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Edwin P K

AK increased order...

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FARNBOROUGH, England, July 19 (Reuters) - Planemakers Boeing Co. (BA.N: Quote, Profile, Research) and Airbus (EAD.PA: Quote, Profile, Research) are among the companies announcing deals at the Farnborough International Airshow, the industry's biggest event this year, under way near London.

 

Below are key announcements from the event so far:

 

* Dubai-based airline Emirates [EMAIR.UL] said it would buy 10 of Boeing's 747-8 freighter planes for $3.3 billion. Deliveries will start from 2010.

 

* Indonesia's Lion Air placed an order for 30 Boeing 737-900ER (Extended Range) planes worth over $2.2 billion at list prices for deliveries scheduled from early 2010.

 

* Airbus signed a memorandum of understanding with Libya's Afriqiyah Airways for up to six A330 and up to 14 A320 planes in a deal it said was worth $1.7 billion.

 

* Aircraft leasing firm ILFC ordered 10 Boeing aircraft in a deal worth $1.2 billion at list prices. ILFC said it was converting options into orders for six 737-800, two 777-300ER and two 787 Dreamliners.

 

* Britain's Ministry of Defence said it had signed a production contract with BAE Systems (BA.L: Quote, Profile, Research) worth 1.1 billion pounds ($2 billion) for 12 Nimrod MRA4 planes.

 

* Indian cargo airline Flyington Freighters said it signed a purchase agreement for four Boeing 777F cargo planes worth almost $1 billion at list prices.

 

* U.S. lessor Pegasus Aviation Finance Co. said it had ordered 6 Boeing 787-8 planes worth $918 million at list prices. Four of the orders will be transferred from Italian carrier Blue Panorama, which will lease the planes.

 

* GE Aviation (GE.N: Quote, Profile, Research) said lessor ILFC (AIG.N: Quote, Profile, Research) had selected GE90 engines for 787 and 777 planes worth more than $750 million.

 

* Airbus said Indian low cost airline GoAir was buying 10 of its A320 planes, worth $670 million at list prices. GoAir also has an option to buy 10 more.

 

* Helicopter maker AgustaWestland, owned by Italian defence group Finmeccanica (SIFI.MI: Quote, Profile, Research), said it had won a 500 million euro ($624.8 million) helicopter contract.

 

* Kuwait-based freight operator Load Air Cargo ordered two Boeing (BA.N: Quote, Profile, Research) 747-400 ER freighters worth $494 million at list prices for deliveries beginning in early 2009.

 

* Rolls-Royce (RR.L: Quote, Profile, Research) said it had signed a preliminary deal with Airbus to supply a new engine for its planned A350 XWB model due in 2012.

 

(Reporting by Kerstin Doerr, Tim Hepher, Jason Neely, Benoit Van Overstraeten, James Regan, Jason Neely)

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and.............how about this one:

 

FARNBOROUGH - Airbus announced today (19jul) during the Farnborough Show various spectacular orders. The Spanish Grupo Marsans, holder of Air Plus Comet and Air Pullmantur ordered 12 A330-200's, to be delivered between 2008 and 2009, with 10 more on option, and will replace the current 747-200's in both fleets. The Spanish carriers wants to expand their long-haul destinations with these A330's.

 

AirAsia ordered 40 A320's with an option on another 30 , and is currently operating 7 of the type. Including this new order, the Malaysian airline has 100 A320's on order. The new aircraft are intended as replacements for their current 737-300 fleet.

 

Leasecompany ILFC, who announced an order of 10 Boeings today, expands their fleet with 6 A320's aswell. With this order, the total of ILFC operated A320's will grow to 430 units. ILFC has a total of 600 Airbuses of various types in the fleet.

 

The Greek Aegean Airlines is adding another 6 A320's to their fleet, ofwhich 3 will be leased from ILFC. In total, Aegean has 14 A320 on order. The new planes will be delivered between January 2007 and April 2009. Aegean also has 9 option for the A320.

 

 

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Airbus Wins $2.6 Billion Order From AirAsia for 40 A320 Planes

 

July 19 (Bloomberg) -- Airbus SAS, trailing Boeing Co. in orders this year, won a contract valued at as much as $2.6 billion from AirAsia Bhd. for 40 single-aisle A320 planes.

 

The contract includes options for an additional 30 aircraft, Toulouse, France-based Airbus said in a statement today at the Farnborough International Airshow. AirAsia, Southeast Asia's biggest discount carrier, is replacing its fleet of Boeing Co. 737s with the A320s. It already has 60 of the A320s.

 

Toulouse, France-based Airbus is trying to keep its status at the top of the $60 billion-a-year commercial plane market. It announced at the air show earlier this week that it will build an all-new A350 XWB. Airbus received contracts for 117 planes in the first six months of the year, a quarter of the total received by Chicago-based Boeing.

 

http://www.bloomberg.com/apps/news?pid=con...id=awfSUsjJXwVE

 

 

This means that Air Asia converted the options in its previous Order fo 60 Firm / 40 Options, so now the updated numbers look at 100 firm / 30 Options :drinks: :drinks: :drinks:

 

huge amounts of planes there!

