Airbus’ latest capable plane the A350 is challenging the Market!

(oh yeah,but mad dog Boris declares ‘Europe’ a no go area……..hmmmmm)

Welcome to the Reuters.com BETA. Read our Editor’s note on how we’re helping professionals make smart decisions.

Read moreSkip to main contentSign InJuly 29, 20211:06 PM BSTLast Updated 13 hours ago

Aerospace & Defense

Airbus challenges Boeing cargo dominance with A350 freighter

Tim Hepher

3 minute read

An Airbus A350 takes off at the aircraft builder's headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau

An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau

PARIS, July 29 (Reuters) – Europe’s Airbus (AIR.PA) took aim at one of Boeing’s (BA.N) most profitable strongholds on Thursday with plans for a freighter version of its A350 passenger jet, gambling that a pandemic boom in Internet shopping will outlast the global health crisis.

Boeing has for years dominated air freight corridors with its windowless cargo planes, even as its European rival grabbed its crown as the world’s largest maker of passenger jets.

Airbus said its board had backed an A350 freighter to enter service in 2025, but did not announce customers.

“We believe we have a very promising aircraft,” Chief Executive Guillaume Faury said after unveiling better-than-expected half-year results. read more

Plans to challenge Boeing’s control of the freight market, maintained for decades through its 767, 777 and 747 cargo jets, were first reported by Reuters in March.

The move is seen as certain to trigger a response after Boeing CEO Dave Calhoun on Wednesday listed developments including, “I hope in the relatively near term”, a freighter version of the 777X.

The 777X is set to be the world’s largest twin-engined passenger jet but its development has been delayed by tightening safety certification standards and weak passenger demand.

The head of Qatar Airways told Reuters last month Boeing was already showing designs for a 777X freighter.

Airbus has for months been informally canvassing support for an A350 freighter to be added to the smaller A330 freighter, whose sales have failed to keep up with the mid-sized 767 workhorse.

FREIGHTER PREMIUM

Airbus hopes the arrival of the world’s first lightweight carbon-fibre freighter will provide an opening as tougher emission standards, restricting deliveries of existing 767 and 777 freighters, enter force in 2028.

Boeing is expected to argue that its larger 777X freighter will be more integrated with existing infrastructure.

Calhoun also said on Wednesday exemptions may be allowed for deliveries of current freighters that result in 40% lower emissions compared to the planes they replace.

Thursday’s announcement formally begins a race to sign up buyers ranging from express and logistics firms like FedEx (FDX.N) and UPS (UPS.N) to freight-minded Asian airlines or dedicated cargo carriers led by Luxembourg’s Cargolux.

At stake is Boeing’s dominance of a lucrative but volatile corner of the jet market in which freighters can fetch higher prices than passenger equivalents, according to market sources.

“We are closer every day, but we are not at the point where we can announce commercial transactions,” Faury said.

Reflecting an economy in transition, the jet’s design must juggle the needs of e-commerce leaders like Amazon, who put a premium on the space available for their relatively light but bulky packages, to heavy-duty shippers hungry for more payload.

Industry sources said the A350 freighter would carry 109 tonnes compared with the projected 115-117 tonne capacity of the 777X version, though Boeing has yet to finalise any plans.

New freighters could support depressed output of wide-bodied jets pending a pick-up in international passenger travel.

About half of global cargo by value travels by air, and in turn half of that usually goes in the belly of passenger planes.

During the pandemic, many airlines have been forced to park unused passenger jets, driving up demand for cargo space on dedicated freighters at a time when e-commerce has been a lifeline for many during COVID lockdowns.

Economists warn the trends could start to unravel as the pandemic eases, but Faury said he was not worried about missing a wave of anticipated cargo replacements later this decade.

Boeing last year predicted demand for 2,430 freighters over 20 years, including 930 purpose-built cargo planes and 1,500 converted from passenger airplanes.Reporting by Tim Hepher; Editing by Sudip Kar-Gupta, Carmel Crimmins and Jan Harvey

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters
Read Next

Sign up for our newsletter

Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox

Aerospace & Defense

Aerospace & Defense · July 29, 2021 · 4:20 PM BSTAirbus challenges Boeing cargo dominance with A350 freighterEurope’s Airbus (AIR.PA) took aim at one of Boeing’s (BA.N) most profitable strongholds on Thursday with plans for a freighter version of its A350 passenger jet, gambling that a pandemic boom in Internet shopping will outlast the global health crisis.Aerospace & DefenseFactbox: Juggernauts of the sky: How Boeing, Airbus freighters compareAerospace & DefenseAirbus ups forecasts after big H1 but cautious on virusAerospace & Defense”There is contact!” -Russia’s new Nauka space module docks with ISSAerospace & DefenseBAE Systems raises dividend, launches new buyback on strong outlook

Latest
Media
Browse
About Reuters
Stay Informed
Information you can trust

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

Follow Us
Thomson Reuters Products
  • WestlawBuild the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
  • OnesourceThe most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
  • CheckpointThe industry leader for online information for tax, accounting and finance professionals.
Refinitiv Products
  • EikonInformation, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
  • Refinitiv Data PlatformAccess to real-time, reference, and non-real time data in the cloud to power your enterprise.
  • World-CheckScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

© 2021 Reuters. All rights reservedFeedback

Close

Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: