Tag: Deliveries (Page 8 of 8)

Airbus Says A320neo India Deliveries Back on Track

February 20, 2019 / WIL BALDWIN

Bengaluru (Reuters) – European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet’s Pratt & Whitney engines, a senior company executive said on Wednesday.

“Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months,” said Airbus’ India head Anand Stanley, on the sidelines of the Aero India airshow in Bengaluru.

Last month, India’s aviation safety watchdog forced airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines, as part of new safety protocols after temporary grounding orders affected the planes last year.

IndiGo, India’s biggest carrier by market share, and its low-cost rival GoAir, both fly the A320neos.

The aircraft, which entered service in early 2016, boasts significant fuel efficiency benefits, but it has been plagued by teething issues with its engines that have forced Interglobe Aviation-owned IndiGo and Wadia Group-owned GoAir to regularly ground a number of the planes.

This caused a backlog in deliveries of the planes by Airbus.

IndiGo has over 60 A320neos in its fleet and is one of Airbus’ biggest global customer with over 400 more A320neo and A321neo jets on order. GoAir has about 30 A320neos in its fleet and over 100 more of the jets ordered.

Stanley said that the reliability rate on A320neo engines is now 99.6 percent and that it has retrofitted engines of about 95 percent of the A320neos in service. It expects to finish work on the remainder in the next two months.

(Reporting by Aditi Shah; Writing by Euan Rocha; editing by Emelia Sithole-Matarise)

Boeing Profit Beats; Targets 900 Plane Deliveries in 2019

January 30, 2019 / WIL BALDWIN

(Reuters) – Boeing Co topped expectations with both quarterly profit and its forecast for 2019 cash flow on Wednesday, as a boom in air travel underpinned a prediction for full-year deliveries of around 900 commercial airplanes.

The company said it expects to deliver between 895 and 905 commercial aircraft in 2019, up from the 806 units it delivered last year, which kept it ahead of rival Airbus as the world’s biggest planemaker for the seventh straight year.

Boeing’s shares rose 6.4 percent to $388.25 in early trading in response, helping lift the U.S. stock futures.

Investors closely watch the number of planes Boeing turns over to airlines and leasing firms in a year for hints on the company’s cash flow and revenue.

The company forecast operating cash flow between $17 billion (13 billion pounds) and $17.5 billion in 2019, compared with cash flow of $15.32 billion in 2018, and above analysts’ average estimate of $16.73 billion, according to IBES data from Refinitiv.

It expected 2019 core earnings between $19.90 per share and $20.10 per share, and revenue between $109.5 billion and $111.5 billion.

Those numbers indicate that the fuselage and engine delays at suppliers that dominated last year are largely behind Boeing.

Boeing’s core earnings rose to $5.48 per share in the fourth quarter ended Dec. 31, from $5.07 per share a year earlier, and came in above Wall Street’s estimate of $4.57 per share.

Quarterly revenue rose 14.4 percent to $28.34 billion, above analysts’ average expectation of $26.87 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

Image from http://www.boeing.com

Airbus achieves new commercial aircraft delivery record in 2018

January 10, 2019 / WIL BALDWIN

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 100^th delivery, and is now producing in excess of four units per month. Meanwhile, Airbus’ “FAL Asia” in Tianjin, China, achieved its 400^th 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

Airbus Says A320neo India Deliveries Back on Track

Boeing Profit Beats; Targets 900 Plane Deliveries in 2019

Airbus achieves new commercial aircraft delivery record in 2018

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