 

 

 

Air Asia is really looking to dominate the market!

Edited by Ken K. Kour

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Again, the 320 is a hot cake for Airbus. :clapping:

The widebodies is always there for Boeing

Congrato to both! :drinks:

 

No major surprise, but ILFC 773ER and 787 order really put me in curious, who gonna lease them?

New Indian cargo with 777F, that's a major start ahead!

 

Looks like Airbus is leading interm of order not the value

Edited by Seth K

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Malaysia Airlines placed an order of 100 A320? That is sooooo cool! more airbuses in our fleet! yes!!!

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Malaysia Airlines placed an order of 100 A320? That is sooooo cool! more airbuses in our fleet! yes!!!

 

PC, that's AK, not MH.... the Malaysian airlines.... :lol:

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PC, that's AK, not MH.... the Malaysian airlines.... :lol:

 

:pardon:

AK is MalaysiaN Airlines..

hehe

I was thinking od when does MH order 100 A320s too.. :rofl: :pardon:

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From Airbus.com

 

AirAsia orders 40 more A320 Family aircraft

19 July 2006

 

AirAsia, the region's fastest growing low cost carrier, has signed a contract for 40 more A320 Family aircraft, and taken another 30 on option. This brings their total orders for the Airbus Single Aisle Family to 100. A total of seven A320s are currently in service with AirAsia.

 

Over time they will completely replace the Boeing 737-300 fleet currently operated by the AirAsia Group, which comprises AirAsia in Malaysia, Thai AirAsia in Thailand and AirAsia Indonesia. All A320 aircraft will be configured with 180 seats.

 

"The A320 has heralded a new era for AirAsia. The sophistication of these aircraft has enhanced our image and brand and enabled us to capture a wider market segment than previously. The superiority of the A320s in terms of fuel burn, maintenance requirements, increased capacity, wider cabin and larger cargo payload, has allowed us to have greater operational efficiency, while ensuring that our cost optimization program remains as the lowest in the world," said Datuk Tony Fernandes, Group CEO, AirAsia Berhad.

 

AirAsia is one of many low cost carriers (LCC) from the Asia-Pacific region to introduce A320 Family aircraft, with 12 LCC from Australia, India, Indonesia, Japan, New Zealand, Philippines and Singapore already having the aircraft in service. More than 520 Airbus A320 Family aircraft are in service with 39 airlines in Asia-Pacific, with total orders from the region now close to 1,000 aircraft. The A320 Family has a widespread reputation for high dispatch reliability on short hops, with wide aisles facilitating quick turnarounds for efficient operations.

 

"Over the past years, the A320 Family has proven to be the outstandingly popular choice with both start-up and established low-cost carriers in the Asia Pacific region, and I am delighted that the popularity of the A320 with AirAsia and its discerning passengers has resulted in this latest vote of confidence in the aircraft. With its superb economics and high passenger appeal, the A320 is winner that will further spur AirAsia’s success," said Mr Christian Streiff, President and CEO of Airbus.

 

The A320 is a member of Airbus' single-aisle Family, comprising the A318, A319, A320 and A321 and has a seat capacity between 107 and 220 seats. It is the fastest selling aircraft family with over 4,300 sold so far. This Family offers a range of essential benefits to low cost airlines: Wider aisles and full-scale service doors, as well as a bigger, more accessible cargo area enabling faster turnaround times. Furthermore the A320 Family aircraft are equipped with the biggest overhead storage space in their class for more convenient storage of modern roll-aboard luggage.

 

Airbus is an EADS joint company with BAE Systems.

MAS...watch out!

 

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Is that order for the entire group of Air Asia (including Thai Air Asia, Indonesia Air Asia......) or only solely for Malaysia Air Asia ? If it is for the group, any idea how many goes to Malaysia ?

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Im sure that EVENTUALLY Thai AK and Indo AK will get some, but definately only after the Malaysian Air Asia has completely gotten rid of the B733 in its fleet..

 

But 100 AC is alot, even for one of AK's Size... But it does make sense considering they're aiming for China and India Soon, Who knows, we might have a Chinese Air Asia soon... :p

Edited by Ken K. Kour

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China Air Asia, Indo Air Asia, Cambodia Air Asia, Philippines Air Asia.... and the list goes on.... look like they are doing very well and have a big plan ahead

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One can only wonder where they going to put all their ' bas ekspress ' .

 

They're really coming on full force . Truly astounding .

 

puduraya bus station.... :D with all the 733s replaced, LCC-T will soon become SEPANG BUS STATIOn :nea: . I doubt MAB is in the plan for a "proper" LCCT? since this one is planned to transform into cargo building one day later?

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Wow, Good News For AK..

KLIA is certainly going to be full of Busses..

One can only Wonder what is going to Happen to MH..

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The A320-family is really doing very well: look at this new order:

 

July 21, 2006

German low-cost airline Blue Wings ordered 20 Airbus single-aisle aircraft worth USD$1.4 billion at list prices on Friday.

