Airbus finalised orders for a total of 120 of the former Bombardier CSeries jetliner on Thursday, narrowing a gap in sales against Boeing thanks to the arrival in its portfolio of the smaller jets but leaving it trailing in core orders.
Airbus, which took over the loss-making CSeries in July last year and rebranded it the A220, said it had finalised deals to sell 60 each of the planes to US-based JetBlue and to Moxy, a US start-up backed by JetBlue founder David Neeleman, a total sale worth $11 billion, it was reported.
They are the first formal orders for the 110-130-seat plane since Airbus took majority control of the Montreal-based programme with Bombardier and Quebec as partners.
That realignment sets the stage for a broader confrontation with Boeing, which last month closed a deal to take over 80 per cent of the commercial unit of Bombardier’s competitor Embraer, subject to Brazilian government approval.
For 2018, most attention is on the core sales battle between the transatlantic plane giants, with Boeing so far in the lead.
Airbus ended November with 35 percent of net sales in the main jetliner market against its US rival after 11 months overshadowed by management changes and delivery delays.
Since then it has picked up speed with formal deals for 220 aircraft, including a 100-plane order from Irish lessor Avolon, leaving it 90 short of Boeing's end-November total of 690 jets.
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Read more:
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Airbus pulling out all stops to reach 800-plane delivery target
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On a like-for-like basis, excluding the former CSeries model, Airbus has reached a total of 480 net sales for the year against Boeing's most recent tally of 690, while reaching a market share of 41 per cent, based on reported orders.
Airbus plans to give full-year figures on January 11. Both companies often pull in last-minute deals to lift annual totals, with announcements delayed until early the following year.
Airbus is meanwhile preparing a keenly awaited delivery tally, amid growing doubts over whether it has been able to achieve a 2018 target of 800 deliveries, or 782 without counting any of the Canadian A220 jets, industry sources said.
One said it was "more than likely" Airbus had missed the target by a handful of jets, marking the first time it has done so since it was reshaped through European mergers in 2000.
An Airbus spokesman declined to comment.
Deliveries are closely watched by investors since they mark the point at which most cash and operating profit are generated.
Plane makers worldwide have been struggling with supplier problems in the past 12 months and Airbus has faced some production snags and quality problems, though any shortfall in deliveries is not expected to have a significant profit impact.
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
'Nope'
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Company%20profile
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What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
Fifa%20World%20Cup%20Qatar%202022%20
%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
MATCH INFO
Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.
Man of the match Harry Maguire (Manchester United)
