Orders 5 more 320 to Expand Fleets
Cebu Pacific signed a deal for 5 Airbus planes at this year's Paris Air ShowLE BOURGET - Airbus, the European plane manufacturer owned by EADS, edged Boeing into big lead Tuesday as it announced that it will produce 24 A320 jets for the Middle Eastern airline Qatar Airways, 5 A320 jets for Philippine carrier Cebu Pacific, and 1 A320 prestige from a private Asian customer in a deal worth more than $2 billion.
"Of course, the figure could be less, but I'm keeping this target of 300," Leahy said.
US aviation giant meanwhile did not announce any orders on the first day but Boeing Company executives said the industry's prospects were robust, yet the Chicago-based rival has reported no new orders so far.
"At this point it appears to us that the economic conditions have bottomed," said Scott Carson, President and Chief Executive of Boeing's commercial aircraft division. "If they have bottomed and a recovery comes next year, I think we have a shot at getting through."
The commercial aviation industry has been hit hard by the global downturn, with its airline customers expected to sustain $9bn of losses this year, according to industry body International Air Transport Association (IATA).
Qatar Airways Chief Executive Akbar Al Baker said the A320s represent new orders, while the remaining four are A321 models announced at the Farnborough Air Show last year.
Mr Al Baker said the aircraft would be delivered from November this year and used to expand its regional, Eastern European and Southwest Asian services.
He added Qatar Airways was "determined to grow" with the world's best aircraft at the heart of a modern and fuel-efficient fleet.
The airline had earlier signed a $100-million OnPoint solution agreement with GE Aviation’s services business. The 12-year service contract includes general maintenance and repairs, parts procurement, technology upgrades, engine leasing, and overhaul of the CFM56-5B engines. CFM56-5B engines are the product of CFM International, a 50/50 joint company between General Electric Company and Snecma (SAFRAN Group).
OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. Backed by GE's global support network, OnPoint services may include overhaul, on wing support, new and used-serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.
Cebu Pacific President and CEO Lance Gokongwei said the additional orders are needed because of the airline’s expanding domestic and international operations.
Vietnam Airlines total order is worth around $1.9 billion when it firmed two more A350-900s worth $480 million. It placed a firm order for 10 A350 XWBs in December 2007 .
Tuesday's deal increases the total number of orders placed by Vietnam Airlines for A321 to 41, of which 14 have already been delivered."Vietnam will remain one of the key growth markets in Asia in coming years," Airbus Chief Executive Tom Enders told the news conference.