FILE PHOTO: Logo of Airbus is pictured at the Airbus A380 final assembly line at Airbus headquarters in Blagnac near Toulouse, France, March 21, 2018. REUTERS/Regis Duvignau/File Photo

Airbus sales chief says not panicking over A330 order drop

FILE PHOTO: Logo of Airbus is pictured at the Airbus A380 final assembly line at Airbus headquarters in Blagnac near Toulouse, France, March 21, 2018. REUTERS/Regis Duvignau/File Photo
FILE PHOTO: Logo of Airbus is pictured on the Airbus A380 remaining meeting line at Airbus headquarters in Blagnac close to Toulouse

Thomson Reuters

SYDNEY (Reuters) – The head of airplane sales at Airbus dismissed issues a few sharp drop in orders for the A330neo jet and predicted European wide-body demand would begin to recuperate later this yr as rival Boeing prolonged a sequence of wins in the important thing section.

“The world is still full of opportunities in terms of wide-bodies. We have a lost a couple of campaigns in the West and there are other campaigns around the world. I am not personally in a panicking mode about the A330neo,” Chief Commercial Officer Eric Schulz informed Reuters on Monday.

Speaking in an interview at an airways assembly in Sydney, Schulz declined to present a numerical sales goal for 2018 wide-body plane however mentioned, “We will see, I think we will be ok. I can see from the dynamics in the market and what we have in the pipeline and what we have already negotiated.”

The A330neo is a by-product of Airbus’s most-sold wide-body jet, the A330, whose fortunes are broadly monitored by traders as a key supply of earnings and money.

Airbus has misplaced a sequence of contests for sales of the 250-300-seat A330neo, culminating in a call set to be permitted this week by the house owners of India’s Vistara to order six Boeing 787s as a substitute of A330neos, two trade sources mentioned. The similar airline could broaden a leased fleet of A320neos.

Airbus and Boeing declined to touch upon the order and Vistara did not reply to a request to remark.

(Reporting by Tim Hepher; Editing by Victoria Bryan)

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