AVN 68.40 Increased By ▲ 0.65 (0.96%)
BAFL 31.10 Increased By ▲ 0.12 (0.39%)
BOP 4.88 Increased By ▲ 0.07 (1.46%)
CNERGY 3.91 Increased By ▲ 0.15 (3.99%)
DFML 14.10 Increased By ▲ 0.12 (0.86%)
DGKC 42.70 Increased By ▲ 1.70 (4.15%)
EPCL 47.51 Increased By ▲ 0.46 (0.98%)
FCCL 12.08 Increased By ▲ 0.43 (3.69%)
FFL 5.22 Increased By ▲ 0.06 (1.16%)
FLYNG 6.29 Increased By ▲ 0.35 (5.89%)
GGL 11.22 Decreased By ▼ -0.07 (-0.62%)
HUBC 67.70 Decreased By ▼ -0.25 (-0.37%)
HUMNL 5.78 Increased By ▲ 0.08 (1.4%)
KAPCO 28.07 Increased By ▲ 0.03 (0.11%)
KEL 2.32 Increased By ▲ 0.05 (2.2%)
LOTCHEM 26.70 Increased By ▲ 0.50 (1.91%)
MLCF 22.85 Increased By ▲ 1.19 (5.49%)
NETSOL 87.60 Increased By ▲ 1.15 (1.33%)
OGDC 100.86 Increased By ▲ 0.37 (0.37%)
PAEL 11.41 Increased By ▲ 0.26 (2.33%)
PIBTL 4.33 Increased By ▲ 0.09 (2.12%)
PPL 81.10 Increased By ▲ 0.50 (0.62%)
PRL 13.63 Increased By ▲ 0.40 (3.02%)
SILK 0.93 Increased By ▲ 0.02 (2.2%)
SNGP 44.51 Increased By ▲ 0.61 (1.39%)
TELE 6.20 Increased By ▲ 0.13 (2.14%)
TPLP 16.20 Increased By ▲ 0.35 (2.21%)
TRG 122.90 Increased By ▲ 1.32 (1.09%)
UNITY 14.25 Increased By ▲ 0.25 (1.79%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
BR100 4,235 Increased By 53.9 (1.29%)
BR30 15,424 Increased By 153.9 (1.01%)
KSE100 42,192 Increased By 469.2 (1.12%)
KSE30 15,914 Increased By 167.7 (1.06%)
Follow us

PARIS: Airbus is canvassing airline support for a potential freighter version of its A350 passenger jet, targeting a key stronghold of US rival Boeing as e-commerce lifts demand for transported goods, people familiar with the matter told Reuters.

The jet would be the first freighter spin-off of the latest generation of carbon-fibre jets and help stabilise output of wide-body jets that have been badly hit by the COVID-19 crisis.

But a launch depends on identifying enough buyers willing to take a punt on fickle cargo demand in the midst of the aviation industry’s worst downturn, which has trampled airline finances.

“We are always looking at product developments but do not comment on specific programmes,” an Airbus spokesman said.

Air freight demand, which was weak before the COVID-19 crisis, has soared as home-bound shoppers turn to e-commerce, but analysts warn it is volatile and prone to extended downturns.

Normally about half the world’s air cargo is carried in the bellies of passenger jets, but a hit to travel from the pandemic has left the world more reliant on dedicated freighters and conversions of passenger planes. Although it has vaulted past Boeing as the world’s largest producer of passenger jets, Airbus has had limited success in penetrating the freighter fortress of its arch-rival.

It pulled the plug on a freighter version of its A380 superjumbo almost 15 years ago and has had no freighters in its order pipeline since December, when Turkey’s MNG Airlines cancelled three A330 freighter.

Boeing has delivered 202 of the rival 777 freighter, compared with 38 of the A330 cargo version. Dominating the trade lanes is Boeing’s 747 freighter with more than 260 delivered.

It is not the first time a possible new freighter has been mooted. The latest design on the drawing board at Airbus’s Toulouse headquarters in France involves a slightly longer aircraft than the best-selling Airbus A350-900 jetliner. Its development poses technical challenges since it would involve placing a cargo door in the composite shell chosen by Airbus to compete with Boeing’s lightweight composite 787.

Experts say cutting composite is more challenging than traditional aluminium, though Airbus could reap benefits from a decision - seen as costly at the time - to build the A350 from composite panels rather than barrel sections used on the 787.

Industry sources estimate Airbus would need commitments for some 50 aircraft to go ahead with a launch, with Chief Executive Guillaume Faury focusing on carrying out a major restructuring while directing resources towards an A321XLR passenger plane. A development would cost an estimated $2-3 billion.

Comments

Comments are closed.

Airbus targets Boeing’s freight fortress with potential A350 cargo jet

Intra-day update: rupee maintains momentum against US dollar

IMF talks: ‘Some understanding’ reached: MoS Pasha

Intra-day update: Bullish run at PSX, KSE-100 up over 500 points

Qatar agrees to buy OGDCL, PPL shares

PM forms body to activate STZA

Primary deficit: Rs500bn waiver sought from IMF

First six months: Fiscal deficit swells to 2pc of GDP

Petrol shortage hits major cities of Punjab

New landfill sites: Govt decides to alter ICT master plan

Joint sitting of parliament: Rabbani deplores non-inclusion of terror issue in agenda