AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

British Airways welcomed its first Airbus A380 jet, the world's biggest commercial aircraft, part of a $15 billion upgrade to top-of-the-range planes that will help cut fuel bills and give the airline a boost in the lucrative long-haul business travel market.
The emergence of the fuel-efficient double-decker through the grey clouds over Heathrow airport in west London on Thursday, was greeted by hundreds of British Airways (BA) staff and spectators, a boon to a group that has been weighed down by its ageing fleet. The plane touched down on time and taxied into a hangar near Heathrow terminal five, met by cabin crew in uniform waving British flags. The first long-haul flight on the A380 will run to Los Angeles on September 24, the airline said, slightly earlier than the originally planned October start.
"These aircraft are the start of a new era for British Airways," said Chief Executive Keith Williams, noting the British flag carrier hadn't had any new long-haul aircraft for 17 years. Williams said the A380 was at least 15 percent more fuel- efficient than the planes it was replacing. So along with new planes it is buying from Airbus rival Boeing, he expects to save at least 100 million pounds ($152.6 million) from the airline's annual fuel bill of up to 4 billion pounds, by 2017.
BA, which was due to receive its first A380 a year ago but deferred delivery amid the 2009 banking crisis, is catching up rivals such as Emirates and Lufthansa that have flown A380s for years. Over the next 15 months BA will take delivery of new aircraft at the rate of one a fortnight. BA's ageing long-haul fleet has put it at a "cost and quality" disadvantage to rivals, which run newer, more cost-effective planes that are also more comfortable and better equipped, Davy analyst Stephen Furlong said.
BA, part of IAG, received the first of its new Boeing 787 Dreamliners last month, making it the first airline in Europe to fly both new planes once commercial operations begin. The aircraft are the centrepiece of a ten-year upgrade to BA's long-haul fleet, which will enable it to retire older, more fuel hungry Boeing 747-400 jumbos and shake up its network.

Copyright Reuters, 2013

Comments

Comments are closed.