Latest news with #AirbusA330neo
Yahoo
6 days ago
- Business
- Yahoo
Why Shares in Airbus Took Off Today
A wide-body aircraft order boosted optimism in Airbus' ability to compete with Boeing in this market. Boeing and Airbus are struggling to ramp up production to pre-COVID-19 levels, and the new order helps restore confidence in airlines' willingness to place orders despite extended lead times. 10 stocks we like better than Airbus SE › Shares in European aerospace giant Airbus (OTC: EADSY) rose by as much as 4% in early-morning trading today. The move follows the announcement that Vietnam's Vietjet airline has doubled its orders of wide-body Airbus A330neo aircraft to 40 from 20 during French President Macron's visit to the country. The airline already operates an all-Airbus fleet , comprising 116 narrow-body A320 family aircraft and seven wide-body A330s in operation. Therefore, the order isn't a new "logo" win for Airbus. Instead, it's an expansion of orders in the lucrative wide-body market: planes used for longer-haul flights. It's also a shot in the arm for Airbus' wide-body programs, notably the A330neo, which only had 82 orders in 2024, and just 10 orders in 2025 (from Saudi Group) in 2025 before the Vietjet order. Airbus is typically seen as leading in the narrow-body market, not least due to Boeing's problems with the 737 MAX, but lagging its American rival in the wide-body market, where the 787 Dreamliner (the A330's primary competition) and the forthcoming 777X offer formidable competition. Airbus and Boeing continue to grapple with supply chain issues that pose potential restraints on production capacity, and there is a concern that extended delivery delays could lead airlines to forgo orders, particularly in the wide-body market. As such, the Vietjet order will help restore confidence in Airbus's order trajectory and, more importantly, airlines' willingness to place orders for aircraft in an uncertain trading environment. Before you buy stock in Airbus SE, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Airbus SE wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares in Airbus Took Off Today was originally published by The Motley Fool Sign in to access your portfolio
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
British Airways Delivers on Lutnick's Promise With Big Boeing Order
The parent company of British Airways said it had agreed to buy 32 Boeing 787-10s with General Electric engines, confirming purchases touted alongside the U.S.-U.K. trade deal on Thursday by U.S. Commerce Secretary Howard Lutnick. The deals have a combined sticker price of $12.7 billion but International Consolidated Airlines said it had negotiated a substantial discount, as is standard for large aircraft deals. The company also said it ordered 21 Airbus A330neo jets valued at $7.9 billion before the customary discounts. Plus, it converted previously agreed options for 18 other Airbus and Boeing widebody jets. IAG Chief Executive Luis Gallego said the aircraft deals had been in the works 'for a long time,' preceding trade talks between the U.S. and U.K. Still, he welcomed Thursday's agreement, noting aviation's decadeslong status as tariff-exempt. 'We don't need tariffs,' he said.
Arabian Business
24-04-2025
- Business
- Arabian Business
Saudia announces order of 20 Airbus A330neo planes
Saudia Group has announced a new aircraft deal with Airbus to enhance its fleet by adding up to 20 new wide-body A330neo aircraft. 10 of which the new planes are for flyadeal, the Group's low-cost carrier. The A330neo model aligns with the Saudia Group's strategy to broaden its operational reach and introduce more destinations. Saudia and flyadeal order Airbus A330neo planes Deliveries are scheduled to begin in 2027, with the final aircraft arriving in 2029. Ibrahim Al-Omar, Director General of Saudia Group, said: 'Today's deal marks a pivotal milestone in our ambitious strategy to modernise and expand our fleet. 'It builds on last year's historic deal with Airbus for 105 aircraft. This step aligns with our national strategies under Saudi Vision 2030, which aim to connect 250 destinations and facilitate the travel of over 330m travellers and 150m tourists by 2030. 'This deal supports Saudia Group's plans to grow and improve its operations. It adds to the modernisation of our fleet, improves aircraft maintenance, and makes our overall operations more efficient.' Benoît de Saint-Exupéry, Executive Vice President of Sales for the Commercial Aircraft business at Airbus, said: 'Saudia Group's A330neo order for flyadeal marks a key step in advancing the Kingdom's aviation ambition to unlock long-haul markets and attract new customers. 'The A330neo's proven versatility, new-generation efficiency, and excellent passenger experience will perfectly support Saudia Group's strategic growth and solidify their position as a global aviation leader. 'We look forward to seeing this versatile champion fly in flyadeal colours.' The airline group currently operates a fleet of 194 aircraft, serving commercial aviation, cargo operations, and logistics services. The Group is set for significant expansion, with 191 new aircraft scheduled for delivery in the coming years.
Gulf Business
24-04-2025
- Business
- Gulf Business
Flyadeal confirms Airbus jet order for long-haul expansion
Image Credits: Getty Image Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo wide-body passenger jets as it expands into fast-growing long-haul markets in Southeast Asia. The sister airline of state-owned national carrier Saudia said it had also acquired purchase rights for a further 10 of the Rolls-Royce-powered planes, also known as A330-900. The announcement at a ceremony in Toulouse confirms details Saudi Arabia's aviation sector is expanding as the kingdom invests billions of dollars in its Vision 2030 plan to diversify its economy away from fossil fuels and boost its private sector. Flyadeal has not yet finalised routes for the jets but plans to target the busy Southeast Asia market – the latest low-cost airline to seek to break into long-haul flying, which has been a tricky bet for some budget carriers due to complexity and cost. 'I can pretty well guarantee that it's going to be Southeast Asia – Indonesia, Thailand, Malaysia or the Philippines,' flyadeal CEO Steven Greenway told Reuters of the planned route expansion. The airline will also be able to carry more passengers into congested regional markets, such as Dubai. Greenway, a former senior executive at Singapore Airlines subsidiary Scoot, has said flyadeal aims for 100 jets by 2030. No trade impact In service since 2018, the A330neo is an upgraded version of the long-haul A330. It has room for well over 400 seats in the dense layouts used by the Southeast Asian carriers that flyadeal is likely to compete with, such as Cebu and Lion Air. Flyadeal plans to include some premium economy-type seats. Greenway said Flyadeal had also looked at Boeing's newer 787-9 as well as the possibility of redeploying seven larger 777s held by Saudia. The 787-9 has lower capacity in dense layouts and has a longer waiting time for delivery, while the 777 mini-jumbo would be harder to fill due its size, Greenway said. Flyadeal also needs a minimum of 10 aircraft to run its network efficiently. A330neo deliveries will start in July 2027. Greenway said Airbus narrow-body operator flyadeal had not been affected by trade tensions given its mainly domestic focus. 'We still have fairly robust conditions in the Middle East as a whole,' he said, adding, 'I'm expecting summer to be robust'. A more pressing concern is any significant fluctuation in oil prices and their impact on the economy. 'At the moment, things are steaming ahead. I don't really see anything that flags (problems) for me in terms of demand or the robustness of travel at the moment,' Greenway said. Read:
Zawya
24-04-2025
- Business
- Zawya
Flyadeal announces order for 10 Airbus A330neos
Toulouse, FRANCE – flyadeal, the Saudia Group's fast growing low-cost airline, today entered a new phase of its growth strategy with an order for 10 Airbus A330neo wide-body aircraft. With a three-year delivery schedule beginning in 2027, the new fleet of twin-aisle next generation aircraft will support flyadeal's plans to operate further into Europe, Africa, Asia and Indian subcontinent, as well on high-demand services and to slot-constrained airports. Currently only an A320 narrowbody operator, flyadeal will also deploy its new A330-900 aircraft variant on dedicated Hajj and Umrah pilgrim flights. The order was announced today by flyadeal parent company Saudia Group and Airbus during a high-profile ceremony held at the European aircraft manufacturer's home city of Toulouse in southern France. Presided by His Excellency Eng. Ibrahim Al-Omar, Saudia Group Director General, and Christian Scherer, Airbus CEO Commercial Aircraft, the event was attended by a host of dignitaries from France and the Kingdom of Saudi Arabia. Steven Greenway, flyadeal Chief Executive Officer, said: 'Together with Saudia Group, today marks yet another moment of pride for flyadeal embarking on a new chapter in our evolving story as Saudi Arabia's youngest, ambitious and most dynamic low-cost airline that has developed into the Middle East's fastest growing airline. 