Airbus cutting prices to compete with Boeing - report |
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Fri, 20 Apr 2007 08:25
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LONDON (Thomson Financial) - Troubled European aircraft giant Airbus is cutting prices to keep pace with US rival Boeing Co, according to a newspaper report.The Toulouse-based company, owned by EADS, has cut the price of its mid-sized A350XWB by half and is offering other inducements to persuade airlines to order its aircraft rather than Boeing's 787 Dreamliner, the Times reported.The list prices for the A350-800 and -900 models are 189 mln usd and 215 mln usd respectively, but Airbus is understood to be offering either for 102 mln usd, the newspaper said.Middle East airline Emirates is set to announce an order for 100 A350s next week in a deal potentially worth between 19 bln usd and 21.5 bln usd at full price, although the discounts mean it is likely to pay less than 10 bln usd, the report said.Airbus has announced job cuts and organisational changes to cope with problems including production delays on its A380 superjumbo and a poor customer response to initial plans for the A350, which prompted a redesign.philip.waller@thomson.compaw/roCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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