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Airbus Celebrates Delivery of its 12,000th Aircraft

May 20, 2019 /

Airbus celebrated the delivery of its 12,000th aircraft ever in its 50-year history. The aircraft was an A220-100, assembled in Mirabel, Canada and handed over to U.S.-based Delta Air Lines.

The aircraft is the 12th A220 delivered to date to Delta Air Lines since the carrier received its first A220 in October 2018. The A220 started scheduled service with Delta in February 2019. Delta is the first U.S. airline to operate the A220 and is the largest A220 customer, with a firm order for 90 aircraft.

This milestone delivery of a Canadian-made Airbus aircraft to a U.S.-based airline highlights the growing presence of Airbus in North America. Since Airbus’ leadership of the A220 programme became effective on 1 July 2018, ground was broken in January this year in Mobile, Alabama for the construction of a second A220 final assembly line, set to start deliveries to U.S. customers in 2020.

Airbus delivered its first aircraft, an A300B2 to Air France, back in 1974. Fast forward to 2010, Airbus handed over its 6,000th aircraft, 36 years after its first. The pace continued to accelerate, taking Airbus just nine years to double that number, reaching 12,000th Airbus aircraft delivery on May 20, 2019.

@Airbus #A220 @Delta

Construction Begins on Airbus A220 Manufacturing Facility

January 17, 2019 /

Airbus’ manufacturing growth in the United States advanced another step today in Mobile, Alabama, as construction of the company’s A220 Manufacturing Facility officially launched with a groundbreaking ceremony. The assembly line will satisfy the strong and growing U.S. demand for the A220 aircraft, the newest offering in Airbus’ commercial aircraft product line.

Tom Enders, CEO of Airbus, and Guillaume Faury, President Airbus Commercial Aircraft led the celebration and welcomed approximately 700 attendees including Airbus and other industry executives, Airbus manufacturing employees, state and national dignitaries, and local community leaders.

The new assembly line, which is the company’s second U.S.-based commercial aircraft production facility, will be located at the Mobile Aeroplex at Brookley adjacent to the A320 Family production line and will facilitate assembly of A220-100 and A220-300 aircraft for U.S. customers. Aircraft production is planned to begin in Q3 2019; with first delivery of a Mobile assembled A220 aircraft scheduled for 2020. The new A220 production facilities will be complete by next year.

Airbus has strong and longstanding ties to the United States, with Airbus aircraft being operated by the largest airlines in America. Additionally, Airbus is a major partner of U.S. aerospace companies and workers. In the last three years, Airbus spent $48 billion in the United States with hundreds of U.S. suppliers in more than 40 states, translating into Airbus support of more than 275,000 American jobs. Among its facilities in the U.S. Airbus has: engineering centers in Kansas and Alabama; a major training facility in Florida and soon one in Colorado; materials support and headquarters in Virginia; an A320 Family assembly line delivering aircraft in Alabama; an innovative think tank (A3 ) in California; a drone data analysis business (Airbus Aerial) in Atlanta, Georgia; helicopter manufacturing and assembly facilities in Texas and Mississippi; and a satellite manufacturing facility (OneWeb) in Florida.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and true widebody comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. With a range of up to 3,200 nm (5920 km), the A220 offers the performance of larger single-aisle aircraft.

With an order book of more than 500 aircraft to date, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.

Story and image from http://www.airbus.com

Airbus Seeks Hefty Cost Cuts for A220 Jet

January 14, 2019 /

MONTREAL (Reuters) – Europe’s Airbus is looking for a “significant double-digit” percentage reduction in costs for a recently acquired Canadian jet program, as it expands production capacity to cope with anticipated demand for the former Bombardier jet.

Philippe Balducchi, head of an Airbus-led venture which took over production of the loss-making A220 last year, indicated the bulk of the reduction in costs would come from the supply chain as Airbus uses its greater clout in negotiations for parts.

Other savings would come from more efficient operations as workers gain experience of building the lightweight 110-130-seat jet, whose deliveries doubled to 33 aircraft last year.

But overall economies will go “way beyond” what Airbus can achieve internally on the assembly line, Balducchi said.

