Saudia Airlines sees no delays to Airbus jet deliveries
By Rachel More
HAMBURG, Germany, July 16 (Reuters) -Saudia Airlines is confident that recently ordered Airbus AIR.PA jets will be delivered on schedule despite recent production delays, a senior airline executive said on Tuesday.
State-owned parent Saudi Group ordered 105 narrow-body Airbus planes in May to be split between Saudia Airlines and its low-cost sister carrier flydeal.
Saudia is due to receive the first aircraft in 2026, with deliveries stretching until 2031, said Saleh Eid, vice-president of fleet management and agreements at Saudia Airlines.
"We are very comfortable with these delivery times," he told Reuters, noting that the airline was still taking delivery of Airbus planes under a previous order.
"We believe that the delivery dates we have got are safe," he said at an event to mark the recent plane order at an Airbus factory in Hamburg.
Airline industry executives have said in recent months they are being notified of further delays amid disruption to supply chains. A decision by Airbus to slow its production ramp-up and cut delivery goals has trimmed expectations for 2024 and beyond.
Eid stressed that airlines depend on aircraft arriving on time to fulfil their network plans.
Delayed deliveries have led to significant compensation and concessions for airlines including freezes in the contractual charges that adjust for inflation, industry sources say.
Eid declined to comment on ongoing talks over a possible follow-up purchase of wide-body jets.
A Saudia Group executive said last month it is in talks with Airbus and Boeing BA.N to increase wide-body capacity as planemakers face constraints in production of smaller jets.
Flyadeal CEO Steven Greenway told Reuters in June it is studying a possible order for between 10 and 20 wide-body jets.
Saudi Arabia is investing billions of dollars to diversify its economy from fossil fuel. Aviation plans include new airlines and potentially a huge international airport as it takes on regional rival and Gulf travel hub, the UAE.
However, some analysts have questioned how the multi-year expansion will be funded. The International Monetary Fund on Tuesday revised downwards Saudi Arabia's economic growth by nearly one percentage point, mainly due to oil production cuts.
Even so, Airbus data issued this week pointed to continued rises in air travel.
"In regions like the Middle East or Asia or Latin America, there is a big growth ongoing. And of course the deal ... with Saudi Arabia is a good example of this," Wouter van Wersch, Airbus Executive Vice President, International, told Reuters.
Saudia already operates narrow-body Airbus aircraft but the order for 105 planes was seen as a significant win in Saudi Arabia, where Boeing has a major presence.
Boeing last year won a major combined order for wide-body 787s from Saudia and a new national carrier, Riyadh Air.
"Our ambition is to be part of the system, to continue to grow together with the country," van Wersch said.
Reporting by Rachel More; Writing by Tim Hepher; Editing by Steohen Coates
Ativos relacionados
Últimas notícias
Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.
Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.
Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.
