Latest news with #flyadeal
Time of India
2 days ago
- Business
- Time of India
Airbus deliveries fell 4% in May, Infra News, ET Infra
Advt Airbus delivered around 51 airplanes in May, industry sources said, down 4 per cent from the same month last tally brings deliveries so far this year to around 243 aircraft, down 5 per cent from the first five months of 2024. Airbus declined comment ahead of a monthly performance bulletin on June holding their annual gathering in New Delhi this week criticised manufacturers for supply problems that have persisted for several years since the pandemic, with the head of Saudi budget carrier flyadeal calling delays "inexcusable".Airbus has said it expects the delays, caused in part by slow arrivals of engines, to stabilise during the summer.
Yahoo
2 days ago
- Business
- Yahoo
Airbus deliveries fell 4% in May, sources say
NEW DELHI (Reuters) -Airbus delivered around 51 airplanes in May, industry sources said, down 4% from the same month last year. The tally brings deliveries so far this year to around 243 aircraft, down 5% from the first five months of 2024. Airbus declined comment ahead of a monthly performance bulletin on June 5. The world's largest planemaker faces growing pressure from airlines over delays in deliveries as it aims for a 7% increase in handovers to customers for the full year to 820 aircraft. Airlines holding their annual gathering in New Delhi this week criticised manufacturers for supply problems that have persisted for several years since the pandemic, with the head of Saudi budget carrier flyadeal calling delays "inexcusable". Airbus has said it expects the delays, caused in part by slow arrivals of engines, to stabilise during the summer.
Reuters
2 days ago
- Business
- Reuters
Airbus deliveries fell 4% in May, sources say
NEW DELHI, June 3 (Reuters) - Airbus ( opens new tab delivered around 51 airplanes in May, industry sources said, down 4% from the same month last year. The tally brings deliveries so far this year to around 243 aircraft, down 5% from the first five months of 2024. Airbus declined comment ahead of a monthly performance bulletin on June 5. The world's largest planemaker faces growing pressure from airlines over delays in deliveries as it aims for a 7% increase in handovers to customers for the full year to 820 aircraft. Airlines holding their annual gathering in New Delhi this week criticised manufacturers for supply problems that have persisted for several years since the pandemic, with the head of Saudi budget carrier flyadeal calling delays "inexcusable". Airbus has said it expects the delays, caused in part by slow arrivals of engines, to stabilise during the summer.
Zawya
3 days ago
- Business
- Zawya
Flyadeal airline CEO blasts Airbus over 'inexcusable' delivery delays
NEW DELHI - The head of Saudi budget carrier flyadeal criticised Airbus' handling of delays of narrow-body jets and voiced concerns that disruption could spread to freshly ordered wide-body A330neos. CEO Steven Greenway spoke out about delays on the sidelines of an IATA airline industry summit in New Delhi, just weeks after unveiling an order for 10 A330neo long-haul planes. "Delays are becoming inexcusable. Transparency, to be frank, is lacking, and we're getting agitated. How else can we plan? I mean it is just going beyond a joke now," Greenway told Reuters. A non-excusable delay is a term used in aircraft contracts to trigger specific penalties to airlines, but these are rare. Jetmakers have consistently argued that any delays caused by supply chain problems are "excusable," industry sources say. Airbus faces some internal industrial problems, he said. Airbus declined to comment on the narrow-body delays. It has previously reported some improvement in supply chains and has said it is working to soften the impact on customers, while sticking to a target for 820 deliveries this year. Flyadeal is also among several carriers affected by a separate slowdown in arrivals of engines from CFM on the Airbus assembly line. "I have got two (narrow-body jets) sitting on the ground in Toulouse at the moment that have been there for a couple of months and I don't have any resolution in sight," Greenway said. "We were meant to have four aircraft in the first half of the year. We've only had two, and even those two were delayed." The sister airline to Saudia is now due to have one A321neo delivered in the third quarter and three in the fourth quarter. "But I'm very three in the last quarter are going to get across the line," he said, adding: "Don't forget, this is delays on top of delays." Safran, which co-owns CFM with GE Aerospace, said in April that CFM had seen improvements in supply chains and was poised to recover a slow start to 2025. Greenway's comments reflect mounting private frustration about widespread supply problems among airline CEOs gathering for their annual industry meeting. He acknowledged that aerospace had been hit by a broad exodus of labour from the manufacturing sector after COVID-19, but added: "I do think it's inexcusable that here we are three, four years later, and we still haven't got over that hump." A330NEO UNCERTAINTY Reuters reported last week that Airbus had warned airlines a pattern of delays would persist for another three years. Lessors have spoken of supply tensions for the rest of the decade. Greenway raised concerns that similar problems could spread to the wide-body A330neo, after flyadeal unveiled an order for 10 of the upgraded long-haul jets in April. So far there have been no reports of delivery delays to the aircraft. "Our (first) aircraft was meant to be on the final production line in December of next year. I don't know if we're going to see that or not," he said. Airbus said it was not aware of any A330neo delays. Airlines say delays disrupt decisions that must be taken well ahead like pilot and crew training and adding routes. "You can't you take the wide-bodies, I'm now assuming there is going to be a delay. I'm having to go out and work with wet-lease operators to plug that gap," Greenway said, referring to rentals of planes with crews. Philippine budget airline Cebu Pacific said last week it would wet-lease two crewed A320s to flyadeal during its lean months in July and August, a busy period for the Saudi carrier. (Reporting by Tim Hepher; Editing by Jamie Freed)
Al Arabiya
3 days ago
- Business
- Al Arabiya
CEO of Saudi budget airline flyadeal criticizes Airbus for delivery delays
The head of Saudi budget carrier flyadeal criticized Airbus' handling of delays of narrow-body jets and voiced concerns that disruption could spread to freshly ordered wide-body A330neos. CEO Steven Greenway spoke out about delays on the sidelines of an IATA airline industry summit in New Delhi, just weeks after unveiling an order for 10 A330neo long-haul planes. 'Delays are becoming inexcusable. Transparency, to be frank, is lacking, and we're getting agitated. How else can we plan? I mean it is just going beyond a joke now,' Greenway told Reuters. A non-excusable delay is a term used in aircraft contracts to trigger specific penalties to airlines, but these are rare. Jet-makers have consistently argued that any delays caused by supply chain problems are 'excusable,' industry sources say. Airbus faces some internal industrial problems, he said. Airbus declined to comment on the narrow-body delays. It has previously reported some improvement in supply chains and has said it is working to soften the impact on customers, while sticking to a target for 820 deliveries this year. Flyadeal is also among several carriers affected by a separate slowdown in arrivals of engines from CFM on the Airbus assembly line. 'I have got two (narrow-body jets) sitting on the ground in Toulouse at the moment that have been there for a couple of months and I don't have any resolution in sight,' Greenway said. 'We were meant to have four aircraft in the first half of the year. We've only had two, and even those two were delayed.' The sister airline to Saudia is now due to have one A321neo delivered in the third quarter and three in the fourth quarter. 'But I'm very three in the last quarter are going to get across the line,' he said, adding: 'Don't forget, this is delays on top of delays.' Safran, which co-owns CFM with GE Aerospace, said in April that CFM had seen improvements in supply chains and was poised to recover a slow start to 2025. Greenway's comments reflect mounting private frustration about widespread supply problems among airline CEOs gathering for their annual industry meeting. He acknowledged that aerospace had been hit by a broad exodus of labor from the manufacturing sector after COVID-19, but added: 'I do think it's inexcusable that here we are three, four years later, and we still haven't got over that hump.' A330NEO uncertainty Reuters reported last week that Airbus had warned airlines that a pattern of delays would persist for another three years. Lessors have spoken of supply tensions for the rest of the decade. Greenway raised concerns that similar problems could spread to the wide-body A330neo, after flyadeal unveiled an order for 10 of the upgraded long-haul jets in April. So far there have been no reports of delivery delays to the aircraft. 'Our (first) aircraft was meant to be on the final production line in December of next year. I don't know if we're going to see that or not,' he said. Airbus said it was not aware of any A330neo delays. Airlines say delays disrupt decisions that must be taken well ahead like pilot and crew training and adding routes. 'You can't you take the wide-bodies, I'm now assuming there is going to be a delay. I'm having to go out and work with wet-lease operators to plug that gap,' Greenway said, referring to rentals of planes with crews. Philippine budget airline Cebu Pacific said last week it would wet-lease two crewed A320s to flyadeal during its lean months in July and August, a busy period for the Saudi carrier.