“Our focus is to sell, ramp up (production) and reduce costs on the A220,” Rob Dewar, head of engineering and customer support, added during a media briefing on the jet, which was known as the CSeries until Airbus took control in July 2018.

The A220 consortium, which also includes Bombardier and the Quebec government, is spending some $30 million to expand its Mirabel production plant outside Montreal and will break ground this week on a new assembly line in Alabama for U.S. airlines.

Airbus meanwhile said the Canadian-developed A220 jet had won approval to fly up to three hours away from the nearest airport in the event of a shutdown of one of its two engines – a safety standard which underpins its use on longer-range routes.

The green light has been given by Canada, while approvals in the United States and Europe are pending, Airbus officials said.

The extended operations or ETOPS approval affects the number of routes the plane can fly over water or remote areas.

(Reporting by Tim Hepher; editing by Richard Lough and Jan Harvey)

Image from http://www.airbus.com

Airbus achieves new commercial aircraft delivery record in 2018

January 10, 2019 /
  • Deliveries total 800 aircraft, 11 percent higher than in 2017
  • Net orders total 747, backlog increases to 7,577 aircraft

Airbus SE (stock exchange symbol: AIR) delivered 800 commercial aircraft to 93 customers in 2018, meeting its full year delivery guidance and setting a new company record. Deliveries were 11 percent higher than the previous record of 718 units, set in 2017. For the 16th year in a row now, Airbus has increased the number of commercial aircraft deliveries on an annual basis.

In total, the 2018 commercial aircraft deliveries comprise:

  • 20 A220s (since it became part of the Airbus family in July 2018);
  • 626 A320 Family (vs 558 in 2017), of which 386 were A320neo Family (vs 181 NEOs in 2017);
  • 49 A330s (vs 67 in 2017) including the first three A330neo in 2018;
  • 93 A350 XWBs (vs 78 in 2017);
  • 12 A380s (vs 15 in 2017).

In terms of sales, Airbus achieved 747 net orders during 2018 compared with 1,109 net orders in 2017. At the end of 2018, the backlog of Airbus commercial aircraft reached a new industry record and stood at 7,577 aircraft, including 480 A220s, compared with 7,265 at the end of 2017.

“Despite significant operational challenges, Airbus continued its production ramp-up and delivered a record number of aircraft in 2018. I salute our teams around the globe who worked until the end of the year to meet our commitments,” said Guillaume Faury, President Airbus Commercial Aircraft. “I am equally pleased about the healthy order intake as it shows the underlying strength of the commercial aircraft market and the trust our customers are placing in us. My gratitude goes out to all of them for their ongoing support.” He added: “As we look to further increase our industrial efficiency, we will continue making the digitalisation of our business a key priority.”

Over the last 16 years, Airbus has steadily increased its production year-by-year with the final assembly lines in Hamburg, Toulouse, Tianjin and Mobile complemented by the addition of the A220 line in Mirabel, Canada, during 2018. A notable contribution to Airbus’ delivery increase in 2018 came from the final assembly lines in the US and China. For the top-selling A320 Family in particular, the Final Assembly Line (FAL) in Mobile, Alabama, saw its 100th delivery, and is now producing in excess of four units per month. Meanwhile, Airbus’ “FAL Asia” in Tianjin, China, achieved its 400th A320 delivery, while in Germany Airbus commenced operations of its new, fourth production line in Hamburg. Overall, the A320 programme is on track to achieve rate 60 per month for the A320 Family by mid-2019. The Airbus teams successfully reached an important industrial milestone for the A350, achieving the targeted rate of 10 aircraft per month.  

Airbus will report Full Year 2018 financial results on 14 February 2019.

Footnote:
The Full-Year 2018 net orders and backlog represent the contractual view. The Full-Year 2018 backlog value will be measured under IFRS 15 and will reflect the recoverable amount of revenues under these contracts. A significant reduction in order backlog value is expected mainly due to the adjustment for net prices versus list prices. The FY 2017 backlog will not be restated.

Story and image from http://www.airbus.com

JetBlue Airways Firms Order for 60 Airbus A220-300’s

January 8, 2019 /

JetBlue Airways has firmed up an order for 60 A220-300 aircraft, the larger model of the new, industry-leading A220 series.

