Airbus and Green Africa announce strategic partnership with MoU for 50 A220s
Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.
Babawande Afolabi, Founder & CEO of Green Africa Airways said, “Together with Airbus, we are incredibly proud to announce the largest order ever for the A220 from the African continent. The Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future”. Airbus Chief Commercial Officer, Christian Scherer, speaking from the Singapore Airshow, added, “We are excited about the Green Africa project, its legitimate ambition and its professionalism, evidenced by their most discerning choice for their operating assets. The unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable. We look forward to our partnership with Green Africa and to accompany their development with the most efficient aircraft in its class”.
Source and details: Airbus media release
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Airbus is a shareholder of the missile systems provider MBDA and a major partner in the Eurofighter consortium. It also owns 50% stakes in ATR, the turboprop aircraft maker, and AirianeGroup, manufacturer of the Ariane 6 launcher.
A commercial aircraft manufacturer, with Space and Defence as well as Helicopters Divisions, Airbus is the largest aeronautics and space company in Europe and a worldwide leader. Airbus has built on its strong European heritage to become truly international – with roughly 180 locations and 12,000 direct suppliers globally. The company has aircraft and helicopter final assembly lines across Asia, Europe and the Americas, and has achieved a more than sixfold order book increase since 2000.
Airbus SE (stock exchange symbol: AIR) reported Full-Year (FY) 2019 consolidated financial results and provided guidance for 2020. “We achieved a great deal in 2019. We delivered a strong underlying financial performance driven mainly by our commercial aircraft deliveries,” said Airbus Chief Executive Officer Guillaume Faury. “The reported earnings also reflect the final agreements with the authorities resolving the compliance investigations and a charge related to revised export assumptions for the A400M. The level of confidence in our ability to continue to deliver sustainable growth going forward has led to a dividend proposal of € 1.80 per share. Our focus in 2020 will be on reinforcing our company culture, improving operationally, and adjusting our cost structure to strengthen the financial performance and prepare for the future.”
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