Aerospace and Defense
Company Overview of Airbus S.A.S.
Company Overview
1, Rond Point Maurice Bellonte
Blagnac Cedex
Toulouse, 31707
France
Founded in 1970
Key Executives for Airbus S.A.S.
Airbus S.A.S. Key Developments
SriLankan Airlines will acquire six Airbus A350-900 and seven A330-300 aircraft to upgrade its product and cut costs starting from October 2014. SriLankan will acquire 10 aircraft from Airbus through a mix of operating and finance leases in a deal which has a 'present value' of USD 1.2 billion and another three from an aircraft leasing firm. Cabinet approval has been given to sign a memorandum of understanding with Airbus for 10 purchase options and the first aircraft is expected to arrive starting from October 2014. The aircraft are to be delivered over 7 years. In the first phase six Airbus A340 aircraft which are up to 18 to 16 years old will be replaced by A330-300 aircraft. Seven A330-200 aircraft which are around 13 to 16 years old will be replaced starting from 2017 with A350-900 aircraft. Three will come from an aviation leasing firm as there were no manufacturing slots available at Airbus in that period. The balance four A350s will be acquired from Airbus Industries starting from 2019.
International Consolidated Airlines Group, S.A. is ordering Airbus A350 aircraft for the group's longhaul fleet. For British Airways, there are 18 A350-1000 firm orders, plus 18 options. These are in addition to 18 Boeing 787 options which IAG announced previously that it plans to convert into firm orders. The A350 and Boeing 787 firm orders will be used to replace 30 Boeing 747-400 aircraft between 2017 and 2023 while the options can be used to replace aircraft or provide opportunities for growth. For Iberia, IAG has also reached agreement with Airbus as well as Boeing to secure commercial terms and delivery slots that could lead to firm orders for A350s and/or Boeing 787s. Firm orders will only be made when Iberia is in a position to grow profitably, having restructured and reduced its cost base. The A350 will be powered by Rolls-Royce Trent XWB engines. The order includes a comprehensive maintenance package with total care agreement.
Airbus S.A.S. broke ground on its first US assembly plant in Mobile, Alabama, hoping it will help carve a greater share in the US market for the European aircraft maker. The company expects to assemble its A319, A320 and A321 models in Mobile, with the first to be delivered in 2016.
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