Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Air France-KLM orders new Airbus freighter, passenger aircraft

Published 27/01/2023, 07:27
Updated 27/01/2023, 08:01
© Reuters. FILE PHOTO: A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier

(Reuters) - Air France-KLM has placed a firm order with Airbus for four freighter and three passenger aircraft, the Franco-Dutch airline said on Friday, as part of efforts to renew its fleet.

Four Airbus A350F full freighter aircraft, which are expected to be delivered in the second half of 2026, will be operated by Martinair on behalf of KLM Cargo and based out of Schiphol airport in Amsterdam.

The A350Fs, will replace four Boeing (NYSE:BA) 747Fs currently in use, the airline said, adding the order added to a previous deal for four planes of the same type placed in December 2021. They offer a 40% reduction in CO2 emissions compared to Boeing's planes and are less noisy, the airline added.

"I am delighted to announce that KLM and Air France's cargo divisions will soon operate the quietest and most advanced full freighter aircraft available on the market," the group's CEO Benjamin Smith said in a statement.

The three additional A350-900 passenger aircraft for Air France, to be based at Paris' main Charles de Gaulle airport, will replace previous generation models. The deliveries are expected in 2024.

© Reuters. FILE PHOTO: An Air France Airbus A350 airplane lands at the Charles-de-Gaulle airport in Roissy, near Paris, France April 2, 2021. REUTERS/Christian Hartmann/File Photo

"Since its entry into service at Air France, the A350-900 has proved to be a reliable and efficient aircraft, as well as a game changer in terms of reduction of CO2 and noise emissions," Smith added.

By 2030, Air France-KLM aims to reduce CO2 emissions per passenger/kilometre by 30% compared to 2019 levels.

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.