February 15, 2013 |
After ongoing lithium-ion battery problems grounded the worldwide fleet of Boeing Co.'s 787 Dreamliners, European rival Airbus has scrapped plans to use the technology on its new jet. The A350 XWB wide-body passenger jets will instead use “the proven and mastered” nickel cadmium main batteries, the company said Friday. “Airbus considers this to be the most appropriate way forward in the interest of program execution and A350 XWB reliability,” the company said. The A350 XWB, set to enter service in 2014, seats 270 to 350 passengers in typical three-class layouts.
February 5, 2013 |
Air Lease Corp., the Century City aircraft-leasing firm, has placed a $9-billion order for Airbus jetliners. The deal, based on aircraft list price, includes an order for 25 A350 XWB wide-body passenger jets, which compete with Boeing Co.'s grounded 787 Dreamliner. Air Lease also ordered 14 smaller A321neos. Airbus announced the deal Monday. "The A350 XWB family is becoming the industry benchmark for efficiency in the long haul segment, and the A320neo family is ideal for airlines operating short-to-medium-haul missions," Air Lease Corp.
February 4, 2013 |
Air Lease Corp., the Century City aircraft-leasing firm, has placed an order for $9-billion worth of jetliners with Airbus. The deal, based on aircraft list price, includes an order for 25 A350 XWBs, which is a competitor to Boeing Co.'s grounded 787 Dreamliner. Air Lease also firmed up an order to buy 14 A321neos. Airbus announced the deal Monday. "The A350 XWB Family is becoming the industry benchmark for efficiency in the long haul segment, and the A320neo Family is ideal for airlines operating short to medium haul missions,” Air Lease Corp.
September 12, 2012 |
Two European defense giants said they were in merger talks to create the world's largest aerospace company. At a time when defense spending is falling worldwide, Airbus parent company European Aeronautic Defence & Space Co. and BAE Systems said a deal makes financial sense because of their synergy and collaboration on a wide range of projects. Together, British-owned BAE and EADS, owned in part by the French, German and Spanish governments, would have annual sales totaling more than $94 billion, dwarfing current industry leader Boeing Co.'s $68.7 billion.
August 22, 2012 |
United Airlines plans to install slimmer seats next year on some of its planes, enabling the airline to squeeze in more passengers. The Chicago-based airline said it would add the seats manufactured by German company Recaro Aircraft Seating to its fleet of 152 narrow-body Airbus planes. The padding on the Recaro seats is thin enough that United can add a row of seats on each plane without reducing legroom, the airline said. The use of an aluminum frame also makes the seat lighter, according to the manufacturer.
July 3, 2012 |
With a blast of red, white and blue confetti, officials from European aircraft maker Airbus announced plans to build a sprawling plane-making facility in Mobile, Ala. Work on the company's first U.S. manufacturing plant will begin next year at a total cost of $600 million, Airbus said Monday. Once built, the 53-acre site will house assembly on the company's single-aisle A320 commercial jetliner. Airbus hopes to secure more contracts with U.S. carriers, which constitute the largest market for single-aisle planes in the world.
July 2, 2012 |
European aircraft maker Airbus announced it will establish a manufacturing facility in Mobile, Ala. -- its first in the U.S. The company said Monday that it plans to manufacture the A320 aircraft at the new facility, which will begin to be built by next year. Deliveries will begin in 2016, but Airbus expects the facility will produce between 40 and 50 aircraft a year by 2018. The single-aisle A320 is a direct competitor with Chicago-based Boeing Co.'s 737, the world's most popular commercial jet. “The time is right for Airbus to expand in America,” Chief Executive Fabrice Bregier said in the statement.
January 17, 2012 |
European aircraft maker Airbus captured a record number of orders for new commercial jets last year, taking in 1,419 orders worth $140 billion. Airbus soared past Chicago-based rival Boeing Co.'s total of 805 aircraft in 2011 and its previous record of 1,413 net orders in 2007. The big seller for Airbus with 1,226 bookings was the upcoming A320neo, which is a new fuel-sipping version of its bestselling jet -- the A320. Airbus plans on delivering the first one in 2015. In 2011, Airbus said it delivered a total of 534 aircraft.
October 17, 2011 |
Although spending on business travel has surged this year, anxiety over an uncertain economic climate is expected to slow travel spending growth next year. That is the forecast from the Global Business Travel Assn., a Virginia-based trade group for business travel professionals. The group estimates that spending on business travel in the U.S. will rise 6.9% this year over 2010, hitting $250.2 billion. But the trade group predicts that a tentative economy next year will slow the trend, leading to growth of 4.3%, or $260.9 billion in spending.
October 10, 2011 |
If you want to save a few bucks on your next hotel bill, stay clear of New York and San Francisco and instead consider Virginia Beach, Va. The latest statistics on hotel rates show that the Big Apple still charges the highest rates among the nation's most popular destinations, with average rates for a double-occupancy room at $446 per night. Also atop the list of high-priced cities are San Francisco ($247), Miami ($232), Boston ($214), Washington, D.C., ($203) and Los Angeles ($185)