash from airlines over durability problems and a shortage of spare engines, has the capacity in place to support maintenance demand but faces shortages of materials, he added. Reporting by Tim Hepher, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Whitney, Shane Eddy, Tim Hepher, Louise Heavens Organizations: Pratt, Paris, Raytheon Technologies, Thomson

But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Air India said it was worth $70 billion at list prices, though airlines typically get discounts on big orders worth at least half the headline price, analysts say. The Airbus part comprises 210 A320neo and A321neo narrowbody jets and 40 A350 widebodies. "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years," Air India Chief Executive Campbell Wilson said in a statement. The mega-order will also put Air India on a stronger footing to compete with budget rival IndiGo, which has a majority share of the Indian market and a strong position in regional flights.

Persons: Royce, Campbell Wilson, LUDOVIC MARIN, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: India, Airbus, Boeing, Ethiopian Airlines, Paris, Air India, Air, Reuters Graphics Air, Visitors, International Paris Air, Le, Royce, Aero Engines, Tata, Emirates, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India, France

NEW DELHI/PARIS, June 20 (Reuters) - Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. A day later, rival Air India firmed up an order for 470 Airbus and Boeing (BA.N) aircraft that, until Monday, had been the industry leading plane deal. LEASING CONCERNSBut while the opportunity in India is big, so are the risks, says Ameya Joshi, an independent aviation analyst. Leasing companies warn that restrictions on repossessing their assets in case of defaults will drive up costs for all Indian airlines - even for IndiGo and Air India. It will eventually help Indian airlines by lowering risk and moderating lease rental costs," said Joshi.

Persons: India's, Jyotiraditya Scindia, planemakers, Ameya Joshi, Joshi, Aditi Shah, Tim Hepher, Joanna Plucinska, Mark Potter Organizations: NEW, Paris, Airbus, Air India, Boeing, Air, CAPA India, planemakers, IndiGo, lessors, Thomson Locations: NEW DELHI, PARIS, Air India, India, New Delhi, outdoing U.S, Paris

That deal, sketched out in February, was at the time the largest ever announced by number of planes. But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Reuters GraphicsAir India's provisional deal included 250 planes from Airbus and 220 from Boeing. The Airbus part comprised 210 A320neo narrowbodies and 40 A350 widebodies, while the Boeing deal was for 190 737 MAX, 20 787 Dreamliners and 10 mini-jumbo 777X. Together with another 25 Airbus jets to be leased, the overall acquisition reaches 495 jets, an Airbus executive said at the time.

Persons: Royce, narrowbodies, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: Air India, Ethiopian Airlines, Paris, Airbus, Boeing, Reuters Graphics Air, Royce, Aero Engines, Tata, Emirates, Air, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia

☆ GE says all options on the table over engine for stretched A220
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 19 (Reuters) - GE (GE.N) Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus (AIR.PA) A220 jet. "I don't think we would rule anything in or rule anything out," he said at the Paris Airshow. GE co-owns engine maker CFM International with France's Safran (SAF.PA). The A220 is currently powered solely by engines from CFM competitor Pratt & Whitney (RTX.N). Reporting by Tim Hepher Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Larry Culp, France's Safran, Tim Hepher, Mark Potter Organizations: GE, GE Aerospace, Airbus, Paris Airshow, CFM, Pratt & Whitney, Thomson

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit TessierPARIS, June 19 (Reuters) - The Paris Airshow opened on Monday with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport. France's Thales (TCFP.PA) announced a contract from Indonesia for 13 long-range air surveillance radars. On the commercial side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Airbus is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier PARIS, Le Bourget, Emmanuel Macron, France's, planemakers, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Farnborough, French Rafale, U.S, Rafale, Eurofighter, France's Thales, Airbus, . Industry, Qantas, Viva Aerobus, Boeing, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, Britain, Belgium, Franco, Spanish, Ukraine, Indonesia

Ali's comments came after sources said the airline was close to a deal to buy 10 Airbus A350 widebody planes, marking its first order with the French planemaker. It was not clear whether the deal would be finalised in time for the Paris Airshow, which opens on Monday. "Every country has both Airbus and Boeing in their fleet. We didn't have an Airbus in our fleet," Ali said, as the airline looks to break its reliance on the U.S. planemaker that typically dominates widebody orders. The 51-year-old airline has a fleet of more than 20 mostly Boeing planes, over half of which are widebodies, and some Dash-8 turboprops.

