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Indonesian Carrier Orders $24 Billion in Jets From Airbus

March 18, 2013 by Leave a Comment

PARIS — Airbus said Monday that it had a received an order for $24 billion worth of new single-aisle jets from the Indonesian budget airline Lion Air, marking a significant inroad for the European plane maker into one of Asia’s fastest-growing air travel markets that until now has been dominated by its American rival, Boeing.

The firm order, for 234 of the company’s popular A320- and A321-series jets, was announced by top executives of Airbus and Lion Air at a ceremony in Paris overseen by France’s president, François Hollande. The signing is part of a series of events planned by the government this week aimed at promoting France’s manufacturing industry, which is struggling amid Europe’s economic downturn.

The first of the new planes, which sell for between $92 million and $117 million each at list prices, were expected to be delivered in 2014.

The announcement in the gilt halls of France’s Elysée Palace follows an equally high-profile ceremony in Jakarta in 2011, when President Barack Obama attended the signing of a $22 billion deal between Lion Air and Boeing.

Despite only modest signs of a global economic recovery, many of the world’s established airlines are continuing to order new jets at a rapid pace as they seek to upgrade to more energy-efficient models amid stubbornly high fuel prices.

Lion Air’s latest deal follows a flurry of new orders for new jets announced last week, totaling more than $30 billion at list prices. Lufthansa, the German flag carrier, announced orders for more than 100 new single-aisle and wide-body planes from both Airbus and Boeing, while Turkish Airlines said it would purchase up to 117 Airbus single-aisle planes. Ryanair, the Irish discount carrier, is also expected to reach a deal soon for up to $15 billion worth of Boeing 737 jets.

Meanwhile, emerging markets, particularly in Southeast Asia, are experiencing a boom in air traffic demand as higher incomes give rise to a growing middle class. The Indonesian archipelago alone is expected to see air traffic double over the next five years.

The spectacular growth in Indonesian air travel, however, has some air safety experts concerned that country’s infrastructure and regulatory oversight have been unable to keep pace with the expansion. The European Union, for example, which maintains a list of what it says are unsafe airlines, bars all but one Indonesian carrier — Garuda Indonesia — from its skies.

Article source: http://www.nytimes.com/2013/03/19/business/global/indonesian-carrier-orders-24-billion-in-jets-from-airbus.html?partner=rss&emc=rss

Filed Under: Global Business Tagged With: , ,

Airbus Raises Its Forecast for Aircraft Demand

September 19, 2011 by Leave a Comment

The European plane maker predicted that airlines would buy 27,800 new jets by 2030. That represented an increase of 7 percent from its previous forecast of 26,000 planes, which was made last December, before a wave of orders this year for new Airbus jets from Asian carriers.

Airbus, based in Toulouse, France, said that the new orders would be worth $3.5 trillion, up 9.4 percent from the $3.2 trillion forecast nine months ago.

Still, Airbus’s forecasts remained below those of its main rival, Boeing, which has been slightly more optimistic on the rate of passenger growth for several years running. In June, Boeing predicted sales of 33,500 new jets through 2030 worth $4 trillion.

Airbus said it expected passenger traffic globally to grow at an annual rate of 4.8 percent over the next two decades, just below the roughly 5 percent average rate of the past 30 years. Boeing’s most recent forecast predicted a growth rate of 5.3 percent.

According to Airbus’s forecast, more than one-third of the demand for new planes will come from the Asia-Pacific region, particularly from India and China, where domestic air passenger traffic is expected to grow at an average annual pace of 9.8 percent and 7.2 percent, respectively, over the next two decades.

This year, Airbus received several major orders from Asia for its single-aisle jets, including a record-breaking $18 billion deal for 200 planes from AirAsia, the Malaysian low-cost airline, and two large deals with Indian carriers: a $16.6 billion sale of 150 planes to GoAir and a further 180-plane order from IndiGo, worth $16 billion.

Even in the highly developed air travel markets of the United States and Europe, where economic growth has recently stalled, Airbus predicted robust traffic growth over the long term, propelled largely by budget carriers. Domestic air travel demand in North America was likely to grow at a strong clip of 11 percent a year, Airbus said, while within western Europe, traffic was expected to increase by 7.5 percent annually.

“The aviation sector is an essential element for today’s global economy which is why more people than ever need and want to fly,” John Leahy, Airbus’s chief salesman, said in a statement.

The vast majority of new jet sales were expected to be in the single-aisle category of planes like the Boeing 737 and the Airbus A320, which normally seat around 150 passengers. Airbus predicted that nearly 70 percent of sales over the next 20 years — 19,200 aircraft worth $1.4 billion by 2030 — would be of this type. Forty percent of those planes would be used to replace aging, less fuel-efficient aircraft, Airbus said, while half of new single-aisle deliveries were likely to go to airlines in North America and Europe.

The single-aisle segment is the most hotly contested for both Boeing and Airbus, which each claim about half of the market. But the two companies are expected to begin to face competition at the beginning of the next decade when other manufacturers — including Bombardier of Canada and Embraer of Brazil — are forecast to start deliveries of jets that can seat similar numbers of passengers.

