Qantas Airways said it would defer delivery of four Airbus A380s and 12 Boeing 737-800s by about a year today as it announced a series of steps to counter its first projected second-half loss in six years.
Association of Asia Pacific Airlines
European jetliner manufacturer Airbus has acknowledged operators’ “teething troubles,” but it characterizes the A380’s entry into service as “very successful.” The comments follow technical incidents involving 13 aircraft flying with Emirates Airline, Qantas and Singapore Airlines, as well as reported dissatisfaction at Emirates, the A380’s largest customer.
Airbus continued to register a negative sales tally this year as the company booked orders for just a pair of A380s from Korean Air while it saw cancellations of a single A319 and an A320, both from Dutch-Kuwaiti leasing alliance AerVenture, during February.
Qantas Airlines has received approval from the Australian Civil Aviation Safety Authority (CASA) to use the Honeywell SmartPath ground-based augmentation system (GBAS) at Sydney International Airport for satellite-based landings with its Airbus A380s. The SmartPath GBAS supports precision approach and landings using GPS satellite data and transmits digital guidance signals to aircraft systems.
Air Canada and Singapore Airlines have joined Korean Air and Asiana in diverting flights away from North Korean airspace after the communist government said it could not guarantee the safety of passenger jets flying near its shores or southern border. The threat comes as the U.S. and South Korea prepare to begin on Monday annual military exercises North Korea considers provocative.
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), yesterday signed an operating lease agreement with Garuda Indonesia covering eight Boeing 737-800s. The signing ceremony, attended by Indonesian president Susilo Bambang Yudhoyono, took place at the Ritz Carlton Hotel in Jakarta during the World Islamic Economic Forum (WIEF).
“Last year was a great year for business aviation in Asia, especially the Greater China Region. I believe it was a record year of growth. We had more aircraft deliveries, more new operators started and more investment into business aviation infrastructure,” said Jason Liao, sales director for China at Bombardier Business Aircraft.
A firm order announced on February 27 for six A330-200s from Korean Air helped ease the sting of an exceedingly sluggish sales year so far for Airbus, but it didn’t erase the considerable pressure felt by both of the Western world’s major OEMs to deliver on promises to maintain production rates, as analysts and suppliers closely monitor how each react to a growing list of delivery deferrals. In fact, until the latest Korean Air order, both c
Boeing had to announce a downward adjustment of its fourth-quarter and full-year earnings results yesterday to reflect a reduction in the value of aircraft in its customer financing portfolio and a rise in liabilities tied to an arbitration award. The change resulted in a four-cent-per-share lower result than it reported on January 28 in its Form 10-K filing with the U.S. Securities and Exchange Commission.
Airbus logged the sale of the 200th A380 with a firm order from Korean Air Lines for another two of the double-decker transports, the manufacturer announced today. This latest deal brings the total number of A380s ordered by Korean Air to 10. The carrier plans to operate the aircraft in a three-class layout on routes linking Seoul to destinations in North America and Europe, including Los Angeles, New York and Paris.