Airbus announced (15-Jan-2013) on its Twitter feed that it signed an agreement with Syphax Airlines for three A230ceo and three A320neo aircraft. Syphax Airlines chairman Mohamed Frikha, speaking to Reuters, said the carrier had signed an agreement for 10 aircraft, with a value of up to USD600 million. CFM International stated Syphax Airlines has selected the company’s LEAP-1A to power three A320neo aircraft and CFM56-5B engines to power three three A319/A320ceo aircraft, respectively. The airline will take delivery of its first A320ceo in 2015, while the new A320neo aircraft are scheduled to begin delivery in 2019. The firm engine orders are valued at USD145 million at list price. CFM also stated Syphax plans to introduce five additional leased A320ceos over the next few years. Launched in 2011, Syphax Airlines is the first private Tunisian “hybrid” airline. Syphax hopes to help expand the regional economy by providing essential access from its two main hubs, Sfax-Thyna Airport and Tunis-Carthage. The airline serves destinations in the Mediterranean basin such as France, Germany, Libya, and Turkey, in addition to domestic routes with two leased CFM56-5B-powered A319ceo aircraft. [more - original PR]
Syphax signs agreements for A320 aircraft
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Norwegian Air: A321neo LR gives short long haul options; 2Q margin grows on lower fuel
Norwegian Air continued its trend of improving profitability in 2Q2016, when it marked its sixth successive quarter of year-on-year increases in its operating margin. It achieved a further gain in load factor, in spite of double-digit capacity growth. The biggest sources of its growth were its US widebody routes and its operations in Spain, where it has recently opened a seventh base at Palma de Mallorca.
To a large extent its recent positive trend of growing profits has been the result of lower fuel prices. Ex fuel unit costs have been rising for several quarters, outpacing increases in unit revenue. Norwegian has only managed to achieve margin gains because of lower fuel CASK.
Norwegian's operations should become more efficient if it received US foreign airline permits for its Irish and UK subsidiaries, although there is currently little sign that this is about to happen. A new order for 30 A321LRs (part of the A320neo family) should also help Norwegian's unit cost performance and give it more choice over aircraft deployment on shorter long haul routes.