EADS Welcomes easyJet’s Decision for 120 Airbus A319
Amsterdam, 14 October 2002
-
Enhances Airbus’ position in the Low-Cost Airline Market
-
Strengthens EADS’ Commercial Aircraft Activities
EADS welcomes the announcement of Europe’s fastest-growing airline, easyJet, to go for 120 Airbus A319.
The two CEOs of EADS, Philippe Camus and Rainer Hertrich , commented on the decision as follows: “easyJet’s decision is a huge success for Airbus in the growing low-cost carrier market. The contract is a win-win contract for both parties. It will con-tribute to our EBIT margin objective in 2004. The easyJet deal does not entail any financing by Airbus or EADS and is cash-positive thanks to progressive and significant customer advance payments. It provides economies of scale and visibility for the delivery of Airbus aircraft in the years to come, as the first five deliveries are due in late 2003.”
Camus and Hertrich underlined that “this announcement attests to Airbus’ quality products and their ability to sell themselves, even in these difficult economic times. It demonstrates the competitiveness of Airbus aircraft that allow savings in direct operating costs for airlines. Such a large order, with deliveries spreading over the next five years, is definitely excellent for Airbus.“
EADS is a global aerospace and defence company, and is the world’s second largest in terms of revenues, having achieved EUR 30.8 billion in 2001. EADS maintains a workforce of more than 100,000 and is a market leader in defence technologies, commercial aircraft, helicopters, space, military transport and combat aircraft, as well as related services. Its family of leading brands includes the commercial aircraft maker Airbus; Eurocop-ter, the world's largest helicopter manufacturer; Astrium, the space company and MBDA, the world's second largest missile company. EADS is also the biggest partner in the Eurofighter consortium and heads the A400M military transport aircraft programme. EADS has more than 70 facilities in France, Ger-many, Spain and the UK. It is active in markets around the world, including the U.S. and Asia.
Your points of contact:
Dr. Rainer Ohler
Tel. +49 89 607 34 235
Miguel Sanchez
Tel. +34 91 585 77 89
Roland Sanguinetti
Tel. +33 1 42 24 24 26
