Money Airbus renames Canadian jet as A220, seen near U.S. deal

19:06  10 july  2018
19:06  10 july  2018 Source:   reuters.com

JetBlue selects A220 over Embraer plane

  JetBlue selects A220 over Embraer plane JetBlue selects A220 over Embraer planeChief financial officer Stephen Priest says the recently closed marriage between the two aircraft manufacturers was a secondary factor in the 15-month selection of the formerly named C Series.

15 (UPI) -- European aircraft-maker Airbus struck the biggest deal in its history at the Dubai Air Show on Wednesday, getting a U . S June 9 (UPI) -- President Trump said the United States will not endorse a G7 communique, accusing Canadian Prime Minister Justin Trudeau of making "false statements."

China' s domestic airlines have been major buyers of large passenger aircraft from Airbus and Boeing but the Western manufacturers shouldn't lose sleep over China' s ambitions in the market, according to analysts.

a large passenger jet flying through a blue sky: An Airbus A220-300 aircraft, a new brand for the small CSeries passenger jet acquired from Canada's Bombardier.© REUTERS/Regis Duvignau An Airbus A220-300 aircraft, a new brand for the small CSeries passenger jet acquired from Canada's Bombardier.

Airbus gave its newly acquired Canadian CSeries jet a new name and looked close to winning an inaugural order on Tuesday as it prepares to broaden its battle with Boeing for jet sales.

The European firm said it was rebranding the plane as the A220, slotting it just under its longstanding A300 portfolio which stretches from the 124-seat A319 to the 544-seat A380.

Airbus expects to sell a "double-digit" number of the jets that have 110-130 seats this year and sees demand for at least 3,000 of them over 20 years, said CSeries sales chief David Dufrenois.

Airbus says first results of C Series partnership with Bombardier will be proven at airshow

  Airbus says first results of C Series partnership with Bombardier will be proven at airshow The CEO of Airbus says it will reveal the first results of its majority stake in Bombardier Inc.'s C Series program at an upcoming international airshow near London. Tom Enders didn't specifically mention whether new orders will be announced at Farnborough, the premier aerospace show where the world's largest aircraft manufacturers sign important orders. But he promised 3,000 Bombardier employees who gathered in a C Series assembly hangar that Airbus will fight hard for every C Series deal in every aircraft campaign. Enders says Airbus needs the C Series to add an aircraft with 100 to 150 seats to its portfolio.

By 2023, Airbus foresees that it will completely buy out the Bombardier and Canadian It’s unlikely Bombardier will be able to offer U . S .-built CSeries jets before 2020. Both Enders and Bellemare repeatedly referred to the deal as a “win/win” for all parties connected with Airbus and Bombardier.

Lufthansa' s Airbus A350-900 business-class cabin, seen during a tour at Canada ' s Vancouver International Airport on May 1, 2018. Landing gear is seen near a Boeing 747 jumbo jets at Boeing' s assembly line in Everett, Wash., on June 17, 2014.

"I don't think it will be very long before we see the first results on the market," said Airbus Chief Commercial Officer Eric Schulz.

The CSeries has been locked in a fierce competition for a deal to supply jets to U.S. carrier JetBlue (JBLU.O) and is in poll position to win as Airbus also offers more attractive delivery positions on its larger planes, industry sources said.

Airbus and JetBlue declined comment.

The rebranding seals the takeover of one of Canada's most visible industrial projects and ends Bombardier's efforts to go it alone in the mainline jet market against larger rivals.

Airbus officials stressed it would be positive for jobs in Quebec where the lightweight jet is built.

The 110-seat and 130-seat models, previously known as CS100 and CS300, will be known as A220-100 and A220-300 respectively.

Airbus CEO says expects results from CSeries deal in time for Farnborough

  Airbus CEO says expects results from CSeries deal in time for Farnborough Airbus CEO says expects results from CSeries deal in time for FarnboroughLoad Error

The deal includes aircraft for Wizz Air , Frontier Airlines, Jetsmart and Mexico' s Volaris. Indigo has stakes in all ‎four airlines. This was seen as a particularly significant blow to Airbus when most analysts had predicted a big order from Emirates for its A380 superjumbo.

Hoke said Airbus is not considering jumping into the interim bid for fighter jets and is waiting to see the specifics from the Canadian government on the open competition. In 2016, Canada selected Airbus C295W aircraft for its fixed-wing search and rescue program, estimated at C billion (.36 billion).

A deal for Airbus to take majority control of the loss-making Montreal-based aircraft program with Bombardier and Quebec as minority partners closed on July 1.

The move also sets the stage for a broader confrontation with Boeing, which last week announced a tentative deal to take over the commercial unit of Bombardier's competitor Embraer.

Until now the two plane giants have focused mainly on planes starting at 150 seats and largely ignored the niche below their single-aisle jets.

Adding the smaller models to their portfolios will broaden the revenue base of each company and prevent a key slice of Western know-how reaching potential competitor China, which had held talks to buy the CSeries, people involved in the deal said.

The change of identity came in a slick branding ceremony as the Canadian-developed passenger jet performed a flypast in searing heat over Airbus's Toulouse facilities, with executives papering over past differences over prospects for the jet.

Airbus said it expected total demand for 7,000 planes in its category over 20 years, including its own A319.

(Reporting by Tim Hepher; Editing by Sudip Kar-Gupta and Edmund Blair)

David Olive: Break up Bombardier to keep it from going off the rails .
Seldom in its oft-troubled history has Bombardier Inc. seemingly enjoyed such bright future prospects as today.The order book for the aircraft and rail-equipment maker has been swelling with new contracts. Bombardier last year shed its C-Series albatross, now controlled by Airbus SE. Credit-rating agency DBRS Ltd. last month upgraded its financial expectations for Bombardier from “stable” to “positive.”And even before Wall Street securities firm Goldman Sachs Group Inc. put a “buy” recommendation on Bombardier shares in June, the firm’s stock was already on a tear.

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