British based Virgin Atlantic Airways, has signed a firm contract to buy six Airbus A330-300 long-range aircraft, and is leasing a further four from AerCap. To date, Virgin operates six A340-300s and 19 A340-600 aircraft. Virgin is also a customer for six A380s. … [Read more...] about EUROPE & CIS: Virgin Atlantic orders 10 new A330-300s
Airbus
EUROPE & CIS: Paris show ends more upbeat for Airbus than Boeing
Airbus’ chief salesman, John Leahy departed this year’s Paris Air Show slightly more upbeat than he was before about the industry’s outlook and certainly more upbeat than his counterpart at Boeing at the annual event. Boeing managed to bag only one order – a US$153 million deal with MC Aviation Partners, a leasing subsidiary of the Mitsubishi Corporation of Japan, for two 737-800 narrow bodies. Airbus, on the other hand, walked away from the … [Read more...] about EUROPE & CIS: Paris show ends more upbeat for Airbus than Boeing
New Indian MRO JV for narrow bodies
TIMCO Aviation Services and Hindustan Aeronautics Limited (HAL) have entered into a new joint venture agreement focusing on providing scheduled C checks and heavy maintenance services for operators of narrow body Airbus and Boeing commercial aircraft in India and the neighboring region. … [Read more...] about New Indian MRO JV for narrow bodies
Possible 2011 ramp-up of A320 production
Airbus COO-customers, John Leahy said recently that the manufacturer may ramp up A320 family aircraft production to 40 per month as early as the end of 2010 or early 2011, a signal that the industry has some confidence in an impending economic recovery. Leahy said that a ‘best case’ outlook saw a 2 per cent year-on-year drop in RPKs this year, 4 per cent growth next year and a 6 per cent increase in 2011, while a ‘worst case’ scenario featured a 4 per cent … [Read more...] about Possible 2011 ramp-up of A320 production
EADS first-quarter profit tumbles 40%
Airbus parent EADS reported first-quarter net income of €170 million (US$232 million), down 40 per cent from €285 million a year earlier, as net commercial aircraft orders dropped dramatically year-on-year to eight compared to 395 in last year's first quarter. First-quarter revenue fell 14 per cent to €8.47 billion and EBIT fell 70 per cent to €232 million. Airbus's revenue declined 21 per cent to €5.88 billion as it delivered 116 aircraft compared to 123 in the … [Read more...] about EADS first-quarter profit tumbles 40%
GECAS delivers A320s
GE Commercial Aviation Services (GECAS) today announced the delivery of a new Airbus A320-200 to GoAir as part of the airline's fleet expansion. This is one of five aircraft GECAS currently leases to the airline. GoAir, based in India, currently operates a fleet of seven A320 aircraft. It also announced the delivery of a new Airbus A320 to Wizz Air as part of the central European low-cost carrier's fleet expansion. GECAS acquired the A320 through a purchase-and-leaseback transaction with the … [Read more...] about GECAS delivers A320s
