Airbus has delivered the first *FANS-C-equipped A320 aircraft to easyJet. In the framework of Europe’s SESAR Air Traffic Management (ATM) research programme, this aircraft – and others to follow – will take part in the Airbus-led project “Demonstration of air traffic management improvements generated by 4D Initial Trajectory Information Sharing” (DIGITS), which will demonstrate the sharing of an aircraft’s predicted trajectory data with air traffic control (ATC).
FANS-C technology will enable airlines to optimise their aircraft’s trajectories and make traffic flows more fluid and aircraft speed easier to manage, which will help them to save fuel and reduce noise. In particular, the sharing of predicted trajectories with ATC controllers will enable smooth aircraft sequencing on approach and in the “Terminal Maneuvering Area.”
Hugh McConnellogue, Group Head of Network Operations at easyJet said: “We are very pleased to be the first airline to receive this new FANS-C technology in our Airbus aircraft – and to try it for real in the SESAR demonstration. Our early hands-on experience already indicates that it promises to be an important enabler to increase the efficiency, safety and on-time performance of our expanding operations – especially in the congested European airspace.”
Jean-Brice Dumont, Executive Vice President of Engineering, Airbus Commercial Aircraft said: “We congratulate easyJet on the delivery of the first FANS-C equipped Airbus aircraft, which marks the start of this very large demonstration of 4D initial trajectory sharing across Europe.” He adds: “We are proud to lead this SESAR project and to play our part in helping ATM respond to the increase in air traffic volume while enhancing safety, and to bring about a positive environmental impact thanks to a more efficient ATM system.”
From now until mid-2020, seven European airlines, which are all taking part in DIGITS, will progressively equip up to 100 of their A320 Family aircraft with the FANS-C technology. The “Very Large Demonstration” (VLD) will last more than a year and collect data from over 20,000 revenue flights, allowing stakeholders to demonstrate benefits of this technology during live day-to-day operations.
Paving the way for start of the DIGITS operational phase and to ultimately deploy this technology across Europe and the rest of the world, Airbus achieved the world’s first certification of FANS-C 4D avionics on a commercial aircraft in November 2018 – the initial aircraft type being the A320 Family. Moreover, to complement the airborne FANS-C technology, air navigation service providers (ANSPs) throughout Europe will develop the respective ground ATC tools.
SESAR = Single European Sky ATM Research
Note for editors:
FANS-C is facilitated with two key components: “Automatic Dependent Surveillance Contract” (ADS-C) and “Controller-Pilot Data Link Communication” (CPDLC). ADS-C enables the automatic or on-demand transmission to air traffic control of the aircraft’s complete predicted four-dimensional aircraft trajectory (3D + time), while CPDLC facilitates the digital uplink of ATC orders and clearances. The benefits of FANS-C include: more accurate flight plans, more optimised trajectory computation and acceptance processes, better alignment of airlines’ and ATM planned trajectories, enhancement of aircraft traffic predictions and improvement of demand/capacity network calculations. The seven airlines taking part in the DIGITS programme comprise: Air France, British Airways, easyJet, Iberia, Novair, Thomas Cook and Wizz Air.
For FANS-C capability on-board an A320 Family aircraft, the equipment required includes a new data link router (ATSU), an upgraded Flight Management System (FMS) and “DCDU” data link compatible cockpit displays. FANS-C will be first available on the A320 Family and subsequently on all other Airbus programmes.
@easyJet @SESAR_JU #WorldATM
Source : Airbus WEBSITE
In order to meet the high market demand for cadet pilot training in Europe – 94,000 new pilots over the next 20 years* – Airbus has decided to open its own flight academy and extend its training services offering by adding “ab-initio” to its portfolio.
Leveraging cross-divisional synergies, the Airbus Flight Academy Europe, based in Angoulême, France, will use Airbus standardised instructors to deliver the ab-initio Pilot Cadet Training programme approved by EASA at the end of 2018, complementing the intermediate and advanced training phases that are already available and provided in the existing training network on 17 sites worldwide.