 

The deal, signed in front of reporters at the Farnborough air show, calls for 16 150-seat A320 jets and 4 185-seat A321 planes to be delivered from 2009, the companies said.

 

Dusseldorf-based Blue Wings operates scheduled and charter flights to Turkey and the former Soviet Union.

 

It is 48-percent owned by Swiss-based Alpstream, an affiliate of the Russian National Reserve Corporation.

 

"When we started in 2002, which was after September 11 (2001), you could get equipment but not investment. Today investment is available more easily than equipment," said Blue Wings founder Joern Hellwig, who owns 26 percent of the firm.

 

(Reuters)

 

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This is how some were financed:

 

AirAsia secured a $230 million loan to be used to finance the acquisition of six A320s, according to press reports citing Deputy CEO Kamarudin Meranum. The carrier increased its commitment to the type last month with an order for 40 firm and 30 options. The loan was arranged largely by Kuwait Finance House and adheres to Islamic financing principles. AirAsia will lease the aircraft from the lender for 12 years, at which time it will purchase them.

 

ATW Online 16/08/2006.

 

and as seen by Sabah's main paper.............

 

DAILY EXPRESS NEWS

--------------------------------------------------------------------------------

AirAsia signs US$230m loan facilities from KFHMB

Kuala Lumpur: Kuwait Finance House Malaysia Bhd (KFHMB), a wholly-owned subsidiary of Kuwait Finance House, has entered into an understanding with AirAsia Bhd to provide global treasury solutions, Promissory FX Contract-i, to finance its US$230 million (RM854 million) aircraft purchase.

 

"KFHMB has been mandated, together with RHB Sakura Merchant Bankers Bhd, to lead arrange the financing of six Airbus A320-200s," its deputy chief executive officer, Jamelah Jamaluddin, told reporters after the signing ceremony between KFHMB and AirAsia here Tuesday.

 

Also present at the ceremony was Deputy Finance Minister Datuk Dr Awang Adek Hussin.

 

Jamelah said the financing of each aircraft would be for a tenure of 12 years and the Promissory FX Contract-i was arranged under the principle of Tijarah Muntahiah Bitamilk, a form of Islamic leasing-based financing.

 

KFHMB, the first foreign Islamic Bank here, develops globally-acceptable Syariah products in Malaysia that comply with the requirements of both Malaysia's National Syariah Council and the Syariah Committee of Kuwait Finance House in Kuwait.

 

Jamelah said the Promissory FX Contract-i would enable AirAsia to hedge its foreign exchange rate risk exposure and its Ijarah floating rate commitments.

 

"It is a long-awaited product that offers a hedging mechanism to protect customers against fluctuations in the rates.

 

"Utilising the concept of Wa'ad, the bank enters into a forex contract for delivery on a specific future date as determined by the customer," she said. Jamelah said the introduction of KFH Promissory FX Contract-i was a major step forward in Islamic banking.

 

"For the first time, corporations like AirAsia will have the option to hedge currency exposure using Syariah-compliant solutions," she said.

 

Meanwhile, AirAsia deputy group chief executive officer, Datuk Kamarudin Meranum, said KFHMB's hedging product would enable AirAsia to convert its floating rate commitments into a fixed rate exposure thus negating the possibility of any negative impact due to volatility and uncertainty in rates over the 12-year period.

 

"The product allows customers holding an obligation to pay an Ijarah rental payment benchmarked against a floating rate (such as a spread above London Inter-Bank Offered Rate) to exchange the payment obligation into fixed rate payment," he said.

 

Kamarudin said the six aircraft, which were expected to be delivered by this September, were part of the 33 aircraft AirAsia has confirmed the purchase.-Bernama

 

 

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The Greek Aegean Airlines is adding another 6 A320's to their fleet, ofwhich 3 will be leased from ILFC. In total, Aegean has 14 A320 on order. The new planes will be delivered between January 2007 and April 2009. Aegean also has 9 option for the A320.

 

More for the Greek carrier :pardon: :

 

Aegean Air Orders 6 More Airbus A320

September 6, 2007

Greek carrier Aegean Airlines said on Thursday it placed an order for an additional six A320 aircraft with Airbus, bringing its fleet total to 25.

 

Aegean, which competes with state carrier Olympic Airlines on domestic and international routes, took delivery of the first three jets earlier in the year and expects 10 more to be delivered next year.

 

The airline said the full renewal of its fleet will be completed by 2010. The order for the 25 jets from Airbus exceeds USD$1.5 billion based on the manufacturer's price list, Aegean said.

 

The new aircraft will allow the carrier to expand its international routes and benefit from lower operating costs per seat. After all jets are delivered, Aegean says its fleet will be the youngest in southeast Europe.

 

The A320 jets will be powered by International Aero V2500 engines and will gradually replace 15 Boeing 737-300 aircraft.

 

The carrier went public in late June this year, raising EUR136 million in its initial public offering.

 

(Reuters)

 

The 737's are now maintained by KLM...wonder who'll do the 320's (SN?) :pardon:

 

 

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