Airbus readies A321XLR jetliner launch, sees A330neo sales

Investing News

© Reuters. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse

PARIS (Reuters) – Airbus sought on Friday to heighten anticipation surrounding a new longer-range version of its A321neo and hinted at new orders for its larger A330neo plane ahead of a Paris Airshow overshadowed by the grounding of Boeing’s 737 MAX.

Sales chief Christian Scherer told a news briefing ahead of the June 17-23 event that the current longest-range A321 variant, the A321LR, had a range of 4,000 nautical miles and added “hint, hint, hint, maybe soon a little more”.

Airbus has already started pre-marketing the longer-range A321XLR which will allow airlines to offer long trips in narrowbody planes on routes where demand is too slim to justify taking the risk of trying to fill a larger wide-body.

The aim of the plane, whose development was first reported by Reuters, is also to narrow the available market for a possible new middle-market jet that Boeing (NYSE:) is contemplating as a replacement for its out-of-production 757 and 767.

Airbus plans to launch the A321XLR with a maximum takeoff weight of 101 tonnes and a range of 4,500 nautical miles (8,300 km) based on some 210 seats, reaching as far as 4,800 miles.

Airbus officials avoided directly attacking arch-rival Boeing at a news conference ahead of the world’s largest air show as the U.S. company’s competing 737 MAX remains grounded for a third month.

Airbus is said to be concerned that any competition between regulators in the wake of two fatal 737 MAX crashes could disrupt the industry including the global supply chain.

Scherer said the Airbus narrow-body family is 5 percent more efficient per seat than its competitor. Boeing makes similar claims for the 737 MAX 8. Both companies have sold thousands of the upgraded jets which boast fuel savings due to new engines.

The two giants typically make brash marketing claims at air shows but this year’s event is expected to be relatively sombre.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Articles You May Like

Cramer: Facebook will ‘take out’ its all-time stock high after its expected crypto launch
Sources: Governor Andrew Cuomo’s Office, Senate & Assembly Meet To Discuss Marijuana Legalization – CBS New York
Nevada creates marijuana board & bans social use licensing for two years
‘Bond King’ Jeffrey Gundlach bets on gold, sees rising recession chances, dollar decline
ForexLive Americas FX news wrap: Strong retail sales send USD higher