Latest news with #AirbusA330neo
New Straits Times
05-07-2025
- Business
- New Straits Times
Malaysia Aviation Group doubles A330neo commitment with order for 20 more aircraft
KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines Bhd, has taken a major step in its long-term fleet renewal strategy by exercising its purchase rights for 20 additional Airbus A330neo (new engine option) aircraft, doubling its total commitment of the aircraft type to 40 planes. MAG group managing director, Datuk Captain Izham Ismail said the new order, which was a direct order with Airbus, builds on the group's initial purchase of 20 A330neo aircraft in 2022, comprising 10 aircraft directly purchased and 10 leased from aircraft lessor, Avolon. "The A330neo continues to deliver the right balance of operational efficiency, range, and cabin comfort to support our network and growth strategy. "This additional order reinforces our long-term vision of building a future-ready fleet that supports sustainable growth, delivers consistent value to our passengers, and strengthens our competitiveness in key markets," he announced in a statement today. The announcement was made during Prime Minister Datuk Seri Anwar Ibrahim's official visit to France. MAG said deliveries of the new batch of A330neos are scheduled between 2029 and 2031. The aircraft will be powered by the latest generation Rolls-Royce Trent 7000 engines. The aircraft will be used to enhance the group's connectivity and expand its network across key markets in Asean, China, India and Australasia with the aim of strengthening Malaysia Airlines' position as a leading premium carrier in Asia Pacific. So far, the group has taken delivery of four A330neos, which are operating on selected services to Auckland, Melbourne and Bali. MAG is expecting to receive another six aircraft by end-2025. The remaining order from the 2022 order is set to arrive progressively through to 2028. Airbus welcomed the repeat order from MAG, viewing it as a strong endorsement of the A330neo's performance and appeal among full-service carriers. "We are proud to further strengthen our relationship with MAG as it expands its A330neo fleet. This repeat order is a strong endorsement of the A330neo's exceptional performance, fuel efficiency, versatility, and passenger comfort, as well as a testament to the aircraft's popularity among the world's premium airlines," Airbus EVP Sales of the commercial business Benoît de Saint-Exupéry said. The order for 20 additional A330neo is the first part of MAG's three major widebody aircraft campaigns as the group charts its next phase of twin-aisle fleet growth. Izham told Business Times in an interview in April that the second campaign will see the group evaluating new long-range widebody aircraft such as the A350, Boeing B787 Dreamliner and B777-9. The third campaign involves renewing the cargo fleet operated by MAG's freighter arm, MASKargo. Izham said the group is exploring whether to convert its A330ceo (current engine option) passenger aircraft into freighters or to acquire brand new cargo aircraft MAG is expected to issue a request for proposal for its long-range widebody campaign in the third or fourth quarter this year.
BusinessToday
04-07-2025
- Business
- BusinessToday
Stock Today: Capital A Slips At Midday As MAG Eyes Bigger Jet Deal With Airbus
Capital A Bhd's shares edged 1.18% lower to RM0.84 by midday Thursday, shedding one sen from the previous close, as trading momentum softened ahead of wider sector developments. The counter hovered between RM0.835 and RM0.855, with over 4.8 million shares traded by 2.06pm. The market's subdued sentiment came as industry attention turned to Malaysia Aviation Group's (MAG) potential aircraft order expansion. According to industry sources, MAG, the parent of Malaysia Airlines, is close to firming up an order for additional Airbus A330neo long-haul jets, with a possible announcement expected during Prime Minister Anwar Ibrahim's official visit to Paris this week. While the deal has no direct bearing on Capital A, which operates the low-cost AirAsia fleet, the anticipated order underscores MAG's growth ambitions in full-service long-haul operations, a segment Capital A has also explored in the past through its widebody arm, AirAsia X. The Airbus development, paired with broader industry moves in aerospace and fleet modernisation, is seen by some investors as a potential reconfiguration moment for Malaysia's aviation landscape. The earlier 2022 agreement between MAG and Airbus included 20 confirmed A330neo orders with options for another 20, which the group is now considering exercising. MAG has also signalled interest in evaluating larger aircraft such as the Airbus A350, Boeing 787 and Boeing 777X. Capital A continues to focus on digital expansion and its MRO business through Asia Digital Engineering, but investor sentiment has remained cautious amid increased competition and slow financial clarity on the group's transformation. The counter has been consolidating just below the RM0.90 threshold in recent weeks, with aviation stocks broadly reacting to both global macro headwinds and shifting strategic alignments among key players. Related
Yahoo
29-05-2025
- Business
- Yahoo
Why Shares in Airbus Took Off Today
A wide-body aircraft order boosted optimism in Airbus' ability to compete with Boeing in this market. Boeing and Airbus are struggling to ramp up production to pre-COVID-19 levels, and the new order helps restore confidence in airlines' willingness to place orders despite extended lead times. 10 stocks we like better than Airbus SE › Shares in European aerospace giant Airbus (OTC: EADSY) rose by as much as 4% in early-morning trading today. The move follows the announcement that Vietnam's Vietjet airline has doubled its orders of wide-body Airbus A330neo aircraft to 40 from 20 during French President Macron's visit to the country. The airline already operates an all-Airbus fleet , comprising 116 narrow-body A320 family aircraft and seven wide-body A330s in operation. Therefore, the order isn't a new "logo" win for Airbus. Instead, it's an expansion of orders in the lucrative wide-body market: planes used for longer-haul flights. It's also a shot in the arm for Airbus' wide-body programs, notably the A330neo, which only had 82 orders in 2024, and just 10 orders in 2025 (from Saudi Group) in 2025 before the Vietjet order. Airbus is typically seen as leading in the narrow-body market, not least due to Boeing's problems with the 737 MAX, but lagging its American rival in the wide-body market, where the 787 Dreamliner (the A330's primary competition) and the forthcoming 777X offer formidable competition. Airbus and Boeing continue to grapple with supply chain issues that pose potential restraints on production capacity, and there is a concern that extended delivery delays could lead airlines to forgo orders, particularly in the wide-body market. As such, the Vietjet order will help restore confidence in Airbus's order trajectory and, more importantly, airlines' willingness to place orders for aircraft in an uncertain trading environment. Before you buy stock in Airbus SE, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Airbus SE wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares in Airbus Took Off Today was originally published by The Motley Fool Sign in to access your portfolio
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
British Airways Delivers on Lutnick's Promise With Big Boeing Order
The parent company of British Airways said it had agreed to buy 32 Boeing 787-10s with General Electric engines, confirming purchases touted alongside the U.S.-U.K. trade deal on Thursday by U.S. Commerce Secretary Howard Lutnick. The deals have a combined sticker price of $12.7 billion but International Consolidated Airlines said it had negotiated a substantial discount, as is standard for large aircraft deals. The company also said it ordered 21 Airbus A330neo jets valued at $7.9 billion before the customary discounts. Plus, it converted previously agreed options for 18 other Airbus and Boeing widebody jets. IAG Chief Executive Luis Gallego said the aircraft deals had been in the works 'for a long time,' preceding trade talks between the U.S. and U.K. Still, he welcomed Thursday's agreement, noting aviation's decadeslong status as tariff-exempt. 'We don't need tariffs,' he said.
Arabian Business
24-04-2025
- Business
- Arabian Business
Saudia announces order of 20 Airbus A330neo planes
Saudia Group has announced a new aircraft deal with Airbus to enhance its fleet by adding up to 20 new wide-body A330neo aircraft. 10 of which the new planes are for flyadeal, the Group's low-cost carrier. The A330neo model aligns with the Saudia Group's strategy to broaden its operational reach and introduce more destinations. Saudia and flyadeal order Airbus A330neo planes Deliveries are scheduled to begin in 2027, with the final aircraft arriving in 2029. Ibrahim Al-Omar, Director General of Saudia Group, said: 'Today's deal marks a pivotal milestone in our ambitious strategy to modernise and expand our fleet. 'It builds on last year's historic deal with Airbus for 105 aircraft. This step aligns with our national strategies under Saudi Vision 2030, which aim to connect 250 destinations and facilitate the travel of over 330m travellers and 150m tourists by 2030. 'This deal supports Saudia Group's plans to grow and improve its operations. It adds to the modernisation of our fleet, improves aircraft maintenance, and makes our overall operations more efficient.' Benoît de Saint-Exupéry, Executive Vice President of Sales for the Commercial Aircraft business at Airbus, said: 'Saudia Group's A330neo order for flyadeal marks a key step in advancing the Kingdom's aviation ambition to unlock long-haul markets and attract new customers. 'The A330neo's proven versatility, new-generation efficiency, and excellent passenger experience will perfectly support Saudia Group's strategic growth and solidify their position as a global aviation leader. 'We look forward to seeing this versatile champion fly in flyadeal colours.' The airline group currently operates a fleet of 194 aircraft, serving commercial aviation, cargo operations, and logistics services. The Group is set for significant expansion, with 191 new aircraft scheduled for delivery in the coming years.
