Business » Companies
Author`s name Alex Naumov

US Airways to buy 92 Airbus jets

US Airways Group Inc. announced plans Monday to buy 92 Airbus aircraft to update its fleet and prepare for additional overseas flights. The deal provided a boost to Airbus, which outpaced its rival Boeing in terms of orders on the first day of the International Paris Air Show.

Neither Airbus nor Tempe-based US Airways would reveal the price of the agreement, although list prices of the craft would put the total order at $10 billion to $11 billion. It is likely, however, that US Airways paid less than that amount because the order was so large.

US Airways President Scott Kirby said the decision to pick Airbus over Boeing largely came down to delivery goals that fit better with the company's phase-out, phase-in schedule.

The airline will phase in new aircraft as it retires the B767 fleet. The updated planes will replace, not expand, the fleet, which accommodates about 360 planes.

US Airways said that 60 single-aisle Airbus A320 family aircraft are set to be delivered from 2010 to 2013.

An additional 10 A330-200 aircraft will enter the fleet starting in 2009. The remaining 22 Airbus A350 aircraft will be delivered in 2013.

Airline analyst Mike Boyd of the Boyd Group Inc. in Everett, Wash., called the order a good strategy.

"This allows them to make a hell of a deal on the A350s because they can afford to wait until they need them," he said.

Major international carriers should have the Boeing 787s when they come online next year. By the time US Airways is ready for the A350s, Boyd said, the planes could be among the most technologically advanced in the air, azcentral.com reports.

The so-far unfinished specifications of the A350 were not a concern because Qatar had been an "instrumental" Airbus customer in shaping the new plane, Chief Executive Officer Akbar al-Baker said at a press conference. "The aircraft definition is very tailor-made for Qatar Airways."

Airbus got a $4.2 billion order, at list prices, from GE's plane-leasing arm for 60 of the single-aisle A320 model series. Customers generally get substantial discounts from catalog prices with big orders.

Nouvelair, a Tunisian carrier, signed a firm order for two A320s. The engine choice hasn't yet been made. Air France-KLM Group signed a $1.9 billion pledge to purchase two additional A380s and 18 A320s. The order isn't yet firm.

The company also won an order 25 A320s valued at $1.75 billion from S7, Russia's second-biggest airline, which will take delivery of the aircraft starting in 2009, Bloomberg reports.

Source: agencies

Prepared by Alexander Timoshik
Pravda.ru

Discuss this article on Pravda.ru English Forum

Comments
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin in Egypt: Who's the big player in the Middle East?
Putin in Egypt: Who's the big player in the Middle East?
US military men depressed over of Russia's new T-5000 sniper rifle
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
US military men depressed over of Russia's new T-5000 sniper rifle
Turkish President Erdogan issues ultimatum to Washington and Brussels
Child model from Russia ranked most beautiful girl in the world
Russia works on MiG-41 doomsday fighter jet
US military men depressed over of Russia's new T-5000 sniper rifle
US military men depressed over of Russia's new T-5000 sniper rifle
Russia to rebuild its former Soviet naval base in Syria's Tartus
Lenin planted the seeds that destroyed the USSR
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
The need for a Global Political Agenda 2018
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet