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Japan’s Mitsubishi, ATR win US$1.1 billion orders

Tokyo / Bloomberg Mitsubishi Aircraft Corp., the maker of Japan’s first passenger jet, and propeller-plane maker ATR announced orders from lessors at the Singapore Airshow amid concern that a two-year, multi-billion-dollar order spree could soon start losing steam. Mitsubishi Aircraft signed a letter of intent with US lessor Aerolease Aviation LLC for 10 planes on a firm basis, with an ...

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Airbus order backlog value tops US$1trn

Paris / AFP Airbus Group SE said it’s raising its tally for last year, taking its total backlog of aircraft orders to $1 trillion Airbus revised upwards its 2015 net aircraft order book on Tuesday after it received orders very late in December. Including the 44 last-minute orders, Airbus’s book for 2015 now stands at 1,080 aircraft orders, worth $141.6 ...

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Qatar Air to seek compensation for delays in getting A320neos

Doha / Bloomberg Qatar Airways Ltd., the second-biggest Gulf carrier, will seek compensation for delays in delivery of its Airbus Group SE A320neo aircraft, Chief Executive Officer Akbar Al Baker said. Pratt & Whitney’s geared turbofan-powered engines have a “long way to go,” and Qatar Airways expects a “very huge” delay before receiving the A320neo, Al Baker told Bloomberg Television ...

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