Airbus(US:EADSY) Hua Xia Shi Bao·2025-07-24 14:19Core Viewpoint - Despite a year-on-year decline in new aircraft deliveries in the first half of the year, Airbus continues to secure significant new aircraft orders from various airlines and leasing companies, leading to an increase in backlog orders. Addressing supply chain challenges through further vertical integration is crucial for achieving production capacity goals [1][7]. Group 1: New Orders - On July 24, Airbus signed a procurement agreement with Avolon for 90 aircraft, including 15 A330neo and 75 A321neo, raising Avolon's total orders to 79 A330neo and 264 A321neo [2]. - Malaysia Airlines ordered 20 A330-900 aircraft, increasing its A330neo fleet to 40 units, with four already delivered [3]. - AirAsia signed a memorandum for 50 firm orders and 20 options for A321XLR aircraft, valued at $12.25 billion, as part of its transformation into a low-cost network airline [4]. Group 2: Market Trends and Company Strategies - Avolon's CEO expressed confidence in long-term demand for new aircraft, highlighting the attractiveness of A321neo and A330neo models amid the aviation industry's growth trends [2][3]. - AirAsia aims to achieve a passenger capacity of 150 million by 2030, with plans to reform its capacity structure by utilizing longer-range narrow-body aircraft [4][5]. - AirAsia is reportedly considering an additional order of up to 150 new aircraft, potentially including the A220 series [6]. Group 3: Supply Chain and Production Capacity - Airbus delivered 306 commercial aircraft in the first half of the year, a 5.56% decline compared to the same period in 2024, while securing over 400 net orders [7]. - Supply chain issues continue to impact delivery schedules, with executives acknowledging challenges related to suppliers like Spirit AeroSystems and engine manufacturers [7][8]. - Airbus aims to increase narrow-body aircraft production capacity to 75 units per month by 2027, with a new assembly line in Tianjin nearing completion [8][9]. Group 4: Localized Production Efforts - Airbus has initiated a new A321 fuselage system assembly project in collaboration with AVIC Xi'an Aircraft Industry Group, enhancing local production capabilities [9][10]. - The new assembly line in Tianjin is expected to focus on A321 production, with 70% of the output projected to be A321 models [8][10].