Latest news with #A320-family
Mint
3 days ago
- Business
- Mint
Airbus set to break Boeing's long-held aviation record: Details here
(Bloomberg) -- In 1981, the year Airbus SE announced it would build a new single-aisle jetliner to take on Boeing Co., the 737 ruled the roost. The US-made narrowbody, already in use for more than a decade, had reshaped the airline industry by making shorter routes cheaper and more profitable to operate. By 1988, when Airbus began producing its upstart A320, Boeing had built a formidable lead by delivering some 1,500 of its cigar-shaped best-seller. It's taken the better part of four decades, but Airbus has finally caught up: The A320 series is poised to overtake its US competitor as the most-delivered commercial airliner in history, according to aviation consultancy Cirium. As of early August, Airbus had winnowed the gap to just 20 units, with 12,155 lifetime A320-family shipments, according to the data. That difference is likely to disappear as soon as next month. 'Did anyone back then expect it could become number one – and on such high production volumes?' Max Kingsley-Jones, head of advisory at Cirium Ascend, wrote of the A320 in a recent social-media post. 'I certainly didn't, and nor probably did Airbus.' The A320's success mirrors the European planemaker's decades-long rise from fledgling planemaker to serious contender, and finally Boeing's better. By the early 2000s, annual deliveries of the A320 and its derivatives had surpassed the 737 family; total orders eclipsed the Boeing jet in 2019. But the 737 stubbornly remained the most-delivered commercial aircraft of all time. At the outset, Airbus faced an uphill battle. The European planemaker, an assemblage of aerospace manufacturers formed in 1970 with backing from European governments, didn't yet offer a full aircraft lineup. Infighting hindered everything from product planning to manufacturing, and leadership decisions had to finely balance French and German commercial and political interests. Yet it was clear even then that Airbus needed a presence in the narrowbody segment to firmly establish itself as Boeing's top rival. Those aircraft are by far the most widely flown category in commercial aviation, typically connecting city pairs on shorter routes. Higher fuel costs and the deregulation of the US aviation industry in the late 1970s had given the European planemaker an opening with American airline executives, who clamored for an all-new single-aisle, according to a history of Airbus written by journalist Nicola Clark. To set the A320 apart, Airbus took some risks. It selected digital fly-by-wire controls that saved weight over traditional hydraulic systems, and gave pilots a side-stick at their right or left hand instead of a centrally mounted yoke. The aircraft also sat higher off the ground than the 737 and came with a choice of two engines, giving customers greater flexibility. Airbus's gamble paid off. Today, the A320 and 737 make up nearly half of the global passenger jet fleet in service. And the A320's success contrasts with strategic blunders like the A380 behemoth that proved short-lived because airlines couldn't profitably operate the giant plane. Boeing maintained that smaller, nimbler planes like the 787 Dreamliner would have an edge — a prediction that proved right. Yet the longtime dominance of the two narrowbody aircraft raises questions about the vitality of a duopoly system that favors stability over innovation. Both airplane makers have repeatedly opted for incremental changes that squeeze efficiencies out of their top-selling models, rather than going the more expensive route of designing a replacement aircraft from scratch. Airbus was first to introduce new engines to its A320, turning the neo variant into a huge hit with airlines seeking to cut their fuel bill. Under pressure, Boeing followed, but its approach proved calamitous. The US planemaker came up with the 737 Max, strapping more powerful engines onto the aircraft's aging, low-slung frame. It installed an automated flight-stabilizing feature called MCAS to help manage the higher thrust and balance out the plane. Regulators later found MCAS contributed to two deadly 737 Max crashes that led to a global grounding of the jet for 20 months, starting in 2019. More recently, Airbus has been bedeviled by issues with the fuel-efficient engines that power the A320neo. High-tech coatings that allow its Pratt & Whitney geared turbofans to run at hotter temperatures have shown flaws, forcing airline customers to send aircraft in for extra maintenance, backing up repair shops and grounding hundreds of jets waiting for inspection and repair. With both narrowbody families near the end of their evolutionary timeline, analysts and investors have begun asking about what's next. China, for its part, is seeking to muscle into the market with its Comac C919 model that's begun operating in the country, but hasn't so far been certified to fly in Europe or the US. Boeing Chief Executive Officer Kelly Ortberg said in July that the company is working internally toward a next-generation plane, but is waiting for engine technology and other factors to fall into place, including restoring cash flow after years of setbacks. 'That's not today and probably not tomorrow,' he said on a July 29 call. Airbus's healthier finances give it more flexibility to explore design leaps. CEO Guillaume Faury toyed with rolling out a hydrogen-powered aircraft — potentially with a radical 'flying wing' design — in the mid-2030s but has since pushed back the effort to focus on a conventional A320 successor. The Toulouse, France-based company is considering an open-rotor engine that would save fuel through its architecture rather than the current jet turbines that push the limits of physics to eke out gains. Speaking at the Paris Air Show in June, Faury called the A320 'quite an old platform' and affirmed plans to launch a successor by the end of this decade, with service entry in the mid-2030s. 'I have a lot of focus on preparing that next-generation of single aisle,' Faury said. 'We are very steady and very committed to this.' --With assistance from Jinshan Hong.
Mint
3 days ago
- Business
- Mint
Airbus Is About to Eclipse a Record That Boeing Held for Decades
(Bloomberg) -- In 1981, the year Airbus SE announced it would build a new single-aisle jetliner to take on Boeing Co., the 737 ruled the roost. The US-made narrowbody, already in use for more than a decade, had reshaped the airline industry by making shorter routes cheaper and more profitable to operate. By 1988, when Airbus began producing its upstart A320, Boeing had built a formidable lead by delivering some 1,500 of its cigar-shaped best-seller. It's taken the better part of four decades, but Airbus has finally caught up: The A320 series is poised to overtake its US competitor as the most-delivered commercial airliner in history, according to aviation consultancy Cirium. As of early August, Airbus had winnowed the gap to just 20 units, with 12,155 lifetime A320-family shipments, according to the data. That difference is likely to disappear as soon as next month. 'Did anyone back then expect it could become number one – and on such high production volumes?' Max Kingsley-Jones, head of advisory at Cirium Ascend, wrote of the A320 in a recent social-media post. 'I certainly didn't, and nor probably did Airbus.' The A320's success mirrors the European planemaker's decades-long rise from fledgling planemaker to serious contender, and finally Boeing's better. By the early 2000s, annual deliveries of the A320 and its derivatives had surpassed the 737 family; total orders eclipsed the Boeing jet in 2019. But the 737 stubbornly remained the most-delivered commercial aircraft of all time. At the outset, Airbus faced an uphill battle. The European planemaker, an assemblage of aerospace manufacturers formed in 1970 with backing from European governments, didn't yet offer a full aircraft lineup. Infighting hindered everything from product planning to manufacturing, and leadership decisions had to finely balance French and German commercial and political interests. Yet it was clear even then that Airbus needed a presence in the narrowbody segment to firmly establish itself as Boeing's top rival. Those aircraft are by far the most widely flown category in commercial aviation, typically connecting city pairs on shorter routes. Higher fuel costs and the deregulation of the US aviation industry in the late 1970s had given the European planemaker an opening with American airline executives, who clamored for an all-new single-aisle, according to a history of Airbus written by journalist Nicola Clark. To set the A320 apart, Airbus took some risks. It selected digital fly-by-wire controls that saved weight over traditional hydraulic systems, and gave pilots a side-stick at their right or left hand instead of a centrally mounted yoke. The aircraft also sat higher off the ground than the 737 and came with a choice of two engines, giving customers greater flexibility. Airbus's gamble paid off. Today, the A320 and 737 make up nearly half of the global passenger jet fleet in service. And the A320's success contrasts with strategic blunders like the A380 behemoth that proved short-lived because airlines couldn't profitably operate the giant plane. Boeing maintained that smaller, nimbler planes like the 787 Dreamliner would have an edge — a prediction that proved right. Yet the longtime dominance of the two narrowbody aircraft raises questions about the vitality of a duopoly system that favors stability over innovation. Both airplane makers have repeatedly opted for incremental changes that squeeze efficiencies out of their top-selling models, rather than going the more expensive route of designing a replacement aircraft from scratch. Airbus was first to introduce new engines to its A320, turning the neo variant into a huge hit with airlines seeking to cut their fuel bill. Under pressure, Boeing followed, but its approach proved calamitous. The US planemaker came up with the 737 Max, strapping more powerful engines onto the aircraft's aging, low-slung frame. It installed an automated flight-stabilizing feature called MCAS to help manage the higher thrust and balance out the plane. Regulators later found MCAS contributed to two deadly 737 Max crashes that led to a global grounding of the jet for 20 months, starting in 2019. More recently, Airbus has been bedeviled by issues with the fuel-efficient engines that power the A320neo. High-tech