Latest news with #AirbusA320neo
Business Insider
21 hours ago
- Business
- Business Insider
Saudi Arabia set to place orders for dozens of Airbus jets, Reuters says
Saudi Arabia is set to place orders for billions of dollars of Airbus (EADSY) jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbors, industry sources said, according to Reuters. Leasing company AviLease, which placed an order for 30 Boeing (BA) 737 MAX jets during a visit to the region this month by U.S. President Donald Trump, could place a comparable order for Airbus A320neo jets at next month's Paris Airshow, they said. Confident Investing Starts Here:
Business Recorder
a day ago
- Business
- Business Recorder
Saudi firms to place orders for dozens of Airbus jets, sources say
NEW DELHI: Saudi Arabia is set to place orders for billions of dollars of Airbus jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbours, industry sources said. Leasing company AviLease, which placed an order for 30 Boeing 737 MAX jets during a visit to the region this month by U.S. President Donald Trump, could place a comparable order for Airbus A320neo jets at next month's Paris Airshow, they said. The fast-growing company, which aims to be one of the world's top lessors, is also potentially interested in Airbus A350 freighters, they added. Barring a problem in negotiations, startup airline Riyadh Air appears poised to select the Airbus A350 over Boeing's delayed 777X, they said. Saudi Arabia to invest $600bn, says White House as US, KSA sign $142bn defence deal The possible Riyadh Air A350 deal, which Bloomberg earlier reported could involve 50 jets, would also be announced at one of this year's trade shows. Airbus declined comment. AviLease was not immediately available. Riyadh Air reiterated it was studying an order for large wide-body planes. 'A decision will be made in the coming months,' a spokesperson added.
Reuters
a day ago
- Business
- Reuters
Saudi firms to place orders for dozens of Airbus jets, sources say
NEW DELHI, May 30 (Reuters) - Saudi Arabia is set to place orders for billions of dollars of Airbus ( opens new tab jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbours, industry sources said. Leasing company AviLease, which placed an order for 30 Boeing (BA.N), opens new tab 737 MAX jets during a visit to the region this month by U.S. President Donald Trump, could place a comparable order for Airbus A320neo jets at next month's Paris Airshow, they said. The fast-growing company, which aims to be one of the world's top lessors, is also potentially interested in Airbus A350 freighters, they added. Barring a problem in negotiations, startup airline Riyadh Air appears poised to select the Airbus A350 over Boeing's delayed 777X, they said. The possible Riyadh Air A350 deal, which Bloomberg earlier reported could involve 50 jets, would also be announced at one of this year's trade shows. Airbus declined comment. AviLease was not immediately available. Riyadh Air reiterated it was studying an order for large wide-body planes. 'A decision will be made in the coming months,' a spokesperson added.
Indian Express
a day ago
- Business
- Indian Express
DGCA gives ‘last and final' extension to IndiGo for damp-leased Turkish Airlines aircraft; IndiGo to terminate arrangement within three months
Amid the backlash against Turkey in India, the government has rejected IndiGo's request to extend its damp lease of two wide-body jets from Turkish Airlines for six months, but has allowed a three-month 'one-time last and final extension' to avoid immediate disruption in operations on the airline's Delhi-Istanbul and Mumbai-Istanbul routes. The three-month extension, which came just a day before the current lease period was set to expire, has been granted following an undertaking by IndiGo stating that it will terminate its damp lease pact with Turkey's flag carrier. 'IndiGo is currently operating two B777-300ER (Boeing 777) aircraft under damp lease from Turkish Airlines, which was permitted up to 31.05.2025. IndiGo requested for a further extension of the same for another six months, which was not agreed to. However, in order to avoid passenger inconvenience due to immediate flight disruption, IndiGo has been granted a one-time last and final extension of three months up to 31.08.2025 for these damp leased aircraft, based on the undertaking from the airline that, they will terminate the damp lease with Turkish Airlines within this extension period, and shall not seek any further extension for these operations,' a senior official at India's aviation regulator Directorate General of Civil Aviation (DGCA) said Friday. There have been calls from some quarters in India for IndiGo to end its relationship with Turkish Airlines, including its codeshare and arrangement for damp-leased aircraft, with which IndiGo operates its flights to Istanbul from Delhi and Mumbai. These planes are high-density Boeing 777 aircraft with over 500 seats apiece, allowing IndiGo to carry significantly more passengers that what its regular narrow-body aircraft can carry. In the past, IndiGo has operated its flights to and from Turkey using its narrow-body Airbus A320neo and A321neo aircraft whenever the Boeing 777 jets faced technical issues or the lease arrangement was not in place. According to industry insiders, IndiGo has two choices now — operate flights to Turkey using smaller aircraft with lower seat capacity, or deploy other damp-leased wide-body aircraft that the airline is in the process of inducting. Following India's decision to cancel the security clearance of Turkey-headquartered airport ground handling major Celebi, speculation was rife that the IndiGo-Turkish Airlines damp lease renewal may not receive a favourable decision from the government. The past few days have seen a growing clamour for a boycott of Turkey and review of Turkish firms' presence in India in the wake of Operation Sindoor. Apart from Ankara's open support for Islamabad in the recent India-Pakistan military, widespread use of Turkish drones by Pakistan in operations against India has added to the disapproval for Turkey in India. On its part, IndiGo has maintained that its codeshare partnership with Turkish Airlines and the operation of damp-leased wide-body jets between the two countries are fully compliant with all Indian rules and regulations, and are strictly within the framework of the India-Turkey bilateral air services agreement. 