SAS CONFIRM AIRBUS ORDER FOR 30 AIRBUS A320NEO AIRCRAFT....................
STOCKHOLM (Dow Jones)--Scandinavian airline SAS AB (SAS.SK) said Monday it has placed an order for 30 Airbus A320neo with the option of a further 11, with first delivery from the second half of 2016 and final delivery during 2019.
-Based on Airbus list prices and before any discounts, the value of the firm order is approximately SEK18 billion.
-As from 2015 SAS' short-and medium distance aircraft will consist of two aircraft types: Airbus A320 at the base in Copenhagen and Boeing 737NG at the bases in Stockholm and Oslo.
-As part of the transition, all the MD80s in Copenhagen will be replaced by leased Airbus A320 and be completed by the end of 2014 which in turn will be replaced as from 2016 by the now 30 ordered Airbus A320neo.
-SAS Group expects to finance the aircraft through a combination of leasing and loans.
-All the MD80s at the base in Stockholm will be replaced by leased Boeing 737NGs, which will be completed during 2013.
-Finally all the Boeing 737 Classics at the base in Oslo will be replaced by Boeing 737NGs and this will be completed by the end of 2014.
-The fuel consumption and the carbon emissions per available passenger kilometers decreases by more than 20% when an MD-80 is replaced by a B737NG or an aircraft in the Airbus 320 family of the same size.
-When an aircraft of today's A320 fleet are replaced with an aircraft of the newest A320neo, the fuel consumption and carbon emissions per available seat kilometers will be reduced by additional 15%.
-SAS has chosen the CFM LEAP-X1A engine to power the A320neos. CFM is a joint venture of Snecma (Safran Group) (SAF.FR) and GE Engines (GE).
-The list price for an Airbus A320neo is approximately $90 million.
The Airbus A400M military transport plane suffered a setback on Sunday when the manufacturer was forced to curtail its debut appearance at the Paris Air Show.
The delayed A400M military airlifter suffered a gearbox problem in one of its powerful turbo-props days before the world's largest air show and will not now be able to carry out its display routine in front of aviation enthusiasts.
Airbus officials said the future European troop carrier would take part in a flypast on Monday to mark the show's opening but then be placed on static display.
"This is not a problem with safety, but flight test requirements are very demanding at the moment," Airbus Military chief executive Domingo Urena-Raso said.
Airbus did not give an estimate for the cost or time involved in fixing the problem, but did not indicate any change in its target to make the first delivery in early 2013.
The A400M has been developed at a cost of more than EUR€20 billion for Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey. It is running four years late due to problems in building the West's largest turbo-prop engines and other snags.
The aircraft has been flying since December 2009 but this week's appearance is the plane's first at the prestigious Paris event.
About 340,000 visitors from the trade and general public are expected for the air show, which runs from June 20 to 26.
PROPELLOR CRACKS
The latest disappointment has cast doubt over whether the plane will be available to attend another air show in Britain in July at which the Royal Air Force and other buyers are expected to unveil an official new name for the aircraft: Atlas.
The naming follows a spat between the RAF and Airbus over the manufacturer's proposed nickname for the plane, "Grizzly," which RAF chief Sir Stephen Dalton said last year he would accept as an operational code name "over my dead body."
Industry sources have said the gearbox problem was not the only recent technical glitch during flight testing.
The aircraft's huge propellors built by French company Ratier-Figeac, indirectly owned by US group United Technologies, also developed cracks prematurely.
Project officials said the problem was being resolved.
Despite the aircraft's complexity and development problems, Airbus parent EADS says the A400M will be a reliable and effective aircraft once it enters service. Airbus hopes to sell around 500 more of the planes, from which it will pay back part of the extra money pumped in by purchasing nations