💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

First Airbus A321XLR delivery due in second-half October, airline says

Published 09/20/2024, 11:29 AM
Updated 09/20/2024, 11:47 AM
© Reuters. Airbus A321XLR takes off for its maiden flight at Hamburg-Finkenwerder Airport, Germany, June 15, 2022. REUTERS/Fabian Bimmer/File Photo
EADSY
-

(Reuters) -The first delivery of Airbus' longest-range narrowbody jet, the A321XLR, is poised to slip into October, apparently missing the planemaker's delivery target by several weeks.

A spokesperson for Spain's Iberia said in response to a Reuters query that the delivery is planned for the second half of October.

Airbus referred questions on the delivery to the airline. In July, it said it expected the A321XLR to be delivered "at the end of the summer," having previously cited the third quarter.

The delivery from Hamburg represents a milestone in a fierce competition between Airbus and Boeing (NYSE:BA) to meet demand to serve longer routes with workhorse narrowbody jets.

The A321XLR was launched in 2019 with an initial target for entry to service of 2023 to help airlines open new routes without the need to fill up larger wide-body aircraft. Boeing is developing a larger version of its 737 family, the MAX 10.

The debut A321XLR delivery was originally earmarked for Iberia's sister airline Aer Lingus but was switched to the Spanish network by parent group IAG earlier this year amid uncertainty during a recent Aer Lingus pilots' strike.

The uncertainty spilled into the paint shops with one aircraft seen recently in Aer Lingus colours but with an Iberia logo on the engine cover during testing, according to industry publication the Irish Air Letter, which expects Aer Lingus to receive two of the long-distance planes in the fourth quarter.

© Reuters. Airbus A321XLR takes off for its maiden flight at Hamburg-Finkenwerder Airport, Germany, June 15, 2022. REUTERS/Fabian Bimmer/File Photo

Airbus said it had sold more than 500 of the recently certified A321XLR model but did not give a breakdown by airline.

IAG did not immediately respond to a request for comment.

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.