- Mar 29, 2004
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US Airways wants delay penalties as part of Airbus A350XWB contract - report
05/08/2007 09:34 London Time | story 0625
PARIS (Thomson Financial) - US Airways has asked EADS unit Airbus to include delay penalties as part of the terms for a renegotiated order for the A350XWB long-haul plane, the Wall Street Journal Europe (WJSE) reported.
The newspaper, citing people familiar with the matter, said that US Airways has been talking to both Airbus and rival Boeing Co. but is leaning towards sticking with its initial decision to opt for A350XWB planes.
However, in view of delays to the A350XWB -- now due to come into service in 2013 versus 2008 for Boeing''s rival 777 plane -- US Airways is seeking a clause to impose penalties on Airbus for any further delays to delivery, according to the WSJE.
The busines daily quoted Airbus chief operating officer John Leahy as saying "US Airways would of course have penalty payments" if the plane is late or does not perform as expected.
The newspaper claimed that Airbus has offered US Airways favourable pricing terms for the A350XWB while also agreeing to reneogtiate terms for an existing order for the A320 range.
Other potential customers for the A350XWB are waiting to have most details on the planned aircraft before placing orders, the WJSE said.
The newspaper quoted John Plueger of plane leasing company International Lease Finance Corp., part of American International Group, as saying he wants to see the final definition of the A350XWB before making a decision.
The WSJE cited Gordon McConnell, chief engineer of the A350XWB, as saying that the general configuration of the plane''s size and shape will be fixed in October 2008, prior to detailed drawings being developed.
Potential A350XWB customers are also waiting to see the outcome of talks between Airbus and General Electric, the newspaper added.
GE is reluctant to supply engines for the larger version of the A350XWB, which competes more directly with Boeing''s 777, supplied exclusively with GE engines.
A GE spokesman told the WJSE the company hopes to settle the issue before the Paris airshow in June.
http://www.airbus.com/store/photolibrary/A...SAirways_mr.jpg
05/08/2007 09:34 London Time | story 0625
PARIS (Thomson Financial) - US Airways has asked EADS unit Airbus to include delay penalties as part of the terms for a renegotiated order for the A350XWB long-haul plane, the Wall Street Journal Europe (WJSE) reported.
The newspaper, citing people familiar with the matter, said that US Airways has been talking to both Airbus and rival Boeing Co. but is leaning towards sticking with its initial decision to opt for A350XWB planes.
However, in view of delays to the A350XWB -- now due to come into service in 2013 versus 2008 for Boeing''s rival 777 plane -- US Airways is seeking a clause to impose penalties on Airbus for any further delays to delivery, according to the WSJE.
The busines daily quoted Airbus chief operating officer John Leahy as saying "US Airways would of course have penalty payments" if the plane is late or does not perform as expected.
The newspaper claimed that Airbus has offered US Airways favourable pricing terms for the A350XWB while also agreeing to reneogtiate terms for an existing order for the A320 range.
Other potential customers for the A350XWB are waiting to have most details on the planned aircraft before placing orders, the WJSE said.
The newspaper quoted John Plueger of plane leasing company International Lease Finance Corp., part of American International Group, as saying he wants to see the final definition of the A350XWB before making a decision.
The WSJE cited Gordon McConnell, chief engineer of the A350XWB, as saying that the general configuration of the plane''s size and shape will be fixed in October 2008, prior to detailed drawings being developed.
Potential A350XWB customers are also waiting to see the outcome of talks between Airbus and General Electric, the newspaper added.
GE is reluctant to supply engines for the larger version of the A350XWB, which competes more directly with Boeing''s 777, supplied exclusively with GE engines.
A GE spokesman told the WJSE the company hopes to settle the issue before the Paris airshow in June.
http://www.airbus.com/store/photolibrary/A...SAirways_mr.jpg