Persons: Mahbub Ali, Ali's, Biman, Ali, Ruma Paul, Tim Hepher, Aditi Shah, Christopher Cushing, Jamie Freed Organizations: Bangladesh Airlines, Airbus, Boeing, country's, Reuters, Paris Airshow, Thomson Locations: DHAKA, PARIS, Britain, Malaysia, Thailand, Canada, Dhaka, Paris

The multibillion-dollar deal is the largest ever by number of aircraft, eclipsing Air India's provisional purchase of 470 jets earlier this year as India's two largest carriers plan for a sharp expansion in regional travel demand. With the growth of India (and) the growth of the Indian aviation market ... this is the right time for us to place this order," IndiGo Chief Executive Pieter Elbers told a news conference. Indian carriers now have the second-largest order book, with an over 6% share of the industry backlog, behind only the United States, according to a June 1 report by Barclays. After signing the IndiGo deal, Airbus CEO Guillaume Faury said it was premature to start thinking about narrowbody jet production rates higher than the planned 75 per month. It continues to hold separate talks with Airbus and rival Boeing (BA.N) for 25 widebody planes, which could either be Airbus A330neos or Boeing 787 jets, sources have said.

Persons: there's, Pieter Elbers, Guillaume Faury, Tim Hepher, Joanna Plucinska, Aditi Shah, Mark Potter Organizations: Airbus, Paris, Air, Reuters, Barclays, Boeing, Thomson Locations: India, United States

PARIS/MEXICO CITY, June 18 (Reuters) - Airbus (AIR.PA) is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. "We currently have an ongoing order of A321neo with Airbus with deliveries until 2027," a spokesperson for Viva Aerobus said. "Whilst Viva is a leading and growing ULCC in the Americas, we have not signed any new order with any (manufacturer)." In 2013, it defected from Boeing to Airbus with an order worth up to $4 billion for 40 Airbus A320-family jets after a bitterly fought contest between the two plane giants. Reporting by Tim Hepher and Allison Lampert; Editing by Andrew Heavens Editing by Andrew Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Viva Aerobus, Tim Hepher, Allison Lampert, Andrew Heavens, Mark Potter Organizations: MEXICO CITY, Airbus, Viva Aerobus, Viva, Boeing, Paris, Thomson Locations: PARIS, MEXICO, Mexican, Americas

Lockheed and Airbus will tout their LMXT tanker at the Paris Airshow this week, bringing U.S. reporters onboard the A330 Multi Role Tanker Transport on which the new plane is based. In 2011, Boeing won the first of a three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s. But Larry Gallogly, Lockheed’s director of LMXT business development, said Lockheed and Airbus "are most definitely still in this competition." Lockheed and Airbus sought a program of at least 120 aircraft, but “the business case can certainly close below that,” Gallogly said. Boeing Defense CEO Ted Colbert said the KC-46 "has proven to be highly capable" and is ready for the threats of the 2030s.

Persons: Lockheed Martin, Larry Gallogly, ” Gallogly, Ted Colbert, Jerry Carl, Carl, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, Aerospace titans Airbus, Boeing, Airbus, Lockheed, U.S, U.S . Air Force, Air, KC, Capitol, Air Force, General, Armed Services, Alabama Republican, Thomson Locations: WASHINGTON, PARIS, U.S, United States, Alabama, Georgia, American

☆ Exclusive-Mystery X9 helicopter takes shape as potential successor to Airbus H145
▼ + stars: | 2023-06-18 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

