Airbus will start making a new single-aisle long-range jet, beating rival Boeing to the market in this category. The European plane maker launched the A321XLR jet Monday at the Paris Air Show, saying it will be ready for customers in 2023 and will fly up to 4,700 miles (7,560 kilometers). Chief salesman Christian Scherer would not say how much the plane would cost to develop, but said it would be significantly less than building a whole new plane because it is an upgraded version of the existing A321. It was the biggest new plane announcement expected at the Paris Air Show gathering of aviation industry powerhouses. Boeing is considering whether to build a new jet the concept is dubbed New Midsize Airplane, or NMA that would be close in size to the A321XLR. It would fill a gap in the Boeing lineup between the smaller 737 and the larger 777 and 787. Right after the launch, Los Angeles-based Air Lease Corporation signed a letter of intent to buy 27 of the new Airbus planes.
Airbus is close to signing a deal to sell A330neo jets to Virgin Atlantic
According to the ED, the terms and conditions approved by the then Cabinet Committee on Security to purchase aircraft were deleted and a new condition was added in the purchase agreement with Airbus
The world's largest planemaker is using its accelerator programme BizLab to support start-ups in areas such as artificial intelligence, data analytics, drones and cybersecurity
In late March, Germany extended the ban on arms exports to Saudi Arabia until the end of September, with a few exceptions
It conducts a wide-ranging internal crackdown and deals with outside fraud probes
The mammoth order comprises 290 A320-series narrow-body planes and 10 A350 wide-bodies, French President Emmanuel Macron's office said
On big jetliners, Boeing now the bull and Airbus the bear
That's the question one airline is grappling with for its 20-hour nonstop flights
Demonstration flights will be performed by the new generation tactical airlifter C295 which can perform multi-role operations under all weather conditions
Dubai's Emirates is exploring switching some orders for the superjumbo to the smaller A350 in a move that has Airbus looking closely at closing A380 factories sooner than expected
Airbus delivered 800 jets, up 11%, including 20 of the small A220 model, leaving Boeing as the world's largest planemaker by manufacturing volume for a seventh straight year
The Centre would support aspiring entrepreneurs seeking to dabble in the aerospace and defence sectors
AgniKul Cosmos is currently developing launching vehicles for unmanned missions
Airbus has been struggling with fresh industrial problems as production of its fast-selling A321neo passenger jet hit a snag in Hamburg, Germany
The European plane-maker is targeting deliveries of around 800 commercial aircraft this year, an 11 per cent jump from 2017
The board met on Monday to discuss the transition amid a growing leadership vacuum in the wake of a series of management departures
The number of Airbus A320neo planes in the country has crossed the 100-mark, including 50 with budget carrier IndiGo alone, despite some of these planes with Pratt & Whitney (P&W) engines reporting serious glitches such as mid-air engine shut-down. At present, four domestic carriers -- Government-run Air India and private airlines IndiGo, GoAir and Vistara -- have A320neo planes in their fleets beside other aircraft. The A320neos operated by IndiGo and GoAir are fitted with P&W engines, while the planes in Air India and Vistara fleets are powered by CFM engines. "With budget carrier IndiGo taking five aircraft in the previous month, the number of A320neo planes in the country now stands at 102," according to a source. IndiGo has now 50 A320neo aircraft, followed by GoAir which has 22. Air India so far has inducted 21 such planes while Vistara has taken delivery of nine of these planes, as per the source. The Gurugram-based IndiGo was the first carrier in Asia
Sources familiar with the company said it had not been excluded that Faury would become CEO as early as this year
Asia Pacific is likely to have 3.5 billion passengers by 2036