“As we approach our 20th anniversary, the impressive range and economics of the highly efficient A220, combined with the outstanding performance of our existing fleet of Airbus A321 and restyled A320 aircraft, will help ensure we deliver the best onboard experience to customers and meet our long-term financial targets as we continue disciplined growth into the future,” said Robin Hayes, Chief Executive Officer, JetBlue.

JetBlue’s existing Airbus fleet includes 193 A320 and A321ceo aircraft in operation, with an additional 85 A321neo aircraft on order.

“JetBlue has proven there is no contradiction between economic efficiency and a high quality product,” said Christian Scherer, Airbus Chief Commercial Officer. “Their endorsement of the A220 proves this aircraft meets those two criteria better than any alternative in its segment. Thank you JetBlue and congratulations on this big milestone in your growth.”

The order was completed the last week of December. Airbus will produce the A220-300 aircraft at a new U.S. assembly facility in Mobile, Alabama. Construction of the plant, to be located adjacent to the existing Airbus A320 assembly facility, will begin later this month.

The A220 is the only aircraft purpose built for the 100-150 seat market; it delivers unbeatable fuel efficiency and true widebody comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. With a range of up to 3,200 nm (5,020 km), the A220 offers the performance of larger single-aisle aircraft. 

With an order book of more than 500 aircraft to date, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.

@JetBlue #A220 #Airbus

Story and image from http://www.airbus.com

Ryanair, CEO Suit Filed In U.S. Court

November 7, 2018 /

NEW YORK (Reuters) – Ryanair Holdings Plc (RYA.I) and longtime Chief Executive Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labour relations and keep costs down.

The complaint was filed on Tuesday night in the U.S. District Court in Manhattan by an Alabama pension fund, seeking class-action status and damages for investors in Ryanair’s American depositary shares from May 30, 2017 to Sept. 28, 2018.

Ryanair did not immediately respond on Wednesday to requests for comment.

The complaint said Ryanair misled investors in regulatory filings and conference calls about its labour stability, including “industry leading” contracts with pilots and cabin crews, and its positive impact on operations.

It said the truth came out as labour unrest forced the Dublin-based low-cost carrier last December to recognise unions for the first time, and led this summer to costly strikes that stranded thousands of passengers in several countries.

“Unbeknownst to investors, the company’s historical profit growth was built on an undisclosed and unsustainable foundation of worker exploitation and employee turnover,” the complaint said. “The decline in the price of Ryanair ADSs was the direct result of the nature and extent of defendants’ fraud finally being revealed to investors and the market.”

Ryanair cited labour issues on Oct. 1, when it cut its full-year profit forecast. Its share price closed that day more than one-third below its level in mid-March.

O’Leary, Ryanair’s chief executive since 1994, said last month he hoped to reach labour agreements with all of the carrier’s major unions before Christmas.

ADSs on June 30 accounted for 43.7 percent of Ryanair’s issued ordinary shares, assuming all were converted into ordinary shares, the company has said. Ryanair’s market value is roughly $16 billion, according to Refinitiv data.

The lawsuit was filed by the City of Birmingham Firemen’s and Policemen’s Supplemental Pension System. Its law firm Robbins Geller Rudman & Dowd specializes in securities fraud.

It is common for shareholders to sue companies in the United States after what they consider unexpected share price declines.

The case is City of Birmingham Firemen’s and Policemen’s Supplemental Pension System v Ryanair Holdings Plc, U.S. District Court, Southern District of New York, No. 18-10330.

(Reporting by Jonathan Stempel in New York; editing by Bill Berkrot)

Aerojet Stock Rockets 21% On Strong Earnings

August 1, 2018 /

Shares of rocket maker Aerojet Rocketdyne Holdings Inc. rose 21.6 percent on Tuesday following the release of quarterly earnings for the defense contractor.

Aerojet’s (NYSE: AJRD) holding company is based in El Segundo, where it moved two years ago, but its main subsidiary is still based in Rancho Cordova, where the company has made and tested rockets since 1951.

Click the link below for the full story!

Aerojet Stock Rockets 21%

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