logo
Share SHARE
FONT-SIZE Plus   Neg

AirAsia Places Order With Airbus For 100 More A320 Family Aircraft

European Aeronautic Defence and Space Co. (EADS NV EADSY.PK,EADSF.PK), or EADS, Thursday revealed a new order from low-cost airline AirAsia with Airbus for 100 more A320 Family aircraft. The order is estimated to be valued at $9.4 billion at list price.

The contract covers an additional 64 A320 neo and 36 A320 ceo aircraft for operation across the carrier's network. The order was announced during a visit by British Prime Minister David Cameron to the Airbus wing manufacturing facility at Broughton in the UK.

The contract reaffirms AirAsia's position as the largest A320 Family airline customer in the world, EADS said. The carrier has now ordered a total of 475 single aisle aircraft from Airbus, comprising 264 A320 neo and 211 A320 ceo. Over 100 aircraft have already been delivered to the airline and are flying out of its bases in Bangkok, Kuala Lumpur, Jakarta, Manila and Tokyo.

According to EADS, the A320 Family is the world's best-selling and most modern single aisle aircraft Family. So far, more than 8,800 aircraft have been ordered and over 5,300 delivered to more than 380 customers and operators worldwide.

Tan Sri Tony Fernandes, Group Chief Executive Officer of AirAsia, said, "With these added aircraft, it goes in-line with our strategy to further build our already extensive network through new routes and added frequencies and allow AirAsia to maintain its market leadership."

EADS closed on Thursday in Paris lower by 0.58 percent at 29.24 euros on a volume of 1.58 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT