UPDATE 1-Airbus to fly new freighter, doubt over buyer

By Tim Hepher PARIS, Nov 4 (Reuters) - European planemaker Airbus is preparing the maiden test flight of a new model of freighter plane, but doubts have emerged over the identity of its first operator as global trade remains in the grip of recession. The EADS unit said on Wednesday it would fly the first cargo version of its mid-sized A330-200 passenger plane at its Toulouse headquarters on Thursday, barring poor weather. Air freight accounts for almost half of world trade by value, according to airline industry figures. Airbus launched development of the plane at the height of aircraft demand and a booming global economy in 2007, aiming to challenge Boeing's recent dominance of airborne trade. The first buyer was Flyington Freighters, an Indian start-up promoted by the publisher of the Deccan Chronicle, which placed an order for 12 planes now worth $2.2 billion at list prices. But industry sources told Reuters the Hyderabad-based firm, touted as India's first international all-freighter airline, would not now take the first delivery, which has been pushed back from the second-half of 2009 to spring and now summer 2010. Airbus declined to say which company would first put the plane into service but a spokesman said it had "agreed with Flyington to reschedule deliveries," without elaborating. Flyington was not available for comment. Airbus has so far sold 67 of A300-200Fs to 9 customers. Built to carry 69 tonnes, the aircraft starts its flight tests 9 months after its nearest rival, the freight version of the Boeing 777, entered operations with Air France. Both twin-engined models were initially designed to tap into forecasts of seemingly relentless growth in world trade and a wave of replacements of older jets like the Boeing 747, a backbone of international air freight transport. But the cargo sector has taken an even more dramatic hit than passenger travel from the global economic crisis and conditions have been made worse by scarce trade financing. Some operators have been forced to park loss-making freight planes in the desert, where airlines often store idle capacity. Adding to the line-up of new freighter models vying to enter a jittery cargo market, Boeing is producing an updated, sleeker version of its iconic Boeing 747, known as the 747-8. The new jumbo's freight version has proved more popular than the passenger equivalent but a maiden flight will not now happen before next year due to production problems. Airbus is the world's largest producer of passenger jets ahead of Boeing but does not currently have a freight plane in production after customers cancelled a planned freight version of its A380 superjumbo because of marketing differences. Airbus says the A380 superfreighter is still technically part of its product portfolio and could be produced later. (Reporting by Tim Hepher; Editing by Tim Dobbyn) Keywords: AIRBUS/ ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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