Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Exclusive-Airbus A321XLR jet faces range gap after design safeguards -sources

Published 07/21/2023, 11:21 AM
Updated 07/21/2023, 12:03 PM
© Reuters. FILE PHOTO: An Airbus A321XLR Neo passenger aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier/File Photo
BA
-
AIR
-

By Tim Hepher

PARIS (Reuters) -Airbus (EPA:AIR) is grappling with a growing shortfall in the range of its upcoming A321XLR passenger jet after reaching an agreement with European regulators on design safeguards needed to achieve certification, industry sources said.

The setback has prompted the planemaker to offer some customers potential deals for the larger A330neo to help them fill a gap in targeted performance, the sources said.

"Airbus expects no significant impact on the XLR’s unique range advantage in the single-aisle segment," an Airbus spokesperson said in response to a Reuters query.

Launched in 2019 to expand on the successful A321neo jet and steal a march on Boeing (NYSE:BA)'s plans to build a new jet in the middle of the market, which were later abandoned, the A321XLR made its air show debut at Le Bourget outside Paris last month.

The plane's design calls for a novel type of rear central fuel tank, moulded into the contours of the fuselage, to eke out more space for fuel and extend the range by 15% compared with Airbus's most capable current single-aisle model, the A321LR.

But the design raised concerns among regulators about the risk of fire and evacuation times in the event of an accident, prompting talks over design changes needed for certification.

Airbus programmes head Philippe Mhun told FlightGlobal in an interview last month that Airbus had reached agreement with the European Union Aviation Safety Agency (EASA) on a basis for certification including the design of the new fuel tank.

The modifications call for a special protective liner to be added to the fuel tank as well as other reinforcements, he said.

Two industry sources said the cumulative total of changes to the structure had added some 700 to 800 kilos to the weight of the plane compared with earlier estimates of 200-300 kilos.

This would trim the maximum range, which Airbus officially pegs at 4,700 nautical miles (8,700 km). One told Reuters the changes would knock some 200 nm (370 km) off the practical range, which was closer to 4,000 nm in normal operations.

"The A321XLR is going to be more limited on range due to additional weight that has to go on to the aircraft," a third industry source said.

© Reuters. FILE PHOTO: An Airbus A321XLR Neo passenger aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier/File Photo

The range is seen as especially important for airlines like New York-based JetBlue, which is expected to be among the first users and which aims to use the planes to open routes in Latin America or fly deeper into Europe. JetBlue did not immediately respond to a request for comment.

Airbus aims to certify the A321XLR by end-year and deliver the first aircraft in the second quarter of 2024.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.