Article source: http://feeds.nytimes.com/click.phdo?i=8659bd4fe2be4fe898c8f42687792609

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Boeing Raises Forecast for Sales by 8.5%

June 17, 2011 by Leave a Comment

The plane maker predicted that airlines would buy 33,500 new jets through 2030. That represented an increase of 8.5 percent from its previous forecast of 30,900 planes, made last July as airlines were just beginning to emerge from a downturn set off by the 2008-9 financial crisis.

Boeing, based in Chicago, said that the new orders would be worth $4 trillion, up 11 percent from the $3.6 trillion forecast a year ago.

“Not only is there a strong demand for air travel and new airplanes today,” said Randy Tinseth, vice president for marketing at Boeing’s commercial airplanes division, “but the fundamental drivers of air travel — including economic growth, world trade and liberalization — all point to a healthy long-term demand.”

The 20-year forecast from Boeing was announced in advance of the Paris Air Show, which opens Monday at Le Bourget Airport.

Airbus in December predicted sales of 26,000 commercial planes through the end of 2029, with a market value of $3.2 trillion.

The International Air Transport Association, a trade group based in Geneva, predicted this month that carriers would report a collective profit of about $4 billion this year after recording a $18 billion profit in 2010. The industry lost a combined $26 billion in the 2008-9 period.

Boeing predicted that global gross domestic product growth would average about 3.3 percent a year over the next 20 years, with the economies of China and India each expected to expand by about 7 percent annually. Global air traffic was likely to continue growing at an average yearly rate of just over 5 percent. Within the Asia-Pacific region, air traffic was likely to grow by an average of 7 percent a year, Boeing said, compared with just 2.3 percent annual growth within North America and 4 percent in Europe.

“We expect passenger traffic to almost triple over the next 20 years, while cargo will more than triple,” Mr. Tinseth said.

The majority of new aircraft sales — about 70 percent — would be of single-aisle planes like the Boeing 737 and the Airbus A320, which normally seat about 150 to 200 passengers, Boeing said. Twin-aisle wide bodies like Airbus’s planned A350-XWB and the coming Boeing 787 Dreamliner would represent about 22 percent.

The single-aisle segment is the most hotly contested for both Boeing and Airbus, which each claim about 50 percent of the market. But the two companies are expected to begin to face competition at the beginning of the next decade when other manufacturers — including Bombardier of Canada and Embraer of Brazil — are expected to start deliveries of jets that can seat similar numbers of passengers.

Article source: http://feeds.nytimes.com/click.phdo?i=2f5d59172902417c8a73f8951e8d44bc

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Boeing Raises Forecast for Commercial Airplane Demand

June 16, 2011 by Leave a Comment

PARIS — Boeing on Thursday raised its long-range forecast for commercial aircraft demand, citing expectations that annual increases in passenger and cargo traffic — particularly in Asia — would continue to outpace average global economic growth over the next two decades.

The U.S. plane maker predicted that airlines would buy 33,500 new jets through 2030. That represented an increase of 8.5 percent from its previous forecast of 30,900 planes made last July as airlines were just beginning to emerge from a downturn triggered by the 2008-2009 financial crisis.

Boeing, based in Chicago, said the new orders would be worth $4 trillion, up 11 percent from the $3.6 trillion forecast a year ago.

“The world market has recovered and is now expanding at a significant rate,” said Randy Tinseth, vice president of marketing at Boeing’s commercial airplanes division. “Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel — including economic growth, world trade and liberalization — all point to a healthy long-term demand.”

The 20-year forecast from Boeing was announced in advance of the Paris Air Show, which opens Monday at Le Bourget airport, north of the capital. It compares with one published by Airbus in December, which predicted sales of 26,000 commercial planes through the end of 2029, with a market value of $3.2 trillion.

The International Air Transport Association, a trade group based in Geneva, predicted this month that carriers would report a collective profit of around $4 billion this year after recording a $18 billion profit in 2010. The industry lost a combined $26 billion in the 2008-2009 period.

Boeing predicted global gross domestic product growth would average around 3.3 percent per year over the next 20 years, with the economies of China and India each expected to expand by around 7 percent annually. Global air traffic was likely to continue growing at an average yearly clip of just over 5 percent. Within the Asia-Pacific region, air traffic was likely to grow by an average of 7 percent a year, Boeing said, compared with just 2.3 percent annual growth within North America and 4 percent within Europe.

“We expect passenger traffic to almost triple over the next 20 years, while cargo will more than triple,” Mr. Tinseth said.

The vast majority of new aircraft sales — around 70 percent — would be of single-aisle planes like the Boeing 737 and the Airbus A320, which normally seat around 150-200 passengers, Boeing said. Twin-aisle wide-bodies like Airbus’s planned A350-XWB and the forthcoming Boeing 787 “Dreamliner” would represent about 22 percent.

The single-aisle segment is the most hotly contested for both Boeing and Airbus, which each claim roughly 50 percent of the market. But the two companies are expected to begin to face competition at the beginning of the next decade when other manufacturers — including Bombardier of Canada, Comac of China and Embraer of Brazil — are expected to start deliveries of jets that can seat similar numbers of passengers to the 737 and the A320.

Boeing said it expected single-aisle jet sales over the next 20 years would reach $1.9 trillion, surpassing an expected $1.8 trillion for wide-bodies.

Article source: http://www.nytimes.com/2011/06/17/business/global/17boeing.html?partner=rss&emc=rss

Filed Under: Global Business Tagged With: , ,