57 F
Fort Worth
Tuesday, December 1, 2020
Technology American Airlines deal boosts Airbus's new long-range jet

American Airlines deal boosts Airbus’s new long-range jet

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before the justices...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad rally Monday, clawing back much of...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors. But Tarrant...

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students home in droves and switched to...

PARIS (AP) — American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and spurring Boeing to push ahead to develop a rival aircraft.

Airbus and Fort Worth-based American Airlines — the world’s largest carrier — announced the deal Wednesday at the Paris Air Show, upgrading a previous order for A321neo jets to the A321XLR. No price tag was put on the contract but it is likely worth billions of dollars.

Airbus launched the A321XLR program on Monday, a long-range version of its popular single-aisle A320 range, and has already signed several customers for the yet-to-be-built plane.

American Airlines is looking to replace its aging fleet of Boeing 757 jets, and the order for the A321XLR heightens pressure on Boeing .

Boeing is studying a new jet dubbed New Midsize Airplane, or NMA, that would be a similar size to the A321XLR. The American Airlines deal with Airbus could give Boeing more incentive to push ahead with the NMA.

Boeing came into the air show under a cloud of uncertainty as its 737 Max has been grounded worldwide for three months after new flight software played a role in two deadly plane crashes. There is no clear date for when the Max might fly again.

The company got a boost on Tuesday, however, when International Airlines Group, the parent company of British Airways and other carriers, signed a letter of intent for 200 Boeing 737 aircraft. The deal is subject to final agreement, but is a vote of confidence in Boeing as it struggles to win back trust from airlines, pilots, regulators and the traveling public.

Airbus has landed a string of orders at the show, including sales of the new A321XLR to Australia’s Qantas, Saudi Arabian Airlines, the Philippines’ Cebu Pacific and Arizona-based low-cost airline investor Indigo Partners.

Boeing announced deals Wednesday with Qatar Airways, China Airlines and Turkmenistan Airlines.

A slowing economy tempered the mood at the air show, one of the aviation industry’s biggest events, but both Airbus and Boeing brought in more orders than expected.

After several years of surging growth, passenger traffic in March grew at the weakest rate in nine years, although April was slightly better. The International Air Transport Association, a global airline trade group, blames a slowing global economy and damage from tariffs and trade fights.

Plane makers are also under growing pressure from regulators and passengers to reduce carbon emissions. They are looking at hybrid, electric or hydrogen technology to eventually replace existing fuel.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Alto partners with Toys for Tots as ‘On Demand’ Santa returns

Alto announces partnership With Toys For Tots, return of on-demand Santa Alto, a Dallas-based rideshare and delivery company, has announced it will partner with national...

Huge Puerto Rico radio telescope, already damaged, collapses

SAN JUAN, Puerto Rico (AP) — A huge, already damaged radio telescope in Puerto Rico that has played a key role in astronomical discoveries...

GM walks away from stake in electric vehicle maker Nikola

NEW YORK (AP) — General Motors will not take an initial stake in the electric vehicle company Nikola, which announced Monday that it would...

DoorDash looking for a valuation of nearly $30B

NEW YORK (AP) — DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery...

FCC Chairman Ajit Pai to leave telecom agency on January 20

Federal Communications Commission Chairman Ajit Pai, a Republican, says he is leaving the telecommunications regulator on Inauguration Day. President-elect Joe Biden will choose a new...