CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. New Demand For Higher-Capacity Airbus Models

New Demand For Higher-Capacity Airbus Models

by Amanda Banks, Tax-News.com, London

23 July 2010


EADS, the parent company of Airbus, has announced that ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, has converted its existing firm order for 12 Airbus A350-800’s placed in 2007, into the higher capacity A350-900 model.

The A350-900 is the first of the three members of the A350 XWB family to be introduced and will enter service in mid-2013.

ALAFCO, which specialises in Sharia-based commercial aircraft leasing, is the main shareholder is Kuwait Finance House.

Ahmad Al Zabin, ALAFCO’s Chairman and Chief Executive Officer, commented on the decision:

“Our customers are seeing rapid recovery in demand. The A350-900 is best suited to meet the needs of our customers in the decades to come. The A350 XWB will be a strong asset in our portfolio.”

For his part, John Leahy, Airbus’ Chief Operating Officer Customers, added:

“Growth in the industry is undeniable. As passenger traffic begins to recover, we are delighted that ALAFCO have chosen the most popular A350 XWB model. This decision is further evidence of a wider industry trend towards larger aircraft,”

The A350-900 typically has a capacity of around 40 more seats than the smaller 800 model. The decision to launch the A350 XWB (Xtra Wide-Body) Family is in response to widespread market demand for a series of highly efficient medium-capacity long-range wide-body aircraft, the company said.

With a range of up to 8,300 nautical miles/15,400 kilometres, it is available in three basic passenger versions: the A350-800 accommodating 270 passengers, the A350-900 seating 314 and the A350-1000 for 350 passengers in a typical three-class layout. At the end of July 2010, orders for the aircraft stood at more than 530 from over 33 customers.

TAGS: aviation

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »