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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’