The Airbus Flight Academy Europe aims to train up to 200 pilot cadets annually. Using a modern fleet of both single- and multi-engine aircraft equipped with full digital cockpit technology as well as the latest flight simulators, the training programme will equip students with the skills and mindset required to become “operationally-ready pilots” focusing on the all-important development of key pilot technical and behavioural competencies.
The Airbus Pilot Cadet Training Programme is open to high school graduates over 18 years old worldwide. Candidates will undergo online and on-site screening tests before being eligible for training which will include 750 hours of ground school, plus 200 hours of flight training.
Airbus Flight Academy Europe, formerly known as Cassidian Aviation Training Services (CATS), is a wholly owned subsidiary of Airbus.
*Airbus Global Market Forecast 2018-2037
#AirbusTraining #AirbusCadet #Airbusabinitio
Source : Airbus WEBSITE
Airbus has inaugurated a world class training centre for commercial pilots and maintenance engineers in the National Capital Region of Delhi, as part of its continuing efforts to support the exponential growth of the civil aviation sector in the country.
Airbus forecast a need for more than 25,000 new pilots in India over the next 20 years to keep pace with the current double-digit growth in its commercial aviation industry.
The training centre incorporates an A320 flight simulator for full-flight simulation, along with programmes on aircraft procedure training, computer-based classroom training, and standard pilot transition training, including an ‘Upgrade to Command’ course aimed at improving skills and maturity of co-pilots as they transition to commandership. The facility will complement Airbus India’s training centre in Bengaluru which has trained more than 4,500 maintenance engineers since its inception in 2007.
“Providing a robust training infrastructure to support our customers’ businesses is a priority for us. One pillar of our customer services mission is proximity to the customer, and another one is safety. In that respect, having a training centre located in the country is proof of our commitment towards both,” said Anand E. Stanley, President and Managing Director, Airbus India & South Asia.
Globally, Airbus has a comprehensive and highly customised training programme, aimed at pilots, maintenance crew and engineers. Its training facility in India is another testament to the company’s focus on making the most advanced training technologies accessible to the subcontinent while creating highly skilled workforce in line with the government’s ‘Skill India’ initiative.
“The new training centre in India is part of our worldwide development plan to address the growing demand for pilots. Over 500,000 new pilots will be required worldwide over the next 20 years. Our increasing footprint also aims at providing service closer to airline customers.” Michael Chemouny, Head of Training Services, Airbus Commercial Aircraft.
Source : Airbus WEBSITE
Strong 2018 performance, guidance delivered
Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion
EBIT (reported) € 5.0 billion; EPS (reported) € 3.94
A380 deliveries to cease in 2021
A400M programme re-baselining negotiated
2018 dividend proposal € 1.65 per share, up 10% from 2017
2019 guidance confirms growth trajectory
Airbus SE (stock exchange symbol: AIR) reported strong Full-Year (FY) 2018 consolidated financial results and delivered on its guidance for all key performance indicators.
“Though 2018 had plenty of challenges for us, we delivered on our commitments with record profitability thanks to a strong operational performance, particularly in Q4,” said Airbus Chief Executive Officer Tom Enders. “With an order backlog of around 7,600 aircraft, we intend to ramp-up aircraft production even further. However, due to the lack of airline demand we have to wind down production of the A380. This is largely reflected in the 2018 numbers. On A400M, we succeeded in re-baselining the programme with our government customers and their domestic approval processes should conclude in the coming months. All in all, we have achieved significant de-risking of the A400M in 2018. The strength of last year’s achievements is reflected in our record dividend proposal. In sum, Airbus stands on a solid growth trajectory and our helicopter, defence and space businesses are also in good shape as the new management team under my successor Guillaume Faury gets ready to take over.”
As of 1 July 2018, the A220 aircraft programme has been consolidated into Airbus.
Net commercial aircraft orders totalled 747 (2017: 1,109 aircraft), including 40 A350 XWBs, 27 A330s and 135 A220s. Showing the underlying health of the market, the order backlog reached an industry record of 7,577 commercial aircraft at year-end, including 480 A220s.(4) Net helicopter orders increased to 381 units (2017: 335 units) with a book-to-bill ratio above 1 in terms of both value and units. Order intake included 15 H160 and 29 NH90 helicopters. Airbus Defence and Space’s 2018 order intake of around € 8.4 billion included the Eurofighter for Qatar, four A330 MRTT tanker aircraft and two new generation telecommunication satellites.
Consolidated order intake(4) in 2018 totalled € 55.5 billion with the consolidated order book(4) valued at € 460 billion on 31 December 2018 under IFRS 15.
Consolidated revenues increased to € 63.7 billion (2017: € 59.0 billion(1)), mainly reflecting the record commercial aircraft deliveries. At Airbus, a total of 800 commercial aircraft were delivered (2017: 718 aircraft), comprising 20 A220s, 626 A320 Family, 49 A330s, 93 A350s and 12 A380s. Airbus Helicopters delivered 356 units (2017: 409 units) with revenues stable year-on-year on a comparable basis despite the lower deliveries. Higher revenues at Airbus Defence and Space were supported by its Space Systems and Military Aircraft activities.
Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructurings or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – totalled
€ 5,834 million (2017: € 3,190 million(1)), reflecting the strong operational performance and programme execution across the Company.
Airbus’ EBIT Adjusted increased to € 4,808 million (2017: € 2,383 million(1)) reflecting the higher aircraft deliveries. The strong improvement compared to 2017 is driven by progress on the learning curve and pricing for the A350 as well as the A320neo ramp-up and pricing premium. Currency hedging rates also contributed favourably.
On the A220 programme, the focus remains on commercial momentum, the production ramp-up and cost reduction. A320neo Family deliveries increased to 386 aircraft (2017: 181 aircraft) and represented over 60% of overall A320 Family deliveries during 2018. The first long-range A321LR was delivered in the fourth quarter. Deliveries of the Airbus Cabin Flex version of the A321 are expected to increase in 2019 although the ramp-up will remain challenging. Further upgrades of the Pratt & Whitney GTF engine for the A320neo are due to arrive in 2019. Airbus continues to monitor in-service engine performance. Overall, the A320 programme is on track to reach the monthly targeted production rate of 60 aircraft by mid-2019 with rate 63 targeted in 2021. On the A330neo programme, the first A330-900s were delivered and the smaller A330-800 conducted its maiden flight in the final quarter of 2018. In 2019, A330neo deliveries are due to ramp-up. Airbus is working closely with its A330neo engine partner to deliver on customer commitments.
Following a review of its operations, Emirates is reducing its A380 orderbook by 39 aircraft with 14 A380s remaining in the backlog yet to be delivered to Emirates. As a consequence of this decision and given the lack of order backlog with other airlines, deliveries of the A380 will cease in 2021. The recognition of the onerous contract provision as well as other specific provisions and the remeasurement of the liabilities have led to a negative impact on EBIT of € -463 million and a positive impact on the other financial result of € 177 million.
A350 deliveries increased compared to 2017 and included 14 of the larger A350-1000s. The programme reached rate 10 in the fourth quarter of 2018. The backlog supports this rate going forward, including the latest commercial discussions with Etihad to reduce its A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog. Airbus will continue to improve the A350 programme’s performance to reach breakeven in 2019 and improve margins beyond this.
Airbus Helicopters’ EBIT Adjusted increased to € 380 million (2017: € 247 million(1)), reflecting higher Super Puma Family deliveries, a favourable mix and solid underlying programme execution.
Airbus Defence and Space’s EBIT Adjusted totalled € 935 million (2017: € 815 million(1)), mainly reflecting solid programme execution.
