Latest news with #A220
Cision Canada
18-07-2025
- Business
- Cision Canada
Airbus announces Guillaume Chevasson as Head of A220 Programme and CEO of Airbus Canada Limited Partnership Français
MIRABEL, QC, July 18, 2025 /CNW/ - Airbus has appointed Guillaume Chevasson as Head of A220 Programme and Chief Executive Officer of Airbus Canada Limited Partnership, effective October 1st 2025. Guillaume is currently Head of Finance & Controlling, Programmes and Services, for Airbus Commercial Aircraft since 2020. He will succeed Benoît Schultz who has been appointed as Chief Procurement Officer of Airbus. Benoît Schultz successfully steered the A220 Programme and the growth of Airbus' presence in Canada since his nomination in 2021. He has led the organization through its strongest growth phase when it doubled in number of employees, order book and production rate, as well as accelerated its deeper integration within Airbus. Major achievements under his leadership include, namely, the inauguration of the pre-assembly line, the entry into service of the A220 flight and integration tests center and the construction of the new delivery center in Mirabel. Over the last few years, Airbus has become a leading aerospace company in Canada and an employer of choice while the A220 Programme gained the resilience and maturity to be the most successful small single-aisle on the market for the years to come. In his new role, Guillaume will lead the organization as it moves into the final production ramp up phase and, hence, en route to achieving profitability. Guillaume, 42, joined Airbus in 2005 and has held several executive roles over the last 15 years. A highly accomplished finance executive, he has significantly influenced Airbus Commercial's financial success and has overseen transnational teams. Guillaume also served as Vice Chairman of EFW and a board member for ATR and Aerostack. His expertise extends to driving major financial deliverables, boosting competitiveness and overseeing the successful merger of Airbus Commercial and Airbus Group. Beyond finance, Guillaume's experience includes a background in international business development, including leading sales and marketing efforts in Asia-Pacific, implementing country strategies in Brazil, and managing merger and acquisition activities. He also contributed to various activities linked to the defense sector, internationally. Guillaume was born in Toulouse, France. He holds a Post Graduate & Master in Financial Audit from I.C.N. Business School. He will be moving to Montreal in the coming months with his family to take up his new role as Head of A220 Programme and CEO, Airbus Canada Limited Partnership. HERE.
The Star
09-07-2025
- Business
- The Star
AirAsia nears deal for Airbus narrowbody jet
The advanced discussions for extra-long-range narrowbody aircraft could still end up with no deal. KUALA LUMPUR: AirAsia Bhd is nearing an agreement to buy dozens more Airbus SE single-aisle aircraft in a deal that could be announced during Prime Minister Anwar Ibrahim's state visit to France this week, according to people familiar with the matter. The South-East Asian low-cost carrier is working on an expanded aircraft purchase with the European planemaker, which supplies all its aircraft, said the people who declined to be identified discussing private matters. The advanced discussions for extra-long-range narrowbody aircraft could still end up with no deal, they said. AirAsia has 240 mostly single-aisle aircraft in its fleet, and a backlog of more than 350 orders for the top-selling A320 family of jets. The budget carrier has also been discussing an order for up to 100 of Airbus' smaller A220 jets. — Bloomberg
New Straits Times
04-07-2025
- Business
- New Straits Times
AirAsia eyes 150 jets in major new aircraft order by next month: Tony Fernandes
KUALA LUMPUR: AirAsia Bhd is in talks with aircraft manufacturers for a major new aircraft order of up to 150 aircraft, said Capital A Bhd chief executive officer (CEO) Tan Sri Tony Fernandes. Fernandes described the upcoming order as the final piece in the airline group's 15-year fleet strategy. He said the order will be finalised by next month and although he did not specify the aircraft model under consideration, he said that the discussions are ongoing with several aircraft manufacturers, including Embraer and Airbus. "We are looking at it very aggressively. I hope to make an announcement in the next month. There are two contenders for that aircraft order, and that would complete our network strategy," Fernandes said during a media briefing yesterday. In December 2024, he told the media that AirAsia was in talks with Airbus, Embraer and the Commercial Aircraft Corporation of China Ltd (COMAC) as the budget carrier plans to expand its fleet. AirAsia Aviation Group Ltd (AAGL) deputy CEO Farouk Kamal told Business Times in a separate interview recently that both the A220 and the Embraer E2 aircraft, with capacities of 130 to 160 seats, are under evaluation for deployment on thinner routes and new point-to-point services. AAGL CEO Bo Lingam also said in the interview that the addition of smaller narrowbody aircraft with longer range capabilities would enhance the group's fleet mix and open up opportunities across the region such as Indonesia, the Philippines, Cambodia or even Kota Kinabalu. In May this year, Airbus Asia Pacific president Anand Stanley said the aircraft manufacturer is eyeing Malaysia as a key market for its A220 aircraft given the country's position as a regional aviation hub and its growing demand for efficient, next generation aircraft that are capable to fly both the short-haul and long-haul routes. Yesterday AirAsia announced an order for 50 A321XLR (extra long-range aircraft) worth RM51.7 billion (US$12.25 billion) with conversion rights for 20 more of the same aircraft type. Fernandes signed a Memorandum of Understanding (MoU) for the aircraft order with Airbus Commercial Aircraft CEO, Christian Scherer yesterday in Paris. The signing ceremony was witnessed by Prime Minister Datuk Seri Anwar Ibrahim. Speaking on the future of AirAsia's outstanding A330neo (new engine option) order, Fernandes said the airline is currently discussing with Airbus on the matter. "We'll have to wait and see. We're now discussing. There is another order we are working on with two aircraft manufacturers for up to 150 aircraft. We think we will know that in the next month." "This is a very long process but we have to get it right. At that point, we would complete our strategy and we would know our direction on the A330," he added. Fernandes said there have been no cancellations to the A330neo order at this point, although the direction will be clearer once the new aircraft order plan is finalised. He added that the airline group's immediate focus is to restore its entire 255 fleet back into operation after the post-pandemic downturn. He expects all aircraft to be back flying by August this year. "My number one priority is to get all our planes back. We had a very good discussion with our OEM (original equipment manufacturer) in getting the right engines and supplies back," he said. Fernandes added that AirAsia has also been optimising its network. One recent example was replacing the A330 on the Kuala Lumpur-Perth route with the more efficient A321neo, aligning with group's narrowbody fleet strategy. "We are now confident to take that next stage in regrowing AirAsia," he said, adding that the airline's recent order of 50 A321XLRs as a signal that AirAsia is now in a position to grow. In addition to operational recovery, Capital A is also finalising a corporate restructuring that involves the sale of its aviation businesses – AirAsia and AAGL to AirAsia X for RM6.8 billion. As part of the deal, Capital A will receive RM3 billion worth of AirAsia X shares, while the latter will assume RM3.83 billion in debt belonging to Capital A. The sale will see all short-haul operations under AirAsia to be housed under AirAsia X and the consolidated company will be rebranded as AirAsia Group. Fernandes said the sale of the aviation businesses is key to Capital A's plan to exit Bursa Malaysia's Practice Note 17 (PN17) status. "The first bit of the most important part on this conversation is creating AirAsia group, and that's the disposal of AirAsia Group from Capital A…Once we dispose of aviation, then Capital A is virtually out of PN17, just some administrative issues and court issues," he said. Fernandes said Capital A has secured most of the required consent letters that it needed from its creditors and the RM1 billion of equity. The remaining hurdle is approval from Thai Securities and Exchange Commission (SEC), which he hopes to resubmit for in the coming weeks. Capital A needs the green light from the Thai SEC on the proposed disposal of AAGL. AAGL operates passenger airline services through subsidiaries in Thailand, Indonesia, the Philippines and Cambodia. Once the sale has gone through, the rebranded AirAsia Group will continue to be listed on Bursa Malaysia while Capital A will focus on six of its non-aviation businesses. The businesses include its engineering arm, Asia Digital Engineering, logistics unit Teleport, travel platform AirAsia MOVE, e-wallet BigPay, in-flight food brand Santan, and branding unit ABC. Fernandes said the six subsidiaries would be looking for a dual listing, potentially in Hong Kong. "Capital A is very much looking at a dual listing and raising capital independently. AirAsia Group will be a Malaysian listed company," he said.
