EXCLUSIVE-Airbus targets Boeing’s freight fortress with potential A350 cargo jet – sources

HomeStock

EXCLUSIVE-Airbus targets Boeing’s freight fortress with potential A350 cargo jet – sources

By Tim Hepher PARIS, March 12 (


By Tim Hepher

PARIS, March 12 (Reuters)Airbus AIR.PA is canvassing airline assist for a possible freighter model of its A350 passenger jet, focusing on a key stronghold of U.S. rival Boeing as e-commerce lifts demand for transported items, individuals conversant in the matter advised Reuters.

The jet can be the primary freighter spin-off of the most recent era of carbon-fibre jets and assist stabilise output of wide-body jets which were badly hit by the COVID-19 disaster.

However a launch is dependent upon figuring out sufficient consumers keen to take a punt on fickle cargo demand within the midst of the aviation business’s worst downturn, which has trampled airline funds.

“We’re all the time product developments however don’t touch upon particular programmes,” an Airbus spokesman mentioned.

Air freight demand, which was weak earlier than the COVID-19 disaster, has soared as home-bound buyers flip to e-commerce, however analysts warn it’s unstable and susceptible to prolonged downturns.

Usually about half the world’s air cargo is carried within the bellies of passenger jets, however successful to journey from the pandemic has left the world extra reliant on devoted freighters and conversions of passenger planes.

Though it has vaulted previous Boeing BA.N because the world’s largest producer of passenger jets, Airbus has had restricted success in penetrating the freighter fortress of its arch-rival.

It pulled the plug on a freighter model of its A380 superjumbo nearly 15 years in the past and has had no freighters in its order pipeline since December, when Turkey’s MNG Airways cancelled three A330 freighter.

Boeing has delivered 202 of the rival 777 freighter, in contrast with 38 of the A330 cargo model. Dominating the commerce lanes is Boeing’s 747 freighter with greater than 260 delivered.

‘BRIGHT SPOT’

It’s not the primary time a doable new freighter has been mooted. The newest design on the drafting board at Airbus’s Toulouse headquarters in France entails a barely longer plane than the best-selling Airbus A350-900 jetliner.

Its growth poses technical challenges since it might contain putting a cargo door within the composite shell chosen by Airbus to compete with Boeing’s light-weight composite 787.

Specialists say chopping composite is tougher than conventional aluminium, although Airbus might reap advantages from a call – seen as pricey on the time – to construct the A350 from composite panels relatively than barrel sections used on the 787.

Business sources estimate Airbus would want commitments for some 50 plane to go forward with a launch, with Chief Government Guillaume Faury specializing in finishing up a significant restructuring whereas directing sources in the direction of an A321XLR passenger airplane.

A growth would value an estimated $2-Three billion.

Temptingly, the booming freight market gives respite from a hunch in demand for giant jets that has compelled Airbus and Boeing to slash manufacturing, with A350 output halving to 5 a month.

Greater than a 3rd of wide-body jets offered by Boeing previously 12 months have been freighters.

However the identical disaster that crippled passenger journey has additionally created a glut of unused passenger planes that may be transformed extra cheaply into freighters than shopping for new. Meaning the enterprise case for creating a brand new plane have to be watertight.

“Given the A350 manufacturing fee has been minimize … and the cargo market is the one shiny spot within the wide-body market, one must say the probability of an A350F has elevated in comparison with a 12 months in the past,” mentioned Richard Evans, senior marketing consultant at UK-based Ascend by Cirium.

Whereas not imminent, a launch might jog Boeing into reacting with a freighter model of its bigger 777X, he added, although Boeing should additionally grapple with delays in its certification.

(Reporting by Tim Hepher. Enhancing by Mark Potter)

(([email protected]; +33 1 49 49 54 52; Reuters Messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.



www.nasdaq.com