Arab Today, arab today doric orders 20 airbus superjumbos
Last Updated : GMT 18:22:38
Arab Today, arab today
Arab Today, arab today

Doric orders 20 Airbus superjumbos

Arab Today, arab today

Arab Today, arab today Doric orders 20 Airbus superjumbos

Le Bourget - AFP

European aircraft maker Airbus made a big breakthrough for its flagship A380 superjumbo airliner on Monday, taking the first order for the plane this year after a setback over cracks in the wings. The provisional order, worth about $8.0 billion (6.0 billion euros) at list prices, came from Doric Asset Finance, a leasing group which will make the A380 giant accessible to many airlines via rental agreements. The deal, important for Airbus in its efforts to boost sales of the aircraft, the giant of the skies, comes just three days after another milestone, the maiden flight of its new long-range A350 aircraft. Airbus head Fabrice Bregier told the Wall Street Journal newspaper on the opening of the Paris Air Show at Le Bourget on Monday that the firm hoped to more than double its operating profit in the next two years. It intended to raise the operating margin from 4.0 percent to 10.0 percent, he said, adding that this target excluded the launch costs of the A350. Last year was a difficult one for the A380 superjumbo because micro cracks were detected where the wings join the fuselage. Airbus is correcting the problem, but the manufacturer had taken no orders for the A380 since the beginning of 2013. Boosting sales of the A380 is of particular importance to Airbus, which said in a statement that with this investment Doric would be able to offer the aircraft on tailor-made terms for airlines. This would facilitate use of the plane by airlines around the world, Airbus said. Doric Asset Finance has provided finance for orders by airlines such as Emirates and Singapore Airlines. Under leasing arrangements, an airline enters into a rental agreement with the leasing company, thereby avoiding having to find the purchase capital from its own resources. Airbus said that Doric was the third-biggest such company in the world, in terms of value, providing leasing arrangements for jumbo aircraft and was the biggest in terms of managing such deals for the A380 superjumbo. Doric currently manages aircraft worth $6.0 billion, including 18 A380 airliners purchased under sale and leaseback agreements, so the latest deal represents a substantial increase for the leasing group. The latest agreement in principle, or outline deal, is expected to be confirmed in a few months.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today doric orders 20 airbus superjumbos Arab Today, arab today doric orders 20 airbus superjumbos

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today doric orders 20 airbus superjumbos Arab Today, arab today doric orders 20 airbus superjumbos

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday