Qatar Airways says it may switch part of A350 order to biggest model

Airbus Chief Operating Officer President Fabrice Bregier and Qatar Airways Chief Executive Akbar Al-Baker hold a scale model of a Qatar Airways Airbus A350-1000 during a news conference. (REUTERS)
Updated 20 February 2018
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Qatar Airways says it may switch part of A350 order to biggest model

TOULOUSE: Airbus got a boost for its largest twin-engined jet on Tuesday when Qatar Airways said it was considering upgrading some of its A350 orders to the largest model as it took delivery of the first such plane.
The A350-1000 is designed to seat 366 people and competes head-to-head with Boeing’s profitable 777. The first A350-1000 was handed over to the Gulf carrier on Tuesday, joining the smaller A350-900, which has been in service for three years.
Airbus says the lightweight A350-1000 is 25 percent more efficient than the most popular current version of the 777, the 777-300ER.
But sales of the 777-300ER have picked up, and Boeing is working on plans to leapfrog the A350-1000 with an upgraded 777X boasting over 400 seats.
Boeing last year sold 32 777-300ERs against just one order for the A350-1000. Some airlines have begun downgrading some A350-1000 orders to the 325-seat A350-900.
Qatar Airways, which has ordered both the A350-1000 and the 777X, indicated it was moving in the opposite direction and said it could shift more of its A350 orders to the largest model.
“There is a possibility that we could convert some of the 900s to the 1000,” Chief Executive Akbar Al Baker said.
Qatar is the top A350 customer with 76 on order, including 37 A350-1000s, which have a list price of $367 million.
It recently canceled four A350-900 orders following delays, but subsequently re-committed to the new European jet family.

NO NEW A350 MODEL
The prospect of upgrades will come as a relief to Airbus, which is gambling on the A350-1000 to contain any market pressure from the 777 as Boeing develops its new model.
Last summer, the European planemaker shelved tentative plans for an even bigger A350 that would compete more directly with Boeing’s planned 777X.
Fabrice Bregier, speaking on his last day as Airbus chief operating officer, said on Tuesday studies had shown the idea worked in principle, but that Airbus would focus instead on pushing the A350-1000.
“It’s now time to start to be more aggressive and to explain to our customers, or Boeing’s customers, that this aircraft will be a better choice than a 777-9X,” Bregier said.
Boeing insists that its jet will be the world’s most efficient aircraft in its category, thanks to new wings.
Baker said Qatar Airways, one of the world’s major fleet buyers, is not interested in an ultra-long-haul version of the A350-900 being floated by Airbus for carriers like Qantas but could buy more of regular A350 jets.
“Yes, there may in future be a requirement for more of these airplanes for Qatar Airways, especially when we do further enhancements of our acquisitions,” he said.
“And of course there is a probability we will buy more of these airplanes to put in our leasing company.”
He also ruled out orders for the largest and smallest Airbus jets — whether the 544-seat A380, of which it has bought 10 and has options for another three, or the Bombardier CSeries, a 110 to 130-seater that Airbus agreed to rescue last year.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.