'The flights between India and Turkey are governed and are within the framework of the air service agreement between the two nations. Two, the operations which are taking place are fully compliant and in line, not only with the regulatory framework, but also with all the rules and regulations from the (Indian) government…We still have lots and lots of Indian customers booked on these flights, mostly connecting over at Istanbul and flying to other parts of the world for their travel needs,' IndiGo CEO Pieter Elbers had said in an investor call last Wednesday (May 21). In response to a question on IndiGo's options if the damp lease arrangement with Turkish Airlines is not renewed beyond May, Elbers had said: 'As a good airline, we make sure that we have fallback plans in case of changes. And I think we have demonstrated that over the last years, be it domestic, be it international…We'll deal with it, and we adjust our network accordingly'. The air services agreement between India and Turkey allows carriers of both countries to operate a total of 56 flights a week between India and Turkey—28 flights from India to Turkey and 28 in the opposite direction—without a cap on the number of seats on each flight. Turkish Airlines and IndiGo have split the allocation between themselves. As the bilateral air services pact does not have a cap on seats, the larger the aircraft, the better it is for IndiGo given the high demand on India-Turkey routes, which is largely due to Istanbul being a global transit hub. That is the reason why the Indian airline, after initially operating its Istanbul flights using its own narrow-body fleet, switched over to a damp-lease arrangement with Turkish Airlines for wide-body aircraft with more than twice the capacity of IndiGo's own narrow-body jets. Sukalp Sharma is a Senior Assistant Editor with The Indian Express and writes on a host of subjects and sectors, notably energy and aviation. He has over 13 years of experience in journalism with a body of work spanning areas like politics, development, equity markets, corporates, trade, and economic policy. He considers himself an above-average photographer, which goes well with his love for travel. ... Read More
Economic Times
a day ago
- Business
- Economic Times
DGCA extends IndiGo's wet lease of Turkish Airlines' Boeing 777s amidst tensions with Turkiye
Civil aviation regulator Directorate General of Civil Aviation (DGCA) has approved an extension of IndiGo's wet lease agreement with Turkish Airlines for three months, allowing the Indian carrier to continue operating two Boeing 777 aircraft on its Delhi and Mumbai to Istanbul routes beyond the previous May 31 decision comes amidst increasing geopolitical tensions with Turkiye due to the country's support for Pakistan during recent conflicts. The government has also revoked security clearance for Turkish ground handler Celebi, reflecting strained diplomatic airline had sought an extension of six months according to a new policy which allows airlines to wet lease planes for a period of six months which can be extended by another six months by the regulator. IndiGo leased these planes last year in November. IndiGo, India's largest airline by market share, initiated the wet lease with Turkish Airlines in early 2023 to address capacity constraints caused by grounded Airbus A320neo aircraft due to Pratt & Whitney engine issues. The leased Boeing 777s, each accommodating up to 500 passengers, have been instrumental in maintaining the airline's international operations. IndiGo has defended the lease extension, highlighting its role in expanding travel options for Indian passengers and supporting the airline's foray into long-haul markets. The carrier has also announced plans to introduce its own wide-body fleet, with orders placed for Airbus A350-900 aircraft expected to commence deliveries in 2027. 'Flights between India and Türkiye are governed within the bilateral air service agreement. We are compliant today and we will continue to comply with any government regulations on those lines,' Pieter Elbers, CEO of IndiGo said on DGCA's extension permits IndiGo to operate the wet-leased aircraft adhering to regulatory norms that allow such arrangements under emergent circumstances. However, the regulator has previously expressed reservations about prolonged wet leases, emphasizing the importance of domestic carriers developing their own wide-body capabilities.'As the aviation industry navigates complex geopolitical landscapes, the DGCA's decision underscores the delicate balance between operational needs and national interests. The extension provides IndiGo with a temporary solution to its capacity challenges while the airline progresses towards establishing its own wide-body operations,' a government official didn't comment on queries sent on the topic.
