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Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation

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Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation
  • Bombardier transfers its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus SE and the Government of Québec
  • Airbus now holds 75 percent of Airbus Canada with the Government of Québec increasing its holding to 25 percent for no cash consideration
  • Bombardier work packages for the A220 and A330 will be transferred to Airbus, through its subsidiary Stelia Aerospace, securing 360 jobs in Québec
  • Bombardier will receive US$591M, net of adjustments, of which US$531M was received at closing, and is released of its future funding capital requirement to Airbus Canada
  • Over 3,300 Airbus jobs secured in Québec

Amsterdam / Montreal – Airbus SE (EPA: AIR), the Government of Québec and  Bombardier Inc. (TSX: BBD.B) have agreed upon a new ownership structure for the A220 programme, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately.

This agreement brings the shareholdings in Airbus Canada, responsible for the A220, to 75 percent for Airbus and 25 percent for the Government of Québec respectively. The Government’s stake is redeemable by Airbus in 2026 – three years later than before. As part of this transaction, Airbus, via its wholly owned subsidiary Stelia Aerospace, has also acquired the A220 and A330 work package production capabilities from Bombardier in Saint-Laurent, Québec.

This new agreement underlines the commitment of Airbus and the Government of Québec to the A220 programme during this phase of continuous ramp-up and increasing customer demand. Since Airbus took majority ownership of the A220 programme on July 1, 2018, total cumulative net orders for the aircraft have increased by 64 percent to 658 units at the end of January 2020.

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The single aisle market is a key growth driver, representing 70 percent of the expected global future demand for aircraft. Ranging from 100 to 150 seats, the A220 is highly complementary to Airbus’ existing single aisle aircraft portfolio, which focuses on the higher end of the single-aisle business (150-240 seats).

As part of the agreement, Airbus has acquired the Airbus A220 and A330 work package production capability from Bombardier in Saint-Laurent, Québec. These production activities will be operated in the Saint Laurent site by Stelia Aéronautique Saint Laurent Inc., a newly created subsidiary of Stelia Aerospace, which is a 100 percent Airbus subsidiary.

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Stelia Aéronautique Saint-Laurent will continue the production of the A220 cockpit and aft fuselage production, as well as A330 workpackages, for a transition period of approximately three years at the Saint-Laurent facility. A220 workpackages will then be transferred to the Stelia Aerospace site in Mirabel to optimize the logistical flow to the A220 Final Assembly Line also located in Mirabel. Airbus plans to offer all current Bombardier employees working on the A220 and A330 work packages at Saint-Laurent opportunities around the A220 programme’s ramp-up, ensuring know-how retention as well as business continuity and growth in Québec.

At the end of January 2020, 107 A220 aircraft were flying with seven customers on four continents. In 2019 alone, Airbus delivered 48 A220s, with the further ramp-up to be continued.

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These are the four-star low-cost Carriers for 2024

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These are the four-star low-cost Carriers for 2024

In the rapidly evolving world of aviation, staying ahead of the curve and finding the most cost-effective options for air travel is crucial for both travelers and airlines alike. As we approach the year 2024, Apex, a renowned authority in the aviation industry, has released its highly anticipated list of four-star low-cost carriers.

These are the airlines with Four-Star and Five-Star APEX ratings for 2024.(Opens in a new browser tab)

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The APEX Four Star Airline Awards were unique since they were created solely from verified passenger reviews submitted by more than a million fliers using TripIt.

These airlines have achieved a remarkable combination of price and great service, making them the top alternatives for budget-conscious travelers searching for a pleasant and joyful flying experience. In this article, we will look at the four-star low-cost airlines for 2024.

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Global Passenger Choice airline Award Winners 2022 by Apex.(Opens in a new browser tab)

low-cost Airlines

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  • Allegiant
  • Breeze
  • GOL
  • Southwest
  • Spirit
  • Sun Country Airlines
  • WestJet
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Airlines

These are the airlines with Four-Star and Five-Star APEX ratings for 2024.

