Latest news with #A350F
Yahoo
06-08-2025
- Business
- Yahoo
Air Lease confirms canceled order for Airbus A350 freighter
Air Lease Corp. has canceled its order with Airbus for seven A350 next-generation freighter jets, the company's top executive said on Monday's earnings call with analysts. Airbus quietly revealed that Air Lease (NYSE: AL)had backed out of the order when its monthly orders and delivery report on July 9 indicated seven fewer orders for the new widebody cargo aircraft. Air Lease officials at the time refused to comment on the change. Chief Executive Officer John Plueger confirmed that Air Lease canceled the Airbus, saying development delays and the proliferation of tariffs contributed to the decision. 'We think the A350F is a terrific freighter, but since we made that order in December of 2021, we simply decided to stick with new passenger airliners versus venturing into new freighters. Contractually, the majority of our A350F aircraft were more than a year late. This cancellation frees up more than $1 billion in forward cap ex commitments, making that capital available for other alternatives,' he said. The trend of countries erecting tariff barriers on goods has created uncertainty about the level of trade growth and made some all-cargo operators a bit cautious about committing to new aircraft, added Plueger. Boeing recently downgraded its 20-year forecast for air cargo volumes to 3.7% compounded annual growth from 4.1% in its 2024 commercial market outlook. The slight downgrade partially reflects estimates for slower long-term economic growth. Los Angeles-based Air Lease, which manages a portfolio of 495 aircraft, was the original customer for the A350 freighter when it signed a non-binding letter of intent at the 2021 Dubai Air Show. Airbus has secured 66 orders for the A350F, which is scheduled for first delivery in late 2027. The manufacturer has pushed back the start date several times, including in February because of production delays at a major component supplier. Air France-KLM trimmed its order from eight to six A350Fs in March and converted the two production slots to A350-900 passenger aircraft. The A350F, powered by Rolls-Royce Trent XWB-97 engines and with 70% of the airframe made of advanced composite materials, is expected to be 20% more fuel efficient than the Boeing 777 and older Boeing 747-400 freighters, according to Airbus. The manufacturer said the lightweight materials will make the plane 50 tons lighter than the Boeing 777X freighter, which is also in late development. The aircraft is designed to carry up to 120 tons with a maximum range of 4,700 nautical miles. It will feature the industry's largest main deck cargo door to ease loading of shipping containers and out-of-gauge cargo. The large cargo door offers the option of using 20-foot shipping containers, something that is rarely, if ever, done with traditional side-loading aircraft, said Crawford Hamilton, head of freighter marketing at Airbus, in an interview last year with STAT Media Group. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. RELATED READING: Boeing raises outlook for widebody freighters as 777-8 production begins Airbus, Embraer unveil freighter orders at Paris Air Show Airbus postpones rollout of A350 freighter until late 2027 The post Air Lease confirms canceled order for Airbus A350 freighter appeared first on FreightWaves. Sign in to access your portfolio
Reuters
18-06-2025
- Business
- Reuters
Airbus receives order for two A350F Freighters from MNG Airlines
June 18 (Reuters) - Airbus ( opens new tab has received an order for two A350F Freighters from MNG Airlines, a global logistics provider and e-commerce enabler based in Türkiye, it said on Wednesday. The new aircraft can carry up to 111 metric tons with a range of 8,700 kilometres (5,406 miles) and will offer an up to 40% reduction in fuel consumption and CO2 emissions compared to previous generation aircraft, Airbus said. The two companies have signed a memorandum of understanding for the airplanes.
