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COMPANY NEWS IN BRIEF

  • 1 Year Ago - 2022-05-24 00:00:00
Airbus upbeat as jet sales rise

Airbus SE’s corporate-jet division is more optimistic about prospects for this year, even as the Russia-Ukraine conflict and Chinese coronavirus lockdowns weigh on sales.

The European plane maker had a slow couple of years for orders for its newest business-jet model during the Covid-19 pandemic, with almost all work travel curtailed. The corporate version of the A220 was launched in 2020, yet got no orders in 2021 after six commitments the previous year.

Sales are now trending upwards with five corporate-jet orders so far in 2022, including four for the A220 variant, and there are opportunities in the Middle East and the US to complete more business, global head of Airbus Corporate Jets Benoit Defforge said in an interview ahead of the EBACE business aviation conference.

“We had to face headwinds during the last 12 to 18 months,” said Lefforge. “We anticipate in the Middle East a real opportunity for the coming years.”

There are more than 60 Airbus corporate jets flying in the Middle East with an average age of over 10 years, meaning the company sees an opportunity to renew an ageing fleet. - Fin24

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Namibian Sun 2024-04-25

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 326.08/OZ UP +0.42% | Copper US$ 4.51/lb UP +1.59% | Zinc US$ 2 860.10/T UP 1.92% | Brent Crude Oil US$ 88.03/BBP UP +0.04% | Platinum US$ 903.48/OZ UP +0.15%


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