PARIS (Reuters) - After a decade in the shadows, one of Europe’s mystery aerospace projects - the X9 helicopter - is taking shape as a potential future successor to Airbus Helicopters’ H145 light-twin chopper, with plans for a demonstrator underway, industry sources said. FILE PHOTO: An Airbus H145 French Securite Civile rescue helicopter takes off past Canadair aircrafts during the presentation of the 2023 plan to fight against wildfires, at Nimes-Garons airbase, France, April 25, 2023. A Berlin filing by Airbus Helicopters’ German subsidiary in 2020 noted its board had been briefed on the X9 and unspecified “further steps”. Any future H145 successor would regenerate the German side of Airbus Helicopters, formed from a 1992 merger between divisions of France’s Aerospatiale and MBB of Germany to counter U.S. rivals led by Bell, Boeing and Sikorsky. Those barriers are gradually fading as Airbus Helicopters adopts a system under which specialised sites pre-assemble major sections, which then converge on one site for final assembly.

Persons: Christian Hartmann, Lutz Bertling, Leonardo’s Organizations: PARIS, Airbus Helicopters, Airbus, Canadair, REUTERS, Airbus Helicopters ’, Reuters, Chase, Associates, Aerospatiale, Bell, Boeing, Sikorsky, Eurocopter Locations: Nimes, Garons, France, Donauwoerth, Germany, Bavarian, German, GERMANY, Paris, U.S, Spain, Marignane, Airbus Germany

☆ Exclusive: Mystery X9 helicopter takes shape as potential successor to Airbus H145
▼ + stars: | 2023-06-18 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

PARIS, June 18 (Reuters) - After a decade in the shadows, one of Europe's mystery aerospace projects - the X9 helicopter - is taking shape as a potential future successor to Airbus Helicopters' H145 light-twin chopper, with plans for a demonstrator underway, industry sources said. A Berlin filing by Airbus Helicopters' German subsidiary in 2020 noted its board had been briefed on the X9 and unspecified "further steps". The same unit later said it would focus on ensuring "the future viability of civil helicopters" at Donauwoerth, Germany. Any future H145 successor would regenerate the German side of Airbus Helicopters, formed from a 1992 merger between divisions of France's Aerospatiale and MBB of Germany to counter U.S. rivals led by Bell, Boeing and Sikorsky. Those barriers are gradually fading as Airbus Helicopters adopts a system under which specialised sites pre-assemble major sections, which then converge on one site for final assembly.

Persons: Lutz Bertling, Tim Hepher, Mark Potter Organizations: Airbus Helicopters, Airbus, Reuters, Chase, Associates, Aerospatiale, Bell, Boeing, Sikorsky, Eurocopter, Thomson Locations: Donauwoerth, Germany, Bavarian, France, German, GERMANY, Paris, U.S, Spain, Marignane, Airbus Germany

☆ Airbus reveals jet orders and says the supply chain is more stable
▼ + stars: | 2023-06-16 | by ( Tim Hepher | ) www.reuters.com time to read: +1 min

PARIS, June 16 (Reuters) - Airbus (AIR.PA) has signed orders this month including 60 A320-family jets with a lessor and 10 A350s with a major airline, said the planemaker's Chief Commercial Officer Christian Scherer. The deals come on top of any business to be announced at next week's Paris Airshow and will be booked at end-June, though the buyers will not disclosed, he also told reporters. He said next week's event would bring evidence of a strong recovery in terms of demand. Earlier on Friday, Airbus CEO Guillaume Faury had said that supply chains had stabilised although the industry still faced pressing labour shortages. Reporting by Tim Hepher; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Scherer, Scherer, Guillaume Faury, Tim Hepher, Sudip Kar Organizations: Airbus, Boeing, Gupta, Thomson

☆ Avolon says $4 trln needed to transform global jet fleet
▼ + stars: | 2023-06-13 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, June 13 (Reuters) - Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world's fleet, leasing firm Avolon said on Tuesday. The world's commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted. Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives. Avolon has said the main focus should be on increasing the supply of Sustainable Aviation Fuels. Europe's Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted.

Persons: Mike Blake PARIS, Avolon, Tim Hepher, Conor Humphries Organizations: Delta Airlines, REUTERS, Global, . Airlines, Sustainable Aviation Fuels, Airbus, Boeing, Embraer, Thomson Locations: San Diego , California, U.S, Dublin, China

Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.

Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far

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