Zawya
18-06-2025
- Automotive
- Zawya
Rolls-Royce welcomes AviLease's order for 20 Trent XWB-97 engines to power 10 A350F
Rolls-Royce (LSE: RR., ADR: RYCEY) today announces AviLease has agreed to place an order for 20 Trent XWB-97 engines that will power 10 Airbus A350F aircraft. This will be the first Rolls-Royce powered freighter aircraft to operate in the Kingdom of Saudia Arabia. Ewen McDonald, Chief Customer Officer, Rolls-Royce, said: 'Aviation enables growth and connectivity across the world and this contribution is perfectly symbolised in air freight. We're proud that AviLease has selected the Airbus A350F powered by our highest thrust engine, the Trent XWB-97. The Trent XWB-97, like all of our modern Trent engines benefits from our £1bn investment in time on wing improvements, bringing increased fleet planning certainty to this important aviation sector. We greatly value our growing partnership with AviLease.' Ted O'Bryne, Chief Executive Officer, AviLease, said: 'We're delighted to announce this order for 10 Trent XWB-97 powered A350F - the next generation of freighters within the Kingdom of Saudia Arabia. I'd like to thank Rolls-Royce for their partnership and helping to deliver our aim to become a top 10 global aircraft lessor, supporting the Kingdom's Vision 2030.' The Trent XWB-97 has proven its reliability and durability over seven years of service and more than three million engine flying hours. As versatile as it is reliable, the Trent XWB has already shown it is equally efficient at powering short-haul or long-haul flights, which makes it the ideal solution for passenger and freighter operators with a varied network. Rolls-Royce is investing more than £1bn in a programme that will deliver further improvements to the Trent engine family. For the Trent XWB-97, it's receiving a technology package that extends time on wing across all operations as well as doubling time on wing on the harshest of missions. -Ends- About Rolls-Royce Holdings plc Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together. Rolls-Royce has a local presence in 48 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers. Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition. Annual underlying revenue was £17.8 billion in 2024, and underlying operating profit was £2.46 billion. Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
Daily Tribune
17-06-2025
- Business
- Daily Tribune
AviLease orders Airbus A350F freighters and A320neo Family aircraft
AviLease, the global aircraft lessor based in the Kingdom of Saudi Arabia, has announced a major new order with Airbus during the 2025 Paris Airshow. The initial agreement includes 10 A350F freighter aircraft and 30 A320neo Family jets, with provisions for a future increase to 22 A350Fs and 55 A320neo aircraft. Edward O'Byrne, CEO of AviLease, remarked: 'We are proud to establish an Airbus order book, strengthening our position as a full-service, investment-grade global lessor. The addition of these latest-generation aircraft enhances our ability to offer modern, fuel-efficient fleet solutions to our airline partners in Saudi Arabia and around the world. We thank our local partners and Airbus for the strong long-term partnership we have established and look forward to placing these aircraft across our valued customer base.' Airbus also welcomed the partnership. Benoît de Saint-Exupéry, Executive Vice President of Sales for Airbus' Commercial Aircraft business, stated: 'We are delighted to welcome AviLease as Airbus' latest customer with this significant order for the all-new A350F and leading A320neo Family. The A350F will set the benchmark in air cargo, offering at least 20% reduced fuel burn, better loading capacity, and increased range, while the A320neo Family continues to be the world's most popular single-aisle aircraft. This dual order reinforces AviLease's credentials as a leading lessor and demonstrates the broad appeal of our products among lessors and their airline customers.' The A350F boasts the largest main deck cargo door in the industry, with its fuselage length and capacity tailored to accommodate standard pallets and containers. Over 70% of the aircraft's structure is built from advanced materials, enabling a 46-tonne lighter take-off weight compared to competing freighters. Additionally, the A350F is the only freighter that will fully comply with ICAO's enhanced CO₂ emissions standards set to take effect in 2027.
Daily Tribune
17-06-2025
- Business
- Daily Tribune
Airbus touts plane orders, Boeing focused on crash probe at air show
European aeroplane manufacturer Airbus announced Saudi and Polish orders for more than 100 aircraft at the Paris Air Show on Monday while US rival Boeing focused on 'supporting customers' after the Air India crash. The sales rivalry between Boeing and European aerospace giant Airbus usually drives the headlines as the world's top civilian plane makers announce many of their biggest orders at the air show in Le Bourget. But Boeing chief executive Kelly Ortberg said last week he was cancelling plans to attend the biennial event to spend time on the probe into the 787 Dreamliner crash. 'Our focus is on supporting our customers, rather than announcing orders at this air show,' a Boeing spokeswoman told AFP at the trade fair in Le Bourget. The London-bound Dreamliner crashed shortly after take off in the western Indian city of Ahmedabad, killing 241 passengers and crew and another 38 people on the ground. One passenger survived. For its part, Airbus announced that Riyadh Air, an airline founded in 2023, placed a 'firm' order for 25 wide-body, long-range A350-1000 aircraft. The deal would be worth more than $9 billion under 2018 catalogue prices -- which Airbus has since phased out as final sale prices vary according to contract terms and the version of an aircraft. The Riyadh Air deal could rise to 50 planes, Airbus said. Saudi aircraft leasing company AviLease placed a separate order for 30 single-aisle A320neo jets and 10 A350F freighters in a deal worth around $7 billion. The deal could rise to 22 A350F cargo planes and 55 A320neo aircraft. Polish airline LOT -- which has traditionally purchased planes from Boeing and Brazilian manufacturer Embraer -- picked Airbus for the first time, ordering 40 A220 planes worth $3.4 billion. Embraer announced that the Portuguese government had ordered a sixth KC-390 Millennium military transport plane after buying five in 2019.