'With wide-body experience already under our belt through wet-leased aircraft for pilgrim and summer season flying for the third year running, we are excited about the prospect of operating our very own. The A330neos' operational capability of around 10 hours flying range, fuel efficiency, cockpit commonality with our A320s and significant low-cost dynamics made this the ideal aircraft type to meet our mission requirements that include serving slot-constrained airports and high demand routes.' The A330neos will have a capacity of around 400 seats in a two-class configuration that will include a premium cabin. They will contribute to phenomenal national growth targets, enabling flyadeal to capture opportunities and tap into new markets to attract more visitors to the Kingdom. Benoît de Saint-Exupéry, Airbus Executive Vice President Commercial Sales, said: 'Saudia Group's A330neo order for flyadeal marks a key step in advancing the Kingdom's aviation ambition to unlock long-haul markets and attract new customers. The A330neo's proven versatility, new generation efficiency, and excellent passenger experience will perfectly support Saudia Group's strategic growth and solidify their position as a global aviation leader. We look forward to seeing the versatile champion fly in flyadeal colours.' flyadeal currently operates an all-Economy Class configured A320 family aircraft with a 38-strong fleet comprising 27 A320neos and 11 A320ceos that serve around 30 seasonal and year-round destinations. From bases in Riyadh, Jeddah and Dammam, the airline flies to towns and cities across Saudi Arabia, and destinations in the Middle East, Europe, North Africa and South Asia. By 2030, flyadeal plans to triple its fleet size to over 100 aircraft and also increase network strength three-fold to more than 100 destinations ensuring the airline plays a key role in the national aviation growth strategy as outlined in the Kingdom's Vision 2030 blueprint. The ambitious objectives of Vision 2030 aim to increase the number of annual airline passengers to 300 million, including 150 million inbound tourists, and expand connectivity to over 250 destinations worldwide. About flyadeal On 23 September 2017, National Day of the Kingdom of Saudi Arabia, flyadeal began operations with its historic maiden flight from Jeddah to Riyadh. A pioneer and innovator, flyadeal was the first regional low-cost airline to be launched only across digital distribution channels. Being the sister airline of full-service national carrier Saudia both under the umbrella ownership of Saudi Arabian Airlines Corporation (Saudia Group) flyadeal was created for the price-conscious and tech-savvy consumer in mind in a market where 80 per cent of the Saudi population is aged less than 40 years and has at least two mobile phones. flyadeal aims to stimulate travel, tourism and trade with its affordable, value for money everyday fares catering to leisure, religious, family and business travellers. Simplicity is key with an all-Economy Class cabin across flyadeal's narrowbody fleet. With the Kingdom undergoing dramatic transformation through its Vision 2030 economic diversification drive, aviation and tourism are among the many sectors earmarked for dynamic growth. Today, flyadeal is one of the youngest and fastest growing low-cost airlines in the Kingdom of Saudi Arabia and Middle East, recognised for excellence in on-time performance that is consistently above the global industry average. The airline has flown over 35 million passengers since its inaugural service. In May 2024, flyadeal placed its biggest ever order – a 51 aircraft deal comprising 12 A320neos and 39 larger A321neos – with a delivery schedule beginning in 2026. By 2030, flyadeal plans to operate hundreds of routes that will see its fleet and network triple in number to over 100 aircraft and destinations, respectively. flyadeal's aggressive expansion drive makes the rapidly growing airline one of the country's most desirable companies to work for.
