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
Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the third quarter, driven largely by revenue growth, especially at Amazon Web services. However, shares of the online retailer dropped nearly 5 percent in extended session after its profit fell short of Wall Street estimates. The midpoint... Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported a jump in third-quarter profit, largely driven by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations. Alphabet's third-quarter profit rose to $5.06 billion... Despite scandals and the negative impact from last decade's financial crisis, some of the world's largest banks have emerged stronger than before. According to the latest list from Relbanks.com, Chinese banks continued to dominate the global rankings in 2016 for the biggest banks by assets. However,...
comments powered by Disqus
Follow RTT