Airbus upbeat on freighter gross sales, performs down provide chain fears By Reuters


© Reuters. FILE PHOTO: A emblem of Airbus is seen on the entrance of its manufacturing facility in Blagnac close to Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier

By Chen Lin

SINGAPORE (Reuters) – Airbus voiced optimism on Monday about gross sales of a brand new A350 freighter after Boeing (NYSE:) launched a competing cargo model of its future 777X jetliner to faucet right into a freight increase.

Airbus launched the freighter model of its A350 wide-body jet final 12 months to deal with rising air cargo demand and penetrate a worthwhile a part of the jet market dominated by Boeing, which hit again with a 777X freighter launch order from Qatar Airways.

“Sure, you possibly can anticipate to see extra orders for the A350 freighter,” Chief Industrial Officer Christian Scherer mentioned on the eve of the Singapore Airshow, however declined to provide a timeline.

Provisional clients for the A350 freighter embrace Singapore Airways (OTC:) which may affirm a provisional order to coincide with this week’s air present, delegates mentioned.

The airline signed a tentative deal in December to purchase seven A350 freighters and turn into its first main airline operator.

However the deal additionally includes dropping earlier orders for 15 A320neo jets and two A350-900 passenger variations. Each Airbus and Boeing have agreed to transform some passenger aircraft orders to be able to safe wins for his or her new twin-engined freighters.

Scherer declined touch upon a dispute with Qatar Airways which has led the Gulf service to refuse to think about shopping for the A350 freighter and again Boeing’s 777X cargo model.

It has additionally positioned a provisional order for at the least 25 Boeing 737 MAX jets, after Airbus revoked an order for A321neos as a part of the identical dispute over floor injury to A350 jets.

“There is no such thing as a further remark,” Scherer mentioned when requested whether or not the A321neos might be resold to airways in Asia.

SUPPLY CHAIN

The Airbus govt mentioned he was not essentially involved about provide chain issues when requested whether or not provides of Russian titanium might be swept up in any sanctions dispute with the West ensuing from tensions over Ukraine.

“Basically, we aren’t involved concerning the structural challenge,” Scherer mentioned.

Boeing additionally indicated on Monday it was not involved about Russian titanium provides, however mentioned it was preserving an in depth watch on different business provide chain pinch factors.

Considerations over the Ukraine disaster drove down European shares on Monday, together with Airbus which fell 3% and main airways which fell by as a lot as 6%.

Each planemakers had been talking forward of Asia’s largest aerospace occasion, the place attendance has been severely hit by coronavirus journey restrictions.

Airbus mentioned it had firmed up orders from two airways that had beforehand positioned provisional commitments.

These contain an order for 20 A220 small jetliners from leasing firm Aviation Capital Group, a subsidiary of Tokyo Century Corp, in addition to an order for 28 A320neo jets from Kuwaiti service Jazeeera Airways.

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