John Leahy News
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Airbus SAS said it must strike a balance in the ramp-up of its new A350 between a sales force seeking to push out planes and engineers advocating a slower approach to permit changes before too many aircraft are built.
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EasyJet Plc agreed to buy 135 Airbus SAS jets worth about $13.22 billion at list price as Europe’s No. 2 low-cost carrier upgrades its fleet, reopening a confrontation with its founder, who has opposed the purchase.
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Airbus SAS won a commitment from Doric Asset Finance Ltd. for 20 A380s worth $8.1 billion at list price, making the early running at the Paris Air Show with the biggest superjumbo deal for three years.
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Boeing Co. defended the use of traditional aluminum for the fuselage of its upgraded 777 twin- aisle jet as Airbus SAS’s A350, a competing model made chiefly of composite plastic, takes the spotlight at the Paris Air Show.
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Airbus SAS’s new A350 wide-body returned from its maiden flight after a four-hour airborne test of the long-range airliner, in a show of confidence that the jet can enter service in late 2014 and challenge Boeing Co.
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Boeing Co. is under mounting pressure from airlines eager for an improved version of its biggest twin-engine jet as Airbus SAS makes inroads in the wide- body market with a model available years earlier.
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Airbus SAS is looking to build momentum for the new A350, with its sales chief criss-crossing the globe to chase orders while test pilots and engineers race toward first flight as the Paris Air Show approaches.
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Airline executives are set to spend more on orders for the latest wide-body planes from Airbus SAS and Boeing Co. as consolidation and cost cuts give them more reason for optimism for a rebound in earnings this year.
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Boeing Co. won the first order for the stretched version of its 787 Dreamliner as Singapore Airlines Ltd., Southeast Asia’s biggest carrier, split a purchase of jets with Airbus SAS valued at $17 billion.
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Airbus SAS will probably seek some flexibility from its largest customers on delivery of the A320neo single-aisle jet to help accommodate new buyers, as the company tries to work through a record order book for the plane.
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