Scoot, the low cost subsidiary of Singapore Airlines, has become a new operator of the A321neo, following the arrival in Singapore of its first three aircraft. All three aircraft are leased from BOC Aviation.
Scoot’s A321neo aircraft are powered by Pratt & Whitney PW1100G engines and seat 236 passengers in a single class layout. The aircraft cabin is based on the Airbus Cabin Flex option which enables optimal use of space. Scoot will operate the A321neo on routes of up to six hours from Singapore.
The A321neo is a member of the A320neo Family, of which Scoot has ordered a total of 39 aircraft from Airbus (including six A321neos) and is acquiring another 10 A321neos under lease agreements.
All of Scoot’s A320neo Family aircraft will be supported by Airbus Services under a Flight Hour Services Tailored Support Package covering component availability and repair, as well as fleet technical management.
The A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat.
PARIS (Reuters) – Airbus <EADSY> posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries.
The European planemaker said it had taken orders for 296 aircraft in January, including the recently finalised order for 102 planes from Air Lease Corp <AL> as well as 100 jets from U.S. low-cost carrier Spirit Airlines <SAVE>. After cancellations, it started the year with 274 net orders.
Cancellations included 20 single-aisle jets from Colombia’s Avianca, balanced by 20 orders for broadly similar aircraft from leasing company BOC Aviation in what some industry sources have described as a swap to ease their financing. Neither firm was available for comment.
Lufthansa <LHA.DE> canceled two A350 wide-body jets.
Rival Boeing, whose sales and deliveries have been affected by the grounding of its 737 MAX, has yet to post January data.
Airbus said on Thursday its deliveries from an overseas assembly plant in China had been halted amid the coronavirus outbreak. Airbus has joined other local companies in extending a routine shutdown planned for Chinese New Year, due to the impact of the health scare on its supply chains and logistics.
Airbus is expected to give targets next week and barring a worsening of the coronavirus crisis could shoot for record deliveries of at least 900 jets in 2020 as Boeing remains on a backfoot due to the MAX grounding, industry analysts say.
(Reporting by Tim Hepher; Editing by Alexandra Hudson)
FILE PHOTO: Logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse
Singapore-based lessor BOC Aviation Limited has placed a firm order with Airbus for 20 A320neo aircraft. Up to 12 of the newly-ordered aircraft will be leased to Colombia’s Avianca Airlines.
Featuring the widest single-aisle cabin in the sky, the A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, which together deliver 20% reduced fuel burn as well as 50% less noise compared to previous-generation aircraft.
SINGAPORE (Reuters) – Aircraft lessor BOC Aviation Ltd said on Tuesday it expected up to 30 Boeing Co <BA> and Airbus SE <EADSY> jets that had been scheduled to arrive this year could be delayed, primarily due to the Boeing 737 MAX grounding.
BOC said 18 jets that had been due in the first half had been delayed, including 12 A320neo’s due primarily to industrial constraints and 6 737 MAX’s as a result of the grounding.
For the full year, up to 7 A320neo’s and 23 737 MAX’s could be delayed, including three for which an airline customer has the right to acquire upon delivery, Asia’s second-biggest aircraft lessor said in a statement.
BOC said it was working with Boeing on a revised delivery timeframe.
Boeing last week estimated a return to service for the jet would begin early in the fourth quarter, but it did not rule out further reducing or temporarily shutting down production of the plane if that forecast needed to be revised.
U.S. carrier Southwest Airlines Co <LUV> last week removed the 737 MAX from its schedules until Jan. 5, 2020, saying it would need one to two months following regulatory approval to train pilots and prepare the jets for fresh commercial service.
(Reporting by Jamie Freed; Editing by Stephen Coates)
* Jet Airways says 28 planes grounded for non-payment of dues
* Lenders, Etihad yet to approve restructure (Adds graphic)
SINGAPORE,
March 8 (Reuters) – FLY Leasing Ltd has grounded three planes on lease
to India’s Jet Airways Ltd and will take them back and redeploy them
elsewhere if the airline cannot gain approvals for a restructuring plan
this month, the lessor’s CEO said.
Jet
Airways on Thursday said another three aircraft had been grounded due
to its failure to make payments, taking the total number to 28, but it
has not specified the lessors involved.
The
grounding of nearly one-quarter of the airline’s fleet has led to the
cancellation of hundreds of flights and complaints from customers on
social media.
Several
major global aircraft leasing companies, including AerCap Holdings NV
and BOC Aviation have exposure to the financially troubled airline,
which has defaulted on loans and has not paid pilots, leasing firms and
suppliers for months.
“We
have grounded our aircraft, we have control over our aircraft, but we
have not terminated the leases and we are waiting for the airline to
approve all its restructuring with the State Bank of India,” FLY Leasing
CEO Colm Barrington told analysts on a results call on Thursday.
“If
that goes through at the end of the month, obviously, we will stay with
Jet. If they can’t get that done, then we’ll take our aircraft back and
redeploy.”
The
airline had three relatively young Boeing Co 737-800s on lease to Jet
Airways, which accounted for around 3 percent of FLY Leasing’s revenue,
he said.
Jet
Airways has outlined a draft to sell a majority stake to a consortium
led by the State Bank of India at 1 rupee, under regulations that permit
banks to convert debt to equity in a defaulting firm.
The
stake sale will be followed by an equity raising, debt restructuring
and the sale and leaseback of jets to help plug a $1.2 billion funding
gap, but the plan needs approvals from several stakeholders, including
major shareholder Etihad Airways.
(Reporting by Jamie Freed in Singapore; Additional reporting by Chandini Monnappa in Bengaluru; Editing by Stephen Coates)
HONG KONG (Reuters) – BOC Aviation Ltd said on Thursday it would buy six new Boeing 787-9 aircraft from Boeing worth a combined $1.7 billion (£1.2 billion) at list prices.
Asia’s second-biggest aircraft lessor, which had 491 aircraft as of the end of last year, said it expected to take delivery of the aircraft in 2018 and 2019. The deal will be funded through cash on hand, loans and borrowings.
The Singapore-based company, which is majority-owned by Bank of China, this month posted a better-than-expected 40 percent rise in full-year net profit on higher revenue and U.S. tax cuts.