On the A400M programme, 17 aircraft were delivered during the year (2017: 19 aircraft). Airbus continued with development activities toward achieving the revised capability roadmap. Retrofit activities are progressing in line with the customer agreed plan. The customer Nations are now set to pursue their domestic approval processes. An update of the contract estimate at completion triggered a net additional charge of € -436 million on the programme. This mainly reflects the outcome of the negotiations and updated estimates on the export scenario, escalation and some cost increases. Risks remain on the development of technical capabilities and the associated costs, on securing sufficient export orders in time, on aircraft operational reliability in particular with regards to engines, and on cost reductions as per the revised baseline.
Consolidated self-financed R&D expenses totalled € 3,217 million (2017: € 2,807 million).
Consolidated EBIT (reported) amounted to € 5,048 million (2017: € 2,665 million(1)), including Adjustments totalling a net € -786 million. These Adjustments comprised:
Consolidated net income(2) of € 3,054 million (2017: € 2,361 million(1)) and earnings per share of € 3.94 (2017: € 3.05(1)) included a negative impact from the financial result, mainly driven by the evolution of the US dollar and revaluation of financial instruments. The other financial result also included the positive adjustment of € 177 million from the A380. The finance result was € -763 million (2017: € +1,161 million(1)).
Consolidated free cash flow before M&A and customer financing was stable at € 2,912 million (2017: € 2,949 million) including the A220 dilution, supported by the earnings performance and record deliveries. Consolidated free cash flow of € 3,505 million (2017: € 3,735 million) included around € 0.5 billion related to M&A activities. The consolidated net cash position on 31 December 2018 was stable at € 13.3 billion (year-end 2017: € 13.4 billion) after the 2017 dividend payment of € 1.2 billion and pension funding of € 2.5 billion, including € 1.3 billion in the fourth quarter. The gross cash position was € 22.2 billion (year-end 2017: € 24.6 billion).
The Board of Directors will propose to the Annual General Meeting the payment of a 2018 dividend of € 1.65 per share on 17 April 2019 (2017: € 1.50 per share). This reflects the strength of the 2018 achievements. The date of record is 16 April 2019.
As the basis for its 2019 guidance, the Company expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions.
The 2019 earnings and Free Cash Flow guidance is before M&A.
Note to editors: Live Webcast of the Analyst Conference Call and Annual Press Conference
At 07:45 CET today, you can listen to the Full-Year 2018 Results Analyst Conference Call with Chief Executive Officer Tom Enders, Chief Financial Officer Harald Wilhelm and President Airbus Commercial Aircraft Guillaume Faury via www.airbus.com. The analyst call presentation can also be found on the company website. A recording will be made available in due course. For a reconciliation of Airbus’ KPIs to “reported IFRS” please refer to the analyst presentation.
The Annual Press Conference on the 2018 Results starts at 09:45 a.m. CET and is also webcast live at www.airbus.com.
Airbus Consolidated – Full-Year (FY) Results 2018
(Amounts in Euro)
|Airbus Consolidated||FY 2018||FY 2017||Change|
|Revenues, in millions||63,707||59,022(1)||+8%|
|thereof defence, in millions||9,903||9,815(1)||+1%|
|EBIT Adjusted, in millions||5,834||3,190(1)||+83%|
|EBIT (reported), in millions||5,048||2,665(1)||+89%|
|Research & Development expenses,
|Net Income(2), in millions||3,054||2,361(1)||+29%|
|Earnings Per Share (EPS)||3.94||3.05(1)||+29%|
|Free Cash Flow (FCF), in millions||3,505||3,735||–|
|Free Cash Flow
before M&A, in millions
|Free Cash Flow before M&A
and Customer Financing, in millions
|Dividend per share(3)||1.65||1.50||+10%|
|Airbus Consolidated||31 Dec
|Order Book(4), in millions
thereof defence, in millions
|459,525 39,312||N/A N/A||N/A
|Net Cash position, in millions||13,281||13,391||-1%|
For footnotes please refer to page 11.
