Airbus is in talks with several potential customers for a new A350 freighter while seeing signs of demand for smaller A320 passenger jets in Europe, its sales chief said on Tuesday. With e-commerce booming, Airbus formally began marketing a proposed freight variant of its A350 passenger jet in July, taking aim at Boeing’s tight grip on the global cargo market. “We are in a number of very encouraging discussions,” Chief Commercial Officer Christian Scherer told reporters in Toulouse, where the European planemaker is based.
Ryanair on Tuesday warned that Boeing risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase. Ryanair Group Chief Executive Michael O'Leary said that "Europe's low cost carriers will drive demand for Airbus A320 family aircraft and not Boeing" unless it cuts its prices and does a deal with Ryanair.
Boeing's inability to deliver commercial jets at a reasonable pace will cause it to continue burning cash.