Airbus cuts A330 orders, claws back Russia deliveries | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 16, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 16, 2025
Airbus cuts A330 orders, claws back Russia deliveries

World+Biz

Reuters
09 April, 2022, 09:50 am
Last modified: 09 April, 2022, 09:57 am

Related News

  • 200-year-old banyan tree felled in Madaripur over 'bid’ah' claims
  • US sanctions targets include former SriLankan Airlines CEO over Airbus deal
  • How new Tata-Airbus factory in Gujarat will boost India's defence capabilities
  • The good old debate: Boeing or Airbus?
  • Taiwan's China Airlines says no political pressure on new aircraft order

Airbus cuts A330 orders, claws back Russia deliveries

Reuters
09 April, 2022, 09:50 am
Last modified: 09 April, 2022, 09:57 am
FILE PHOTO: An Airbus A350-900 aircraft performs a flight pass during the Singapore Airshow in Singapore February 11, 2014. REUTERS/Tim Chong
FILE PHOTO: An Airbus A350-900 aircraft performs a flight pass during the Singapore Airshow in Singapore February 11, 2014. REUTERS/Tim Chong

Airbus lost a fifth of outstanding orders for its A330neo long-haul jet in March as the plane's largest customer went through restructuring, but won sales elsewhere for more than 100 of its smaller jets, monthly data showed on Friday.

AirAsia cancelled 63 of the A330-900 version of the A330neo, an upgrade of the long-established A330 wide-body model, as well as 10 smaller A321neo aircraft, Airbus said.

The European planemaker also said it had delivered 142 planes in the first quarter, up more than 13% on the year.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

But the net number of deliveries stood at 140 after two for Aeroflot were cancelled due to sanctions on Russia.

Airbus had counted the two A350 deliveries for Aeroflot in its end-year tally in December as part of its forecast-beating annual deliveries, but the planes did not fly to Russia. Airbus has also cancelled the associated Aeroflot order, data showed.

"Airbus may seek new owners for these assets," Jefferies analyst Chloe Lemarie said in a note.

Industry sources have said Airbus is trying to sell surplus A350s to Air India including three which it claims to have available as a result of a spat with Qatar Airways. The two sides are involved in a bitter court battle over the fate of A350s following the discovery of surface damage in the fleet.

The widely watched delivery totals confirm a range of 140-142 reported this week by Reuters, quoting sources - a higher number than some analysts had anticipated. 

CLEANING BACKLOG

The announcement came as Chief Executive Officer Guillaume Faury told a German newspaper that Airbus is sticking to its goal of raising benchmark narrow-body production to 65 a month by summer 2023, and reaffirmed financial goals despite the war in Ukraine.

The A330neo is an upgrade of Airbus' most-sold wide-body jet designed to compete with the Boeing 787 at a lower price.

It clocked up hundreds of orders only to face patchy demand as it was left heavily dependent on troubled AirAsia X.

Airbus has been gradually reducing the presence in its books of orders deemed unlikely to come to fruition while shifting attention to booming sales for the narrow-body A321neo.

"It is always a shock to see a large wide-body cancellation but these aircraft have probably not been counted in investors' delivery forecasts for at least the past three years," Agency Partners analyst Sash Tusa said.

"With the focus on strong demand for the A321neo, it is a good opportunity to take a look at the A330neo orders and clean up the backlog."

In legal testimony on Thursday, Airbus minimised the benefits of its hot-selling A321neo compared to Boeing's 737 MAX 10, in contrast with its own marketing pitch, but analysts described the move as a courtroom tactic in its widening legal dispute with Qatar Airways.

After Friday's rejig of orders, Airbus has 200 undelivered A330neos in its order book versus 265 a month ago. These include 28 for Iran under a nuclear deal that collapsed in 2018, though Tehran is in talks with major powers aimed at reviving the deal.

Airbus said on Friday it had sold a total of 253 jets in the first quarter or a net total of 83 after cancellations. Rival Boeing will issue quarterly data next week.

Airbus / Russia deliveries / cut

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • JnU protesters at the Kakrail Mosque intersection continuing their protest for the third day on 16 May. Photo: Sakhawat Prince/TBS
    JnU protesters end strike as govt agree to accept demands
  • Women workers, students, teachers, cultural workers, and people from various walks of life participate in the “Narir Daake Maitree Jatra” programme at Manik Mia Avenue, Dhaka, on Friday, 16 May 2025. Photo: Rajib Dhar/TBS
    'Narir Dake Maitree Jatra' declaration calls for equal rights, social dignity
  • News of The Day, 16 MAY 2025
    News of The Day, 16 MAY 2025

MOST VIEWED

  • Up to 20% dearness allowance for govt employees likely from July
    Up to 20% dearness allowance for govt employees likely from July
  • Infographics: TBS
    Textile sector under pressure; big players buck the trend
  • Representational image. Photo: TBS
    Prime mover workers to go on nationwide strike tomorrow
  • Shift to market-based exchange rate regime – what does it mean for the economy?
    Shift to market-based exchange rate regime – what does it mean for the economy?
  • Rais Uddin, general secretary of the university's teachers' association, made the announcement while talking to the media last night (15 May). Photo: Videograb
    JnU teachers, students to go on mass hunger strike after Friday prayers
  • One Sky Communications Limited leads technology training for Bangladesh Defence Forces
    One Sky Communications Limited leads technology training for Bangladesh Defence Forces

Related News

  • 200-year-old banyan tree felled in Madaripur over 'bid’ah' claims
  • US sanctions targets include former SriLankan Airlines CEO over Airbus deal
  • How new Tata-Airbus factory in Gujarat will boost India's defence capabilities
  • The good old debate: Boeing or Airbus?
  • Taiwan's China Airlines says no political pressure on new aircraft order

Features

Illustration: TBS

Cassettes, cards, and a contactless future: NFC’s expanding role in Bangladesh

4h | Panorama
Photo: Collected

The never-ending hype around China Mart and Thailand Haul

4h | Mode
Hatitjheel’s water has turned black and emits a foul odour, causing significant public distress. Photo: Syed Zakir Hossain

Blackened waters and foul stench: Why can't Rajuk control Hatirjheel pollution?

9h | Panorama
An old-fashioned telescope, also from an old ship, is displayed at a store at Chattogram’s Madam Bibir Hat area. PHOTO: TBS

NO SCRAP LEFT BEHIND: How Bhatiari’s ship graveyard still furnishes homes across Bangladesh

2d | Panorama

More Videos from TBS

India is not raising tariffs, Delhi refutes Trump's claim

India is not raising tariffs, Delhi refutes Trump's claim

44m | TBS World
News of The Day, 16 MAY 2025

News of The Day, 16 MAY 2025

2h | TBS News of the day
More woes for businesses as govt plans almost doubling minimum tax

More woes for businesses as govt plans almost doubling minimum tax

8h | TBS Insight
Can Hamza's Sheffield break a century-long curse to reach the Premier League?

Can Hamza's Sheffield break a century-long curse to reach the Premier League?

9h | TBS SPORTS
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net