coatings that allow its Pratt & Whitney geared turbofans to run at hotter temperatures have shown flaws, forcing airline customers to send aircraft in for extra maintenance, backing up repair shops and grounding hundreds of jets waiting for inspection and repair. With both narrowbody families near the end of their evolutionary timeline, analysts and investors have begun asking about what's next. China, for its part, is seeking to muscle into the market with its Comac C919 model that's begun operating in the country, but hasn't so far been certified to fly in Europe or the US. Boeing Chief Executive Officer Kelly Ortberg said in July that the company is working internally toward a next-generation plane, but is waiting for engine technology and other factors to fall into place, including restoring cash flow after years of setbacks. 'That's not today and probably not tomorrow,' he said on a July 29 call. Airbus's healthier finances give it more flexibility to explore design leaps. CEO Guillaume Faury toyed with rolling out a hydrogen-powered aircraft — potentially with a radical 'flying wing' design — in the mid-2030s but has since pushed back the effort to focus on a conventional A320 successor. The Toulouse, France-based company is considering an open-rotor engine that would save fuel through its architecture rather than the current jet turbines that push the limits of physics to eke out gains. Speaking at the Paris Air Show in June, Faury called the A320 'quite an old platform' and affirmed plans to launch a successor by the end of this decade, with service entry in the mid-2030s. 'I have a lot of focus on preparing that next-generation of single aisle,' Faury said. 'We are very steady and very committed to this.' --With assistance from Jinshan Hong. More stories like this are available on
Mint
05-06-2025
- Business
- Mint
THIS defence stock rallies 14% to hit 52-week high, surges 56% in five sessions. Do you own?
Sika Interplant Systems share price surged as much as 13.59 per cent to hit 52-week high in Thursday's trading session to ₹ 1,347.7 apiece on Bombay Stock Exchange (BSE). Sika Interplant Systems stock rallied after the company announced on Tuesday that it had signed a major License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both subsidiaries of Collins Aerospace, which is a part of RTX Corporation (previously known as Raytheon Technologies). ' We wish to inform you that SIKA Interplant Systems Limited ('SIKA') has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace ('Collins'),' the company said in an exchange filing. According to the filing, the agreement grants Sika the authority to carry out maintenance, repair, and overhaul (MRO) services for certain primary flight control actuation components for which Collins is the original equipment manufacturer (OEM). These components are essential parts of the Airbus A320 and A321 aircraft series, which rank among the most widely operated commercial aircraft worldwide. As per the agreement, Sika Interplant Systems has been granted a license to maintain aircraft components for planes registered in India and certain nearby countries, broadening the company's regional reach. This development represents a key strategic achievement for Sika, in line with its goal to strengthen its Maintenance, Repair, and Overhaul (MRO) capabilities to better support the aviation and aerospace industries across India and its neighboring regions. The partnership designates Sika as an authorized MRO provider for Collins Aerospace components, potentially opening doors to greater business opportunities from both commercial airlines and defense aviation operators using A320-family aircraft. Sika Interplant Systems share price has rallied over 56 per cent in past five trading sessions and over 80 per cent in over a month. The defence stock has given multibagger returns to its long-term investors by soaring over 166.37 per cent in one year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
05-06-2025
- Business
- Economic Times
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Live Events Sika Interplant Systems share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
Time of India
05-06-2025
- Business
- Time of India
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sika Interplant Systems share price history Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
