Airbus, Boeing bag large orders

AIRBUS   BOEING   MANUFACTURING   AVIATION

Global – Airbus has secured an order for 100 single-aisle jets, while rival Boeing bagged deals from Hong Kong Airlines and Air China.

Airbus has reached a preliminary agreement with International Lease Finance Corporation for the sale of 75 Airbus A320neo and 25 A321neo jets. According to NYTimes, the jets will use up to 15% less fuel with lower operating costs compared to its predecessor. It will also be more environmentally friendly with a reduced level of greenhouse gases emitted.

The deal is estimated to be valued at US$9.5 billion. However, Airbus has been dealt a blow with the leasing company’s cancellation of its prior purchase of 10 A380 superjumbo jets.

Meanwhile, Hong Kong Airlines has placed a preliminary order of 38 Boeing planes, worth up to US$8.5 billion in list prices.

In addition, Air China has signed an agreement with the jet maker to purchase five new 747-8 Intercontinental jets.

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