Airbus bags US$3.8b US deal; sale to Saudi Flynas imminent, say sources

London

AIRBUS Group SE won an order for 35 A320-series jets from US leasing firm Aviation Capital Group, marking its first sale of 2017. The European company is also close to securing a major narrow-body deal from Saudi Arabian carrier Flynas, according to people familiar with the plan.

The contract with Aviation Capital, a unit of Pacific Life Insurance Co, is for 30 A320neo planes, the re-engined version of Airbus's single-aisle workhorse, together with two original A320 variants and three larger A321s. That values the deal at US$3.8 billion, based on list prices.