Business Times
04-07-2025
- Business
- Business Times
AirAsia in talks with Airbus to convert some narrow-body orders to long-range model: sources
[KUALA LUMPUR] Budget airline AirAsia is in negotiations with Airbus to convert some existing narrow-body plane orders to the long-range A321XLR model as it sets a path out of restructuring, two industry sources said on Thursday (Jul 3). Tony Fernandes, CEO of AirAsia owner Capital A Group, told Reuters last month he was in talks to buy 50 to 70 of the latest Airbus model within one to three months, but signalled the first priority was to complete the group's financial reorganisation. A deal could come as early as this week when Malaysian Prime Minister Anwar Ibrahim visits Paris, the sources said. A separate source said that a deal was not guaranteed. Malaysia-based AirAsia is one of Asia's largest low-cost carriers and one of Airbus' largest customers, with more than 350 planes on order. It has been steadily restructuring its order book as it faced financial difficulties after a slump during Covid-19. Such a deal would not necessarily increase the overall size of AirAsia's outstanding orders with Airbus but would support the industry's longest-range narrow-body jet model, they said. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Talks for a potentially large order of smaller A220 planes have taken a backseat for now, they added. Fernandes wants to expand AirAsia's global reach and has said Airbus' long-range models are an important part of that vision. Fernandes said this week that he was seeking a hub in the Gulf region. AirAsia is in talks with four locations, including in Saudi Arabia and Ras Al Khaimah, part of the United Arab Emirates, he told Dubai Eye radio. Bloomberg News on Thursday reported that AirAsia could place orders for narrow-body jets during the prime minister's visit, but that a deal was not guaranteed. Airbus and AirAsia did not immediately respond to requests for comment. REUTERS
Business Insider
03-07-2025
- Business
- Business Insider
Airbus Stock (NASDAQ:EADSY) Notches Up With New Interest in Long-Range Aircraft
Aircraft maker Airbus (EADSY) occupies an interesting position in the aircraft market as, effectively, part of a duopoly with Boeing (BA). And there is a new development that Airbus has seen coming from the Asian market that bears watching. There is a growing interest in long-range aircraft, to the point where some airlines are changing previous orders to the longer-range breed. That left investors considering the matter further, and gave Airbus a fractional boost in Thursday afternoon's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The reports note that AirAsia is currently talking to Airbus about converting an order for narrow-body aircraft to an order for A321XLR models instead. AirAsia is a budget airline that is currently in the midst of restructuring, reports note, so a certain amount of change in its property, plant, and equipment priorities makes some sense. AirAsia is currently working to complete a financial reorganization, but was also in talks to buy another 50 to 70 Airbus aircraft within the next three months. In fact, reports note, AirAsia currently has outstanding orders with Airbus of over 350 planes in total. There was also a potential order for a hefty quantity of A220 planes—a smaller aircraft overall—but those have been pushed aside for now. Given that Airbus has a production backlog of over 8,500 aircraft, it is a safe bet that AirAsia's planes are nowhere near production just yet. Changing the order accordingly might be within possibility. The Unexpected COMAC Revival The Boeing / Airbus duopoly has been somewhat shaky for some time now. There are, after all, other aircraft makers out there. Embraer (ERJ), for instance, is a thing, though nowhere near on either Boeing or Airbus' scale. But then there is COMAC, the Commercial Aircraft Corporation of China. While this darkest of horses has been in the background for years, it recently made a move that may turn the duopoly into a triumvirate…someday. Air China (AIRYY), just Tuesday, launched its first international service flight using a COMAC C909 aircraft. The C909 is generally regarded as a regional aircraft, with seating that generally runs between 78 and 90. It is a smaller aircraft, but for regional flights that have shorter turnaround times, such aircraft are not out of line. The flight ran 90 minutes, from Hohhot in northern China to Ulaanbaatar in Mongolia, but still represented a major step forward for COMAC's ambitions. Is Airbus Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on EADSY stock based on one Buy assigned in the past three months, as indicated by the graphic below. After a 40.08% rally in its share price over the past year, the average EADSY price target of $38.80 per share implies 25.15% downside risk.
