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Airbus Wins First Order From Japan Air in Blow to Boeing
Airbus SAS (EAD) won its first order from Japan Airlines Co. (9201), securing a commitment for as many as 56 wide-body planes in a market that Boeing Co. (BA) has almost monopolized for decades. The order consists of 18 A350-900 aircraft and 13 larger A350-1000s, Airbus Chief Executive Officer Fabrice Bregier said on a conference call today. The firm commitment has a value of $9.5 billion at list price, while customers typically secure rebates. Japan Air has an option to purchase 25 more. (www.bloomberg.com) Mais...They may have women pilots, but I guarantee they are no longer ladies!
What are you up to, naughty fellow, Roland Dent ?
We think along the same lines Mr Mittal.
Bettya they got 30% discount and lifetime warranties.
JAL who once ruled the skies as far as Japan was concerned forgot their culture. They stood still as far as service and amenities, in-flight comfort, menus, and schedules. Other airlines soared above them, while management made cuts in everything visible to passengers.
They can no longer afford to front a fleet of profitable aircraft. They need the steep discounts from list prices, operations and service compensation, and no payments for five years (courtesy of European taxpayers.)
JAL will discover they will need to raise fares to operate their fleet. This will plunge them even deeper into debt. The chairman will be able to meet with Vijay Mallya (Kingfisher Air) in Singapore and reminisce "when we were King."
Boeing cannot offer those incentives because America is not a socialist country. Well, except The Affordable Health Care Act (Obama care) which demands all residents pay for a product they may not want.
This is not a blow in any sense of the word for Boeing. They will simply sell more planes to the airlines that will fill in for what once was JAL's.
They can no longer afford to front a fleet of profitable aircraft. They need the steep discounts from list prices, operations and service compensation, and no payments for five years (courtesy of European taxpayers.)
JAL will discover they will need to raise fares to operate their fleet. This will plunge them even deeper into debt. The chairman will be able to meet with Vijay Mallya (Kingfisher Air) in Singapore and reminisce "when we were King."
Boeing cannot offer those incentives because America is not a socialist country. Well, except The Affordable Health Care Act (Obama care) which demands all residents pay for a product they may not want.
This is not a blow in any sense of the word for Boeing. They will simply sell more planes to the airlines that will fill in for what once was JAL's.