New jets will go to JetBlue and a start-up called Moxy. AFP
New jets will go to JetBlue and a start-up called Moxy. AFP

Airbus finalises sale of 120 A220 passenger jets



Airbus finalised orders for a total of 120 of the former Bombardier CSeries jetliner on Thursday, narrowing a gap in sales against Boeing thanks to the arrival in its portfolio of the smaller jets but leaving it trailing in core orders.

Airbus, which took over the loss-making CSeries in July last year and rebranded it the A220, said it had finalised deals to sell 60 each of the planes to US-based JetBlue and to Moxy, a US start-up backed by JetBlue founder David Neeleman, a total sale worth $11 billion, it was reported.

They are the first formal orders for the 110-130-seat plane since Airbus took majority control of the Montreal-based programme with Bombardier and Quebec as partners.

That realignment sets the stage for a broader confrontation with Boeing, which last month closed a deal to take over 80 per cent of the commercial unit of Bombardier’s competitor Embraer, subject to Brazilian government approval.

For 2018, most attention is on the core sales battle between the transatlantic plane giants, with Boeing so far in the lead.

Airbus ended November with 35 percent of net sales in the main jetliner market against its US rival after 11 months overshadowed by management changes and delivery delays.

Since then it has picked up speed with formal deals for 220 aircraft, including a 100-plane order from Irish lessor Avolon, leaving it 90 short of Boeing's end-November total of 690 jets.

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On a like-for-like basis, excluding the former CSeries model, Airbus has reached a total of 480 net sales for the year against Boeing's most recent tally of 690, while reaching a market share of 41 per cent, based on reported orders.

Airbus plans to give full-year figures on January 11. Both companies often pull in last-minute deals to lift annual totals, with announcements delayed until early the following year.

Airbus is meanwhile preparing a keenly awaited delivery tally, amid growing doubts over whether it has been able to achieve a 2018 target of 800 deliveries, or 782 without counting any of the Canadian A220 jets, industry sources said.

One said it was "more than likely" Airbus had missed the target by a handful of jets, marking the first time it has done so since it was reshaped through European mergers in 2000.

An Airbus spokesman declined to comment.

Deliveries are closely watched by investors since they mark the point at which most cash and operating profit are generated.

Plane makers worldwide have been struggling with supplier problems in the past 12 months and Airbus has faced some production snags and quality problems, though any shortfall in deliveries is not expected to have a significant profit impact.

TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.