Latest news with #aircraftdeliveries
Skift
22-07-2025
- Business
- Skift
U.S. Tariff Threat Puts Airline Industry on Edge Ahead of August 1 ‘Hard Deadline'
A looming EU trade clash has the potential to disrupt aircraft deliveries and spike costs, but the impact of blanket U.S. tariffs could make waves far beyond the Atlantic. In the airline world, an unwelcome word is resurfacing: tariffs. A 30% levy on European imports to the United States could take effect as soon as August 1. The prospect has airlines, manufacturers, and trade bodies scrambling to assess the possible fallout. It's a stark reminder that many 'Liberation Day' tariffs didn't disappear; they were merely delayed. The United States is threatening a 30% tariff on imports from the European Union. Speaking to CBS on Sunday, Howard Lutnick, the U.S. Commerce Secretary, said: 'That's a hard deadline, so on August 1, the new tariff rates will come in.' While it is unclear how aircraft manufacturing could be directly impacted – a carve-out remains a possibility – the EU has not ruled out retaliatory tariffs. Officials in Brussels and Washington are aware of the importance of Airbus and Boeing to their respective markets. Speaking in Singapore last week, Willie Walsh, head of airline trade body IATA, warned: 'It's not just going to be a major Boeing and Airbus issue. It'll impact all aspects of the aerospace industry and have an impact on most, if not all, airlines as well.' Boeing's Biggest European Customer With financial reporting season in full swing, the threat of a trade war is reentering the narrative. During Ryanair's earnings call on Monday, the very first question from analysts concerned tariffs. In response, Michael O'Leary, Ryanair Group CEO, acknowledged the uncertainty: 'Nobody kno
Zawya
22-07-2025
- Business
- Zawya
India's Akasa Air sees Boeing deliveries picking up in coming years
India's Akasa Air expects a pick up in plane deliveries from Boeing over the coming years and to reach its target for a fleet of 226 aircraft by 2032, up from 30 currently, chief financial officer Ankur Goel said on Tuesday. The airline expects available seat kilometers - a measure of passenger-carrying capacity - to increase by more than 30% this fiscal year, on top of 50% growth the year before. Goel did not provide a year-by-year breakdown of deliveries, but said they were expected to increase over the period, in a press briefing in India's capital city. Earlier this year, Reuters reported that Akasa Air's top executives were privately criticising Boeing for delayed plane deliveries and were scrambling to assuage hundreds of anxious pilots who were idle without work. The Mumbai-based low-cost airline, which started operations about three years ago, has ordered 226 Boeing 737 MAX aircraft. Deliveries have been delayed as the 737 MAX programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered the effects of a seven-week workers' strike. Goel did not provide profit or revenue data for fiscal year 2024-25. The year before, Akasa's revenue quadrupled to $356 million, but its loss widened to $194 million from $86 million. Akasa had a domestic market share of 5.3% in May, compared with the combined 90%-plus commanded by leader IndiGo and Air India Group. Akasa, started with the backing of the late Rakesh Jhunjhunwala, dubbed India's Warren Buffett, went on a hiring spree and began international flights to Qatar and Saudi Arabia within two years of its launch. Despite challenges, Akasa in February raised an undisclosed amount of new capital from Indian billionaire Azim Premji's investment arm and Jhunjhunwala's family. (Reporting by Abhijit Ganapavaram in New Delhi and Manvi Pant in Bengaluru. Editing by Mark Potter)
