Home » Posts tagged 'ba'
Tag Archives: ba
British Airways has introduced a brand-new electric cab service at its Heathrow home, giving customers the opportunity to experience travelling in a legendary London taxi without leaving the airport.
The London Electric Vehicle Company taxi features Wi-Fi, phone, laptop and USB charging and a panoramic roof – great for plane spotting.
In addition, customers can expect a smooth ride, air-conditioning and a spacious cabin with room for all of customers’ hand luggage.
The taxis will join British Airways’ fleet of chauffeur-driven executive vehicles, to drive premium customers at risk of missing their connecting flight to meet their next aircraft.
Customers are met by the driver at the aircraft side and are driven directly to the aircraft side of their onward flight.
With every ride completely free of charge, there’s no need for customers to reach for their wallets.
Daljit Hayre, British Airways senior manager, Heathrow Customer Experience, said: “It’s great to see the reaction of customers when they’re met by a London taxi at the side of the aircraft, waiting to take them on to their next flight.
“They’ve told us how much they appreciate this gesture, plus they love the space in the vehicle for their hand baggage.
“We’re also really pleased that using new generation electric taxi reduces our carbon footprint.”
The initiative is part of British Airways’ long-term plan to reduce emissions from all vehicles at Heathrow and follows the introduction of electric aircraft pushback vehicles.
This is British Airways’ Centenary year.
The airline is investing £6.5 billion for customers over the next five years, including new aircraft, new cabins, new catering, new lounges, Wi-Fi, and new routes.
As a part time aviation buff, I probably take more note than others of the comings and goings at the Paris Air Show. The mood this year was very upbeat, with European Civil Aerospace very much in the ascendency.
Although demand remains healthy, the very nature of the industry structure means there are a relative a small number of major manufacturers. This doesn’t mean the manufacturers can monopolise – far from it. Pricing remains competitive in civil aviation, and means that company boardrooms have a constant battle to maintain margin.
After ferrying new French President Macron to open the Paris Air Show, Airbus (EPA: AIR) announced a deal for 100 single-aisle A320neo planes in its first big move, a real coup considering the firm is constantly battling US giant Boeing for orders amid burgeoning competition from China. This will create years of work for the global workforce. It’s thought that the firm had firm commitments for some $11bn worth of planes.
Not to be outdone, Boeing (NYSE: BA) unveiled plans for a newer and bigger version of its 737 Max aircraft, more or less declaring war on Airbus in the market for narrow-body passenger jets.
Boeing announced firm orders for more than 45 planes worth some $5.4bn. Buyers included Ryanair, China’s Okay Airways and the Aviation Capital Group leasing company. Pledges for a further 83 planes could be worth as much as $9.3bn.
However, with huge order backlogs for both firms, new orders aren’t perhaps the all important share price drivers that some might think. Airbus has accused Boeing of discounting narrow-body prices to win back market share, putting downward pressure on its suppliers. In addition aviation technology group Safran (EPA: SAF) has accused Pratt & Whitney, owned by United Technologies Corp (NYSE: UTX) of discounting engines in competition against the General Electric / Safran LEAP engine.
While it can be argued that the CA aftermarket industry offers greater upside risk than the aircraft manufacturers themselves, the low oil price means it makes greater economic sense to keep older planes in service, providing a welcome boost for the industry future. This view is lent further credence by upbeat forecasts from several companies, including UTC, Aero Systems, GE and Honeywell, who all said their 2017 aftermarket sales could be better than expected. And with the number of new planes coming off warranty, this looks set to continue.
So in summary, investing in the aircraft manufacturers directly, or the aftermarket industry looks to be a fairly safe place for your money. Emerging markets continue to fulfil the aircraft sales quota, while maintaining planes out of warranty is looking increasingly lucrative for the future. It might even be said that rather than taxiing out to the runway, the industry is awaiting clearance for take-off!