Airbus pulls $2.3 billion ‘firm order’ at Farnborough

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The Airbus A320 – also known as Sharklets deriving its name from the resemblance to a shark’s fin – are the latest component in Airbus’ ongoing continuous improvement programme for the A320 Family. It is the best-selling single-aisle product. Photo –

Airbus said it has bagged another order on Wednesday at the Farnborough Airshow, south of London, from CIT Group’s aerospace division in a deal that has a list value of $2.3 billion.

The European aircraft manufacturer will deliver 10 A330 aircraft, in what aviation observers say is the only firm order so far at the airshow. The deal includes five that were ordered earlier this year, and deliveries are scheduled to begin in 2014. Including the new order, CIT now has a total order book of 162 aircraft scheduled for delivery through 2019, of which 89 are of Airbus aircraft.

“The A330 is already the market’s favorite long-range aircraft, but we don’t stop there; we are continuously improving the A330 with, for example, new weight variants which offer more payload-range capability,” Fabrice Bregier, Airbus’ president and chief executive, said.

Airbus also revealed on Wednesday that China Aircraft Leasing Company, a fast growing Hong Kong based aircraft leasing company, has committed to buy 36 current generation A320 short-haul aircraft, in a deal with a list value of $3.1 billion.

On the other hand, Boeing announced Irish-based leasing company Avolon has made a purchase of 10 737 MAX 8s and 5 737 MAX 9s, as well as 10 Next-Generation 737-800s. The commitment has a list-price value of $2.3 billion.

The US-manufacturer on Tuesday bagged an order from a Kuwaiti lessor for 20 737 MAX 8s valued at $1.9 billion at current list prices.

Boeing also racked up a multi-billion dollar deal with GE Capital Aviation Service by committing to take 75 of the upgraded Max version and 25 of the current model of the top- selling 737.

Cathay Pacific announced on Tuesday it placed an order worth up to $4.2 billion with Airbus for its first customer version of A350-1000 wide body plane at list prices.

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