|By Business Segment||Revenues||EBIT (reported)|
|(Amounts in millions of Euro)||FY
|Airbus Defence and Space||11,063||10,596||+4%||676||462||+46%|
|Transversal & Eliminations||-1,260||-1,395||–||-289||-301||–|
|By Business Segment||EBIT Adjusted|
|(Amounts in millions of Euro)||FY
|Airbus Defence and Space||935||815||+15%|
|Transversal & Eliminations||-289||-255||–|
|By Business Segment||Order Intake (net)||Order Book|
|Airbus, in units||747||1,109||-33%||7,577||7,265||+4%|
|Airbus, in millions of Euro||41,519||N/A||N/A||411,659||N/A||N/A|
|Airbus Helicopters, in units||381||335||+14%||717||692||+4%|
|Airbus Helicopters, in millions of Euro||6,339||N/A||N/A||14,943||N/A||N/A|
|Airbus Defence and Space, in millions of Euro||8,441||N/A||N/A||35,316||N/A||N/A|
Airbus Consolidated – Fourth Quarter (Q4) Results 2018
(Amounts in Euro)
|Airbus Consolidated||Q4 2018||Q4 2017(1)||Change|
|Revenues, in millions||23,286||21,015||+11%|
|EBIT Adjusted, in millions||3,096||1,982||+56%|
|EBIT (reported), in millions||2,365||992||+138%|
|Net Income(2), in millions||1,601||963||+66%|
|Earnings Per Share (EPS)||2.06||1.24||+66%|
|By Business Segment||Revenues||EBIT (reported)|
|(Amounts in millions of Euro)||Q4
|Airbus Defence and Space||4,012||3,544||+13%||197||-427||–|
|Transversal & Eliminations||-397||-574||–||-76||-145||–|
|By Business Segment||EBIT Adjusted|
|(Amounts in millions of Euro)||Q4
|Airbus Defence and Space||526||418||+26%|
|Transversal & Eliminations||-76||-99||–|
Q4 2018 revenues increased by 11%, mainly driven by higher commercial aircraft deliveries and higher revenues at Airbus Defence and Space.
Q4 2018 EBIT Adjusted increased by 56%, mainly driven by progress on the A350 XWB programme, A320 ramp-up, and favourable foreign exchange.
Q4 2018 EBIT (reported) increased by 138% to € 2,365 million. It reflected net negative Adjustments of € -731 million booked in the quarter. Net Adjustments in the fourth quarter of 2017 amounted to a net € -990 million.
Q4 2018 Net Income increased 66% mainly driven by the higher EBIT. It was lowered by the finance result of € -350 million from the evolution of the US dollar and revaluation of financial instruments. In Q4 2017, the finance result was positive at € 1,060 million.
EBIT (reported) / EBIT Adjusted Reconciliation
The table below reconciles EBIT (reported) with EBIT Adjusted.
