Posts tagged ‘Airbus’

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27/01/2014

UPDATE 1-India lifts ban on Airbus A380s, foreign carriers interested | Reuters

India lifted a landing ban on Airbus A380s on Monday, enabling carriers such as Singapore Airlines and Emirates to fly their superjumbos into the world\’s second-most populous nation.

English: Singapore Airbus A380 Français : Un a...

English: Singapore Airbus A380 Français : Un airbus A380 de la compagnie Singapore Airlines. (Photo credit: Wikipedia)

A380s will be allowed to land at the country\’s four main airports – New Delhi, Mumbai, Bangalore and Hyderabad – which are equipped to handle the planes, a decision welcomed by foreign carriers looking to tap India\’s fast growing air travel sector.

\”The operation of A380s will help airports to generate more revenue, give more comfortable and luxurious travel to passengers, (and will) liberalise the civil aviation milieu in India,\” the civil aviation ministry said in a statement.

The ban on A380s was imposed due to concerns that foreign airlines could grab a high share of international traffic, hurting state-run Air India.

via UPDATE 1-India lifts ban on Airbus A380s, foreign carriers interested | Reuters.

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27/04/2013

* China agrees $8bn Airbus plane deal

BBC: “China has agreed to buy 60 planes from European firm Airbus, in a deal worth $8bn (£5.2bn) at list prices.

French President Francois Hollande and Chinese President Xi Jinping shake hands

It is the first such deal since the European Union suspended the inclusion of foreign airlines in its controversial Emissions Trading Scheme.

China had voiced its opposition to the scheme, which charges airlines for the carbon they emit.

Last year, Airbus had alleged that China blocked firms from purchasing its planes amid the row over the scheme.

The deal was signed as part of a series of agreements during French President Francois Hollande’s two-day visit to China.

It includes an order for 42 Airbus A320 aircraft and 18 A330 planes.”

via BBC News – China agrees $8bn Airbus plane deal.

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28/02/2013

* China nears approval of $16 billion domestic jet-engine plan

Xinhua: “China’s cabinet may soon approve an aircraft engine development program that will require investment of at least 100 billion yuan ($16 billion), state-run Xinhua news agency quoted unidentified industry sources as saying.

A woman walks past the Aviation Industry Corporation of China (AVIC) headquarters building in Beijing October 30, 2012. REUTERS/Jason Lee

China is determined to reduce its dependency on foreign companies like Boeing Co (BA.N), EADS-owned Airbus (EAD.PA), General Electric Co (GE.N) and Rolls Royce Plc (RR.L) for the country’s soaring demand for planes and engines.

So far the domestic aerospace industry has failed to build a reliable, high-performance jet engine to end its dependence on Russian and Western makers for equipping its military and commercial aircraft.

Xinhua on Thursday quoted an unidentified professor at the Beijing University of Aeronautics and Astronautics (BUAA) with knowledge of the project as saying the investment would be used mainly for research on technology, designs and materials related to aircraft engine manufacturing.

The project was going through approval procedures in the State Council and may be approved shortly, the professor was quoted as saying.

Participants in the project include Shenyang Liming Aero-Engine Group Corp, AVIC Xi’an Aero-Engine (Group) Ltd (600893.SS) and research institutes including the BUAA, Xinhua reported.

Aviation Industry Corporation of China (AVIC), the country’s dominant military and commercial aviation contractor, had lobbied the government to back a multi-billion dollar plan to build a high-performance jet engine.”

via China nears approval of $16 billion domestic jet-engine plan: Xinhua | Reuters.

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10/02/2013

* China’s Focus on Aerospace Raises Security Questions

NY Times: “When Airbus executives arrived here seven years ago scouting for a location to assemble passenger jets, the broad, flat expanse next to Tianjin Binhai International Airport was a grassy field.

A worker in an Airbus facility in Tianjin, China, that completes four planes a month, mostly for state-run carriers.

Now, Airbus, the European aerospace giant, has 20 large buildings and is churning out four A320 jetliners a month for mostly Chinese state-controlled carriers. The company also has two new neighbors — a sprawling rocket factory and a helicopter manufacturing complex — both producing for the Chinese military.

The rapid expansion of civilian and military aerospace manufacturing in Tianjin reflects China’s broader ambitions.

As Beijing’s leaders try to find new ways to invest $3 trillion of foreign reserves, the country has been aggressively expanding in industries with strong economic potential. The Chinese government and state-owned companies have already made a major push into financial services and natural resources, acquiring stakes in Morgan Stanley and Blackstone and buying oil and gas fields around the world.

Aerospace represents the latest frontier for China, which is eyeing parts manufacturers, materials producers, leasing businesses, cargo airlines and airport operators. The country now rivals the United States as a market for civilian airliners, which China hopes to start supplying from domestic production. And the new leadership named at the Party Congress in November has publicly emphasized long-range missiles and other aerospace programs in its push for military modernization.

If Boeing’s difficulties with its recently grounded aircraft, the Dreamliner, weigh on the industry, it could create opportunity. Chinese companies, which have plenty of capital, have been welcomed by some American companies as a way to create jobs. Wall Street has been eager, too, at a time when other merger activity has been weak.”

via China’s Focus on Aerospace Raises Security Questions – NYTimes.com.

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30/08/2012

* China to buy 50 Airbus planes for $3.5bn

BBC News: “China has signed a deal to buy 50 planes worth $3.5bn (£2.2bn) from Europe’s Airbus.

The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.

An agreement on Airbus plane assembly in China was also signed, according to the Xinhua news agency.

Chinese Premier Wen Jiabao said on Thursday his country would continue to invest in the EU.

Emissions row

This is the first significant deal in China for Airbus, whose parent company is EADS, since a dispute between the country and the European Union over the Emissions Trading Scheme (ETS).

Effective from 1 January this year, the ETS charges airlines for the carbon they emit.

China and other countries say the system is not fair, as it charges airlines for the full journey, not just over European airspace.

Following this in March, EADS chief executive Louis Gallois said Airbus was facing “retaliation measures” by China.

According to him, China had blocked firms from buying planes made by Airbus. Beijing did not comment on the allegation.”

via BBC News – China to buy 50 Airbus planes for $3.5bn.

Although $3.5bn sounds big, it is only half that being ordered by the Philippines: Airbus wins $7 bln Philippine Air order (vancouverdesi.com)

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