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Iberia Inks 4.5 billion Dollar Airbus Deal
AFP via Yahoo ^ | 02-25-2005 | AFP

Posted on 02/25/2005 10:25:24 PM PST by COEXERJ145

MADRID (AFP) - Spanish airline Iberia said it has inked a deal worth 4.5 billion dollars (3.4 billion euros) to purchase 30 Airbus short and medium haul planes with an option for 49 more in the company's biggest ever acquisition.

Iberia is to purchase three different Airbus models, each carrying between 120 and 300 passengers, as it carries out its largest ever fleet overhaul.

Under the terms of the deal Iberia, which said it had managed to obtain a "major discount" over list price, is to buy 15 A318 planes, nine A320 and six A321 which will come on stream between 2006 and 2011.

The company added that it was confident that the deal would enable it to remain competitive with rising competition in and out of Spain from low-cost carriers, which have been eating away at the firm's market in recent years.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: airbus; iberia
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No real surprise as Iberia has been heading toward an all Airbus fleet for almost a decade now.
1 posted on 02/25/2005 10:25:25 PM PST by COEXERJ145
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To: Paleo Conservative

FYI


2 posted on 02/25/2005 10:26:02 PM PST by COEXERJ145
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To: COEXERJ145; microgood; starfish923; liberallarry; cmsgop; shaggy eel; RayChuang88; Larry Lucido; ...

Ping!


3 posted on 02/25/2005 10:38:18 PM PST by Paleo Conservative (Hey! Hey! Ho! Ho! Andrew Heyward's got to go!)
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To: Paleo Conservative

I really hate reporters... especially when they report something they know nothing about.

120-300 passengers? I'd like to see 300 passengers in an A321!


4 posted on 02/25/2005 10:45:59 PM PST by jerseyboy4truth
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To: jerseyboy4truth

Let me also add that this wasn't an easy win for Airbus nor an unexpected loss for Boeing.

After the latest Boeing/Iberia fiasco (with Boeing name-calling Iberia execs on its own website) it was all but a forgone conclusion. However, now that Condit is gone, Stonecipher seems to given the sales department the impetus they needed. Stonecipher personally flew to Madrid to pitch this order.

In other news, a massive 60 plane order that was leaning Airbus has done a 180. Expect a 60 plane order for Malaysia for Boeing within the next week.


5 posted on 02/25/2005 10:48:46 PM PST by jerseyboy4truth
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To: jerseyboy4truth; COEXERJ145
I really hate reporters... especially when they report something they know nothing about.

120-300 passengers? I'd like to see 300 passengers in an A321!


6 posted on 02/25/2005 10:49:56 PM PST by Paleo Conservative (Hey! Hey! Ho! Ho! Andrew Heyward's got to go!)
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To: Paleo Conservative

Not even. More like chopped tuna fish.


7 posted on 02/25/2005 10:52:17 PM PST by jerseyboy4truth
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To: jerseyboy4truth

Good info. Didn't Boeing also pick up a huge order from Ryanair this week? A Euro airline that is practically all Boeing from what I understand (Europe's version of SWA).


8 posted on 02/25/2005 10:52:18 PM PST by Citizen of the Savage Nation
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To: Citizen of the Savage Nation

Yes. A 70 airplane order from Ryanair + 70 options. They also got an order for two 787's this morning.


9 posted on 02/25/2005 10:52:58 PM PST by jerseyboy4truth
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To: jerseyboy4truth

I thought so, didn't seem to get much coverage though. The year just started but I wonder if it looks like Boeing is going to gain back ground on Airbus this year?


10 posted on 02/25/2005 10:55:58 PM PST by Citizen of the Savage Nation
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To: jerseyboy4truth

That is very good news. Thanks.


11 posted on 02/25/2005 10:56:32 PM PST by Chgogal
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To: jerseyboy4truth

"After the latest Boeing/Iberia fiasco (with Boeing name-calling Iberia execs on its own website) it was all but a forgone conclusion."

Yikes,..what a good move! I wonder if there was any EU pressure on Spain though. They are putting the squeeze on Poland right now.

http://www.freerepublic.com/focus/f-news/1348614/posts


12 posted on 02/25/2005 11:04:19 PM PST by Righty_McRight
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To: Righty_McRight

Yup and don't be surprised how that turns out, since Poland went with the F-16's recently.


13 posted on 02/25/2005 11:05:43 PM PST by Citizen of the Savage Nation
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To: Citizen of the Savage Nation; jerseyboy4truth

Do you fly on a consistent basis?

I can say hands down that I just plain prefer to sit in an airbus.

The business class is far superior in terms of layout and economy is better too.

This, combined with the fact that Airbus's current product line is lighter and more fuel efficient, plus the basic pilot interface remains the same regardless of the plane (lower training costs) I find it amazing that Boeing gets any orders at all.

Boeing's new plane better be great. Otherwise I find it hard to imagine them being even in 2nd place in 25 years.

This is not to say that Airbus did not get where it is with massive subsidies, but its product really is better.


14 posted on 02/25/2005 11:08:33 PM PST by Einigkeit_Recht_Freiheit (If nothing will change your mind, yes you are an extremist.)
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To: Einigkeit_Recht_Freiheit

What does the seat have to do with the Aircraft manufacturer???

That's up to the individual airline.


15 posted on 02/25/2005 11:12:59 PM PST by jerseyboy4truth
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To: Citizen of the Savage Nation

I'm surprised they didn't make Poland buy Airbus as a requirement for joining the Union.


16 posted on 02/25/2005 11:29:23 PM PST by Righty_McRight
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To: Einigkeit_Recht_Freiheit

Sure, Airbus makes a great product - if you forget the fact that the things have a NASTY habit of having the tail snap off (for various reasons). Forget about trying evasive manuvers in one. Oh, and there's still no fix for that other than "inspect and replace the tail regularly" and "don't use the rudder".


17 posted on 02/25/2005 11:31:50 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

Now now... Boeing has had it's share of rudder problems!


18 posted on 02/25/2005 11:33:58 PM PST by jerseyboy4truth
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To: Einigkeit_Recht_Freiheit
"Do you fly on a consistent basis? "

Yes. . .last year over 150K and will break that this year and the travel is killing me.

"I can say hands down that I just plain prefer to sit in an airbus. "

I disagree. I take the opposite opinion.
19 posted on 02/25/2005 11:39:57 PM PST by Gunrunner2
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To: jerseyboy4truth

Yes, but those actually *have* a fix, and Boeing doesn't keep manufacturing planes with the known defective part. Airbus doesn't have a fix and hasn't changed their construction technique. Their solution is "don't use the rudder".

Also, while Boeings may lose the rudder, they do usually stay in the air afterwards. With an Airbus, the entire vertical stabilizer comes off, and down you go.

Did you know that on an Airbus, if the computer decides that you can't do something (move the controls in a certain way, or to a certain extent), there's no way to override it? Boeings almost always have a manual override.


20 posted on 02/25/2005 11:41:11 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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