Latest news with #RemiMaillard
Economic Times
08-07-2025
- Business
- Economic Times
IndiGo likely to firm up orders for more Airbus A350s: Executive
IndiGo is likely to convert its purchase rights for 40 Airbus A350 family aircraft into a firm order, according to Airbus. This move follows IndiGo's previous order of 30 A350-900s, with deliveries expected to begin in mid-2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: IndiGo is expected to convert its purchase rights for 40 Airbus A350 family aircraft into a firm order, said a senior executive at the French plane India's largest carrier, had in April last year placed a firm order for 30 A350-900 aircraft and secured an option for an additional 70 A350 aircraft. Of this, last month, it converted 30 into a firm order, increasing its total confirmed A350 order book to 60 planes."They actually will order more aircraft. More likely would, because they secured that right, because they believe they will need those aircraft. And so, the (Indian) market is such that it's easy to appreciate that there is a need for much more advanced aircraft," Benoit de Saint-Exupery, executive vice-president sales of the commercial aircraft business at Airbus, told did not say when IndiGo is expected to place the order.A spokesperson for IndiGo, run by InterGlobe Aviation , did not respond to email queries. IndiGo's A350-900 planes, first ordered in 2024, will start arriving from mid-2027. The A350 is a long-range aircraft used by global airlines. It comes in two types - the A350-900 and the larger A350-1000. The aircraft can carry 300 to 410 passengers and can fly up to 18,000 km, or 15 to 18 hours is not yet clear whether IndiGo's future A350 orders will be for the A350-900 or the larger A350-1000. So far, Air India is the only homegrown carrier to order the A350-1000, which will feature a four-class layout including first June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the airline's outstanding orderbook for A320 family aircraft reached nearly 1,000 aircraft which are slated for delivery by the next decade. It comprises a mix of A320NEO, A321NEO and A321XLR aircraft. IndiGo currently has orders for 1,400 aircraft, including the 30 A350s it ordered in June this year. Out of this, more than 455 planes have already been delivered to A350-900 is listed at $308.1 million, while the A350-1000 is priced at $355.7 million, according to London-based aircraft broker AXON Aviation Group. Both Airbus and Boeing stopped publishing official aircraft prices in 2018 and 2019, respectively. Final aircraft prices vary for each airline and are usually negotiated privately. Airbus has orders for 1,391 A350 aircraft as of May 31 and has delivered 648 of the total, according to its also sees a role for its smaller A220 planes in India's regional routes, said Remi Maillard, president of Airbus India & South said India's young population, strong economy, and strategic location between the Middle East, Southeast Asia and Europe makes it well-placed to drive aviation Airbus, which is currently sourcing up to $1.4 billion worth of aerospace parts annually from India, aims to increase it by $600 million "well before the end of this decade," said sectors where Airbus sees potential to further grow its business in India, he said, "Defence, space, helicopters, commercial aviation, and the services related to all these... India is the fastest growing market, not only for commercial aviation, but for helicopters."
Time of India
08-07-2025
- Business
- Time of India
IndiGo likely to firm up orders for more Airbus A350s: Executive
Mumbai: IndiGo is expected to convert its purchase rights for 40 Airbus A350 family aircraft into a firm order, said a senior executive at the French plane maker. IndiGo, India's largest carrier, had in April last year placed a firm order for 30 A350-900 aircraft and secured an option for an additional 70 A350 aircraft. Of this, last month, it converted 30 into a firm order, increasing its total confirmed A350 order book to 60 planes. "They actually will order more aircraft. More likely would, because they secured that right, because they believe they will need those aircraft. And so, the (Indian) market is such that it's easy to appreciate that there is a need for much more advanced aircraft," Benoit de Saint-Exupery, executive vice-president sales of the commercial aircraft business at Airbus, told ET. He did not say when IndiGo is expected to place the order. A spokesperson for IndiGo, run by InterGlobe Aviation , did not respond to email queries. IndiGo's A350-900 planes, first ordered in 2024, will start arriving from mid-2027. The A350 is a long-range aircraft used by global airlines. It comes in two types - the A350-900 and the larger A350-1000. The aircraft can carry 300 to 410 passengers and can fly up to 18,000 km, or 15 to 18 hours nonstop. Live Events It is not yet clear whether IndiGo's future A350 orders will be for the A350-900 or the larger A350-1000. So far, Air India is the only homegrown carrier to order the A350-1000, which will feature a four-class layout including first class. In June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the airline's outstanding orderbook for A320 family aircraft reached nearly 1,000 aircraft which are slated for delivery by the next decade. It comprises a mix of A320NEO, A321NEO and A321XLR aircraft. IndiGo currently has orders for 1,400 aircraft, including the 30 A350s it ordered in June this year. Out of this, more than 455 planes have already been delivered to IndiGo. The A350-900 is listed at $308.1 million, while the A350-1000 is priced at $355.7 million, according to London-based aircraft broker AXON Aviation Group. Both Airbus and Boeing stopped publishing official aircraft prices in 2018 and 2019, respectively. Final aircraft prices vary for each airline and are usually negotiated privately. Airbus has orders for 1,391 A350 aircraft as of May 31 and has delivered 648 of the total, according to its website. Airbus also sees a role for its smaller A220 planes in India's regional routes, said Remi Maillard, president of Airbus India & South Asia. He said India's young population, strong economy, and strategic location between the Middle East, Southeast Asia and Europe makes it well-placed to drive aviation growth. Separately, Airbus, which is currently sourcing up to $1.4 billion worth of aerospace parts annually from India, aims to increase it by $600 million "well before the end of this decade," said Maillard. On sectors where Airbus sees potential to further grow its business in India, he said, "Defence, space, helicopters, commercial aviation, and the services related to all these... India is the fastest growing market, not only for commercial aviation, but for helicopters."
Yahoo
25-05-2025
- Business
- Yahoo
Why Airbus Stock Slipped on Friday
Airbus just picked a new "Head of Technology Airbus." The company may also have eliminated the title of Chief Technology Officer and may be de-emphasizing R&D. Other Airbus divisions have cut costs. Is Commercial Aircraft next? 10 stocks we like better than Airbus SE › Airbus (OTC: EADSY) stock sank 2.2% in afternoon trading, 3:10 p.m. ET, on news of a bit of a management shake-up. As Reuters reports, Airbus named Remi Maillard, currently head of Airbus India and South Asia, to lead its Research & Technology division as "Head of Technology Airbus" at the same time as he runs engineering at the company's core commercial airplanes business. Curiously, Airbus seems to have eliminated the title of "Chief Technology Officer" from its management team, however. Sources suggest the change has something to do with Airbus plans to introduce a successor to its popular A320neo airplane toward the end of this decade. While company CEO Guillaume Faury says technology remains "absolutely instrumental to the future of Airbus," at least one source believes the company is de-emphasizing technology (and maybe research and development spending), perhaps in an effort to cut costs. So what are investors to make of this? Perhaps nothing. Executives come and go and move around plenty in a large aerospace company like Airbus. One promotion does not a business shift make -- necessarily. But if Airbus is cutting costs in commercial airplanes, this would line up nicely with efforts to cut costs in the company's space division, for example, where layoffs and other cuts have been ongoing the past two years. If cost cuts are happening, this could be good news for investors. Priced at 28 times earnings and expected to grow earnings nearly 24% annually over the next five years -- and paying a dividend yield of nearly 2% -- Airbus stock already looks attractive. Cut costs and boost profits even just a little bit, and the stock could easily become cheap enough to buy. 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 $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% 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 Rich Smith 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 Airbus Stock Slipped on Friday was originally published by The Motley Fool
Reuters
23-05-2025
- Business
- Reuters
Airbus appoints Remi Maillard as head of technology, sources say
PARIS, May 23 (Reuters) - Airbus is appointing its top executive in South Asia to be its next head of technology, industry sources said on Friday. Remi Maillard will also be responsible for commercial aircraft engineering, replacing Sabine Klauke in both roles and superseding the 'Chief Technology Officer' role which will no longer sit on the executive committee, they said. From July 1, Klauke will become head of the next generation of digital design and manufacturing activities within the main commercial business. Airbus declined to comment.
Daily Tribune
09-02-2025
- Business
- Daily Tribune
Airbus and Boeing eye India's 'soaring skies'
AFP | New Delhi, India Email : Air traffic is booming in India, even though only a tiny fraction of its people fly each year, and manufacturers are seeking lucrative deals at the flagship Aero India exhibition from Monday. The International Air Transport Association (IATA) will also hold its annual general meeting in June in New Delhi, the capital of the world's fifth-largest economy, another clear sign of India's market punch. The sustained growth of its economy and middle class have made India and its 1.4 billion people the third-largest air market in the world, after the United States and China. "India is the rising star of global aerospace," said Remi Maillard, Airbus India and South Asia chief. "It is the fastest-growing commercial aviation market in the world -- and it will remain so for the next 20 years." Airbus rival Boeing, which will also take part in the five-day Aero India show in Bengaluru for global aero vendors organized by the defense ministry, is equally enthusiastic. "It's the most dynamic market on the planet -- and certainly the most exciting," Boeing India head Salil Gupte told AFP. India's civil aviation ministry boasts of "soaring skies" in a sector "experiencing a meteoric rise." That growth should lead to an increase in traffic in South Asia, mainly in India, of more than seven percent per year until 2043, according to Boeing's forecasts. "Per capita air travel remains low in India at a mere 0.12, compared to 0.46 in China," Maillard said, calling it a "telling comment on the potential of the Indian aviation market." Railways remain hugely popular but traveling by trains crisscrossing a country about three-quarters the area of the European Union is often slow and chaotic. Boeing estimates that it would take around two percent of the 18 million daily train users -- compared with 430,000 air passengers -- to switch to flying for the air market to double. 'Slippers' Hindu nationalist Prime Minister Narendra Modi has made the development of the air sector a priority since coming to power in 2014. Modi, who has said he wants to "bring air travel to the common people," began a plan in 2016 to boost air links between small towns and the country's megacities. "A common man who travels in slippers should also be seen in the aircraft -- this is my dream," Modi was quoted as saying by the aviation ministry. The number of airports has more than doubled in the past decade -- from 74 in 2014 to 157 in 2024, according to ministry figures. The government is pouring in millions of dollars and is promising to increase the numbers to between 350 and 400 by 2047, the centenary of India's independence. At the same time, the government has opened programs to train some 30,000 pilots and at least as many mechanics over the next 20 years. Airbus and Boeing are key partners in that, with an emphasis on promoting women. 'Revolution' The major manufacturers say the next leap in the airline sector in India will be international. "The kind of revolution we have seen in the Indian domestic market in the last few years is now happening in the long-haul market," said Airbus's Maillard, adding the company was "leveraging India's locational advantage, demographic dividend, and economic growth." Gupte said Boeing was expecting more orders for large aircraft capable of long-haul flights, which he believes will make up 15 percent of India's total fleet within the next 20 years. Boeing forecasts that the Indian market will need at least 2,835 new aircraft by this deadline -- three-quarters for market growth, and the rest as replacement. For Airbus, India made up nearly a 10th of its global commercial aircraft delivered last year -- 766 commercial aircraft in total to 86 customers in 2024, with 72 going to Indian carriers. Boeing, which was shaken by scandals related to the production quality of its aircraft, and slowed down by a strike, has not released figures for 2024. Neither aircraft manufacturer wanted to detail its ambitions for the Aero India show. However, India's order basket is overflowing. Air India, after a giant 2023 contract for 470 aircraft -- 250 Airbus, 220 Boeing -- ordered 100 more Airbus planes last year. India's largest carrier, low-cost airline IndiGo, is also not satisfied at having placed the largest order in volume in the history of civil aviation -- 500 from Airbus in 2023. It ordered 30 more last year.
