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By Tim Hepher and Joanna Plucinska PARIS (Reuters) -European planemaker Airbus is nearing a deal to sell A220 passenger jets to Polish carrier LOT after a hard-fought and politically charged contest with Brazilian planemaker Embraer,
Now, with the €4.5 billion ($4.9 billion) Phase 2 approaching in 2026 paving the way to develop several demonstrators including a flying demonstrator, a sensor testbed and a demonstrator powerplant, Airbus CEO Guillaume Faury hinted that the transition from Phase 1B to Phase 2 is “not going to be easy.”
Airbus has released its newest Global Market Forecast indicating that between 2025 and 2044, around 43,420 new passenger and freighter aircraft will be needed.
Airbus on Friday named the head of its Canada operation, which oversees the A220 jet, to run its global supply chain.
PARIS—Reaching its airliner production goals is becoming “a bit more difficult every day,” Airbus CEO Guillaume Faury says on the eve of the 2025 Paris Air Show. Yet the manufacturer's plans for ramping up output “remain the same.”
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The plane manufacturer said that the growth in air travel will require 43,400 new passenger and freighter aircraft deliveries over the next 20 years.
European planemaker Airbus is nearing a deal to sell A220 passenger jets to Polish carrier LOT after a hard-fought contest with Brazilian planemaker Embraer , industry sources said on Friday.
Airbus SE deliveries remain low, but the backlog supports sustained growth in deliveries for years to come. Click here to find out why EADSY stock is a Buy.
Airbus SE predicted the global commercial aircraft fleet will double in size to almost 50,000 planes over the next 20 years, spurred by rapid growth in markets like India, where a rising middle class increasingly takes to air travel.
Airbus is looking to use the A321XLR's wing on earlier models of the A321neo, to improve performance and simplify its industrial system. The long-range A321XLR - which entered service last year - features a number of aerodynamic changes including a single-slotted inboard flap design.
Airbus revised up its forecast for airplane demand over the next 20 years on Thursday, telling investors and suppliers the air transport industry was expected to ride out the current wave of trade tensions.