Economy

2023-06-19 14:00:42

Baptiste Morin with AFP / Photo credit: Jakub Porzycki / NurPhoto / NurPhoto via AFP 4:00 p.m., June 19, 2023, modified at 7:09 p.m., June 19, 2023

The aircraft manufacturer Airbus has recorded a record order from the Indian company IndiGo, which has requested 500 A320s. This is the largest volume contract ever in civil aviation. A news revealed at the Bourget air show.

Indian low-cost airline IndiGo announced on Monday that it has ordered 500 single-aisle Airbus A320neo family aircraft, the largest volume contract ever in civil aviation. This “historic” firm order, at a theoretical list price of $55 billion, was revealed on the first day of the Paris Air Show by IndiGo CEO Pieter Elbers, in the presence of Airbus Executive Chairman Guillaume Faury. . It concerns devices to be delivered between 2030 and 2035.

2023-06-20 00:12:33

Airbus has just won the largest aircraft order in the history of commercial aviation, according to “CNN”.

The European company announced on Monday that the Indian low-cost airline IndiGo had placed an order for 500 of its A320 planes. The devices must be delivered between 2030 and 2035.

The deal sets “the record for the largest single purchase contract in commercial aviation history,” Airbus (EADSY) said in a statement.

The total number of Airbus aircraft ordered by IndiGo is now 1,330.

According to IndiGo chief executive Pieter Elbers, the agreement with Airbus will allow the company to “fulfill its mission to continue to drive economic growth, social cohesion and mobility in India”.

Founded in 2006, IndiGo dominates the market in India. The company carried 86 million customers, according to its website.

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2023-06-19 15:31:02

The Walloon aerospace group Sonaca signed on Monday “the biggest contract in its historywith European aircraft manufacturer Airbus, in the form of three different contracts. The agreements were unveiled at the Paris-Le Bourget International Aeronautics and Space Show (SIAE)

These contracts were signed by the managing director of Sonaca Yves Dematte on the one hand, and by the chief purchasing officer of Airbus, Olivier Cauquil, and the vice-president in charge of wing purchasing, Stephen Archer, on the other. hand, noted the Belga agency. “Congratulations to all the Soanaca teams. This contract will solidify and extend the relationship between Airbus and Sonaca. That’s very good news“, said Mr. Cuaquil during the signing.Sonaca now becomes the official supplier of the trailing edge flaps (in flaps jargon) of the Airbus A321XLR and extends its historical contract for the supply of the leading edges (for aircraft, slats) A320 and A350. For the Sonaca group, this is a major step forward in its product diversification strategy. These contracts represent the most important commercial success ever signed for Sonaca“, the company said in a statement.

This confirms the industrial robustness and competitiveness of Sonaca

This contract for the A321 XLR, the new long-range single-aisle Airbus aircraft (long range, editor’s note), marks the expansion of the Belgian manufacturer. Sonaca will rely on three of its major sites: Belgium, Brazil and Romania for the supply of these elements. This new mission will involve no less than 160 people within the Sonaca teams.

In addition, Sonaca has also been confirmed as leading edge supplier for the successful A320 and A350 programs. “This testifies to renewed confidence in one of its flagship components and confirms Sonaca’s industrial robustness and competitiveness.“, underlines the press release, which does not provide any indication of the potential turnover linked to these three contracts.

Sonaca, which describes itself as “Belgian industrial flagship“, will have the opportunity to develop new technologies with the installation of a mechanical machining machine for large parts. This more sustainable solution compared to current processes will thus allow Sonaca to continue its efforts for a greener aeronautical industry. In this perspective, investments of more than 40 million euros are planned to support these new developments with in particular the construction of a new production building, which will resume the surface treatment, the drawing and the trimming of the parts, added the group.

“This new partnership marks an important step in our relationship with Airbus. We’ve been partners for almost 40 years and I’m excited to see our collaboration reach new heights for the decade to come.“, rejoiced Mr. Delatte, quoted by the press release.

Questioned by the Belga agency, he refused to mention the slightest amount, while emphasizing that it was “of the biggest contract of all time for Sonaca“, created in June 1978 from the ashes of the former Fairey company. Its capital is 97% owned by the Walloon Region, alongside the Federal Holding and Investment Company (SPPI, 3.02%). It has subsidiaries in the United States, Canada, Mexico, Brazil, China, Romania and Sri Lanka.

But Mr. Delatte assured Monday that “the most technologically advanced processes will remain in Wallonia“, just like the design office which notably develops new manufacturing processes.

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2023-06-19 22:55:10

Multinational companies including Amazon, Marriott and Hilton have pledged to employ more than 13,000 refugees, including Ukrainian women fleeing the war with Russia, over the next three years in Europe.

Ahead of World Refugee Day, which is celebrated on Tuesday, more than forty companies said that they will hire, facilitate the work or train a total of a quarter of a million refugees, of whom 13,680 will get direct jobs in those companies.

“Each number is the story of a family who has left everything, in search of safety, in search of protection, and wants to rebuild as quickly as possible so the commitments that the two companies will make are absolutely necessary,” said Kelly Clements, Deputy High Commissioner for Refugees.

Clements added that 110 million people have been displaced worldwide, of whom an estimated twelve million are from Ukraine, almost half of whom live in Europe, following the largest refugee exodus the continent has seen since World War II.

The Tent Partnership for Refugees (Tent Partnership for Refugees), a non-profit organization founded by Chobani CEO Hamdi Ulukaya, has organized the recruitment drive in Europe, which connects businesses and refugees, and will be unveiled at a rally in Paris.

The group’s first summit in the United States last year resulted in commitments to place 22,725 refugees.

In the new round, Amazon leads the group, as it pledged to employ at least five thousand refugees over the next three years in Europe, followed by “Marriott” and “Hilton”, as they will each employ one thousand five hundred refugees, then “Starbucks” and “ES.” S, hiring 1,000 each, on top of smaller pledges from brands such as Adidas, Starbucks, L’Oreal, PepsiCo and Hyatt.

“This is good for us as a company because the opportunity to add diversity to our workforce will make us a stronger company,” said Ofori Agbuka, Amazon Vice President of Human Resources. “With diversity comes innovation, creativity, and different visions.”

He added that the vast majority of jobs in execution and warehousing centers and in transportation and delivery will be hourly.

Amazon had announced the abolition of twenty-seven thousand jobs earlier this year, as part of a wave of layoffs following technology companies ramped up hiring during the Covid-19 pandemic.

Agboka said these layoffs primarily affected paid office jobs.

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