Airbus Bags Jet Orders
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Geopolitical dynamics played a visible role in a major aircraft deal announced at the Paris Air Show, where Airbus (OTCPK:EADSF) (OTCPK:EADSY) secured a major order from Poland's LOT Polish Airlines and displaced longtime supplier Embraer (NYSE:ERJ) in the process,
Airbus has secured an order for 40 of its A220 planes from Polish national carrier LOT, winning a hard-fought contest with Brazil's Embraer. Including options, the deal could increase to up to 84 A220s,
The announcement was made by representatives from LOT and Airbus, accompanied by Polish Infrastructure Minister Dariusz Klimczak, during the Paris Air Show on Monday. "Modern, energy-efficient, and engineered with passenger comfort in mind, these planes ...
The new order will expand the fleets of both All Nippon Airways (ANA) and its low-cost subsidiary Peach Aviation. ANA will receive 14 of the A321neo aircraft, while Peach Aviation will take delivery of 10 A321neo and all three A321XLR jets, making Peach the first Japanese airline to operate the XLR variant.
Airbus sealed a landmark order for 40 A220 jets from Polish national carrier LOT on Monday, marking the airline’s largest-ever investment and signalling a broader reset in political ties between Poland and France.
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Airbus SE has been sounding out customers appetite for a longer version of its A220-300 jet that would give airlines more seating capacity but at the expense of range.
AviLease, which is backed by Saudi Arabia’s sovereign wealth fund, kicked off the show with an order for 30 A321 narrow-body aircraft, with options for 25 more, as well as 10 A350 freight planes and 12 options. Last month, it announced an order of 30 Boeing 737 Max jets during US President Donald Trump’s tour of the Middle East.
AviLease, a startup aircraft lessor in Saudi Arabia, is entering the air cargo market with an order for 10 large Airbus A350 cargo jets. Airbus announced the deal at the Paris Air Show on Monday. The deal brings total Airbus orders for the next-generation A350 freighter to 73.
Airbus SE has been sounding out customers appetite for a longer version of its A220-300 jet that would give airlines more seating capacity but at the expense of range.
CNBC's Phil LeBeau is joined at the Paris Air Show by Airbus CEO Guillaume Faury to discuss his outlook for the event, the development of a new A320 model, and the company's intention to ramp up production in the U.