|Airbus Consolidated||FY 2018|
|EBIT (reported), in millions of Euro||5,048|
|A380, in millions of Euro||-463|
|A400M provision, in millions of Euro||-436|
|Compliance costs, in millions of Euro||-123|
|Mergers and acquisitions, in millions of Euro||+188|
|$ PDP mismatch/Balance Sheet revaluation, in millions of Euro||+129|
|Others, in millions of Euro||-81|
|EBIT Adjusted, in millions of Euro||5,834|
|EBIT||The Company continues to use the term EBIT (Earnings before interest and taxes). It is identical to Profit before finance result and income taxes as defined by IFRS Rules.|
|Adjustment||Adjustment, an alternative performance measure,is a term used by the Company which includes material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.|
|EBIT Adjusted||The Company uses an alternative performance measure, EBIT Adjusted, as a key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructurings or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses.|
|EPS Adjusted||EPS Adjusted is an alternative performance measure of basic earnings per share as reported whereby the net income as the numerator does include Adjustments. For reconciliation, see slide 20 of the Analyst presentation.|
|Gross cash position||The Company defines its consolidated gross cash position as the sum of (i) cash and cash equivalents and (ii) securities (as all recorded in the consolidated statement of financial position).|
|Net cash position||For definition of the alternative performance measure net cash position, see Registration Document, MD&A section 2.1.3.|
|FCF||For the definition of the alternative performance measure free cash flow, see Registration Document, MD&A section 2.1.3. It is a key indicator which allows the Company to measure the amount of cash flow generated from operations after cash used in investing activities.|
|FCF before M&A||Free cash flow before mergers and acquisitions refers to free cash flow as defined in the Registration Document, MD&A section 22.214.171.124. adjusted for net proceeds from disposals and acquisitions. It is an alternative performance measure and key indicator that reflects free cash flow excluding those cash flows resulting from acquisitions and disposals of businesses..|
|FCF before M&A and customer financing||Free cash flow before M&A and customer financing refers to free cash flow before mergers and acquisitions adjusted for cash flow related to aircraft financing activities. It is an alternative performance measure and indicator that may be used from time to time by the Company in its financial guidance, esp. when there is higher uncertainty around customer financing activities, such as during the suspension of ECA financing support.|
Safe Harbour Statement:
This press release includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance and outlook.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
These factors include but are not limited to:
As a result, Airbus SE’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
For a discussion of factors that could cause future results to differ from such forward-looking statements, see the Airbus SE “Registration Document” dated 28 March 2018, including the Risk Factors section.
Any forward-looking statement contained in this press release speaks as of the date of this press release. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statements in light of new information, future events or otherwise.
Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
The Company has adopted the IFRS 15 standard as of 1 January 2018. 2017 figures are pro-forma, amended with IFRS 15 restatement and new segment reporting.
Source : Airbus WEBSITE
Will showcase four aircraft, including flying display by A330neo and demonstration flights by C295
Exhibits will demonstrate Airbus’ commitment to ‘Make in India’ and ‘Startup India’
From flying and static displays of its best-in-class products to showcasing its cutting-edge aerospace services, Airbus has planned one of its biggest-ever participations at Aero India, to be held in Bengaluru from 20 to 24 February, 2019.
Static & flying displays
The centrepiece of the flying displays will be the A330neo – the latest addition to the leading Airbus widebody family featuring advanced materials, new optimised wings, composite Sharklets and highly-efficient engines that together deliver 25% reduced fuel burn and CO2 emissions. Demonstration flights will be performed by the new-generation tactical airlifter C295 which can perform multi-role operations in all weather conditions.
On static display will be Airbus’ most versatile twin-engine rotorcraft – the H135 & H145. The H135 is known for its endurance, compact build, low sound levels, reliability, versatility and cost-competitiveness. The H145 is a member of Airbus’ four-tonne-class twin-engine rotorcraft product range – with designed-in mission capability and flexibility, especially in high and hot operating conditions.
Visitors at the Airbus exhibit – Hall E 2.8 & 2.10 – can witness the company’s continued commitment to supporting the growth of India’s aviation, defence and space sectors, particularly in the areas of ‘Make in India’ and ‘Startup India.’ Aerospace fans can also savour interactive virtual and augmented reality experiences at the Airbus stand.
“Aero India is the jewel in the crown of the world’s largest defence and third-largest commercial aviation market,” said Anand E Stanley, President and Managing Director of Airbus India & South Asia. “Airbus’ large-scale commitment to the show demonstrates that India is more than a market, it’s a core base for us.”
On display will be scale models of the C295 – medium transport aircraft; the A330 MRTT – Multi-Role Tanker Transport aircraft; the A400M – the most versatile airlifter currently available; the SES-12 – a geostationary communications satellite and a holographic display of the Hybrid SAR Earth observation radar satellite.
In helicopters, scale models of the H225M – the military version of Airbus’ H225 Super helicopter; the AS565 MBe – the all-weather, multi-role force multiplier; along with the H135 and H145 will be on display. Commercial aircraft scale models will include A330-900, the member of Airbus’ A330neo new-generation widebody, the A321neo and ATR 72-600.
Airbus will also demonstrate a wide range of service offerings, including through its fully owned subsidiaries Satair and Navblue, with particular focus and demonstrations of Skywise-based digital services. Also on display will be Airbus’ Advanced Inspection Drone which accelerates and facilitates visual checks, considerably reducing aircraft downtime and increasing the quality of inspection reports.
It is Airbus’ firm belief that technology and talent are the key to unlocking the enormous potential of the region. In India, it has sought to foster innovation and entrepreneurial spirit through Airbus BizLab, which will be present at Hall E 2.9. Visitors will get a first glance of the opportunities that the startup accelerator has created in the Indian innovation ecosystem. Airbus Bizlab will also partner with Invest India to organise the ‘Startup Day’ at Aero India.
Airbus will also leverage the event to acquire talent. On February 23 and 24, it will offer members of the public the opportunity to explore career prospects with Airbus India in Avionics Software, Aircraft System Simulation and Airframe Structures as well as in API Development, Full Stack Development, Big Data, Cloud and DevOps.
Note for the media
Senior company executives will present an overview of Airbus India at 2pm on February 20. The briefing will take place at an Aero India venue.
@AeroIndiashow #A330neo @makeinindia #C295 @airbusbizlab
Source : Airbus WEBSITE
Source : Airbus WEBSITE
Region’s growing middle class driving demand for air travel
Latin American air travel is expected to double in the next two decades thanks to anticipated growth of the region’s middle class from 350 million people to 520 million by 2037, and evolving airline business models making travel more accessible.
Passenger traffic in the region has more than doubled since 2002 and is expected to continue growing over the next two decades increasing from 0.4 trips per capita in 2017 to nearly 0.9 trips per capita in 2037. Historically, domestic traffic was the fastest growing segment, but in 2017 intra-regional traffic grew faster. Less than half of the region’s top 20 cities are connected by one daily flight, creating a great potential for the region’s airlines to build intra-regional traffic.
According to the latest Airbus Global Market Forecast (GMF), Latin America and the Caribbean region will need 2,720 new passenger and freighter aircraft to meet this rising demand. Valued at US$349 billion, this forecast accounts for 2,420 small and 300 medium, large and extra-large aircraft. This implies that the region’s in-service fleet will almost double from the 1,420 aircraft in-service today to 3,200 in the next two decades. Of these aircraft, 940 will be for replacement of older-generation aircraft, 1,780 will be accounted for growth, and 480 are expected to remain in service.
“We continue to see growth in the region’s air transport sector, despite some economic challenges. With two of the world’s top 13 traffic flows expected to involve Latin America, and traffic expected to double, we are very optimistic that the region will continue to be resilient. Also, with intra and intercontinental demand rising, Latin American carriers will be in a very strong position to increase their footprint in the global long haul market segment.” said Arturo Barreira, President of Airbus Latin America and Caribbean, at the ALTA Airline Leaders Forum.
In 2017 Panama City joined Bogota, Buenos Aires, Lima, Mexico City, Santiago and Sao Paulo in the list of aviation megacities in Latin America. By 2037 Cancun and Rio de Janeiro are expected to be added to the list. These aviation megacities will account for 150,000 long-haul passengers daily.
Airbus has sold 1,200 aircraft, has a backlog of nearly 600 and nearly 700 in operation throughout Latin America and the Caribbean, representing a 56% market share of the in-service fleet. Since 1994, Airbus has secured nearly 70% of net orders in the region.
Source : Airbus Website