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These are the Airlines with Four and Five-Star APEX Ratings for 2024

In the ever-evolving world of aviation, these awards stand as a testament to excellence, innovation, and outstanding service within the airline industry. As travelers around the globe seek ever more personalized and remarkable experiences, these airlines have risen to the occasion, setting new standards for quality, comfort, and customer satisfaction.

World class airline awards 2022 by Apex(Opens in a new browser tab)

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The APEX Five Star and Four Star Airline Awards were unique since they were created solely from verified passenger reviews submitted by more than a million fliers using TripIt.

Global Passenger Choice airline Award Winners 2022 by Apex.(Opens in a new browser tab)

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Here, we’ve highlighted some of the 2024 Apex Four-Star and Five-Star Airlines Awards, recognizing these airline giants and the outstanding traveler experiences they provide. Whether you are a frequent traveler or only sometimes do so, these awards highlight the airlines who have changed the definition of what it means to fly in luxury and grace.

GLOBAL FIVE STAR
  • Aeromexico
  • Air Canada
  • Air France
  • Air New Zealand
  • American Airlines
  • ANA
  • Austrian
  • Cathay Pacific
  • Delta Air Lines
  • EL AL
  • Etihad
  • Eva Air
  • Finnair
  • LATAM Airlines
  • Lufthansa
  • Korean Air
  • SAS
  • Swiss
  • United Airlines
  • Vietnam Airlines
  • Virgin Atlantic
MAJOR AIRLINES FIVE STAR
  • Aer Lingus
  • Air Astana
  • Air Tahiti Nui
  • Alaska Airlines
  • Copa Airlines
  • Fiji Airways
  • Hawaiian Airlines
  • Icelandair
  • Oman Air
  • Royal Brunei Airlines
REGIONAL AIRLINE FIVE STAR*
  • JSX 
GLOBAL AIRLINES FOUR STAR
  • British Airways
  • Ethiopian
  • Polish Airlines
  • Malaysia Airlines
  • Pakistan International Airlines
  • South African Airways
  • Thai Airways International
MAJOR ‎AIRLINES FOUR STAR
  • Aegean Airlines
  • AirEuropa
  • Avianca
  • flydubai
  • Royal Jordanian
  • SriLankan Airlines

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Qantas says cost to fly may rise, Due to Soaring Jet Fuel Prices

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Qantas says cost to fly may rise, Due to Soaring Jet Fuel Prices

Qantas has been absorbing a $200 million increase in fuel costs, the airline warned that if prices continue to rise, the costs may be passed on to customers and it may raise its already high ticket rates.

The airline reported in a market update that fuel costs have gone up 30% since May of this year, including 10% just in the past month. “This is driven by a combination of higher oil prices, higher refiner margins, and a lower Australian dollar,” Qantas stated.

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Boeing warns new defect on 787 Dreamliners will slow deliveries(Opens in a new browser tab)

But Qantas asserted that it will keep an eye on fuel costs in the upcoming months and “look to adjust its settings” if they continue to be this high. Any modifications would aim to strike a balance between the need for reasonably priced travel in a situation where tickets are already high, according to Qantas.

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Qantas and competing airlines use methods of hedging to control erratic pricing changes. An effort to win back consumer support that included an apology from the airline’s new CEO, Vanessa Hudson, and a commitment to rebuild the airline’s reputation after a “humbling period” is in jeopardy as a result of the warning about ticket prices.

Pilots warned of ‘low sealings’ at Utqiagvik airport Seal Sunbathing on the Runway(Opens in a new browser tab)

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Analyst Owen Birrell with RBC Capital Markets predicted that the firm will likely accept the higher fuel costs “until its target margins come under pressure, and then would seek to claw back those costs through capacity cuts and higher fares.”

Given the increased competition, expanding consumer and corporate cost pressures, and incoming reinvestment in the product/platform, we don’t think a substantial earnings shift is possible going forward.

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