Share

EgyptAir expands fleet with 9 new Boeing 737s

Low-priced carrier AirAsia has ordered 200 more CFM LEAP-1A engines to power its 100 new Airbus A321neo aircraft which expects to deliver 15% fuel efficiency and reduction in carbon monoxide emissions.

Advertisement

But Airbus leads in orders at the worldwide air show thanks to an order for 100 A321neo jets valued at $12.6 billion at list prices from AirAsia. Airbus’ total at the end of Tuesday was 223 planes valued at $28.3 billion.

Air Europa orders 20 737 MAX 8s, worth $2.2 billion at list prices, previously attributed to an unidentified customer on Boeing’s website.

With this agreement, Kunming Airlines, an all-Boeing fleet customer in China, would become launch customer in China for the improved 737 MAX 7 airplane.

Ruili Airlines first announced an intent to order the six 787-9 Dreamliners in May at the ceremony for the airline’s two-year anniversary.

Boeing added that it has also finalised a deal to sell six 787-9 Dreamliners, worth $1.59 billion at list prices, to Chinese carrier Ruili Airlines. The AirAsia haul is the event’s biggest contract to date.

AirAsia, a pioneer in low-priced travel, has been a CFM customer for more than a decade.

“The Asia Pacific is going to account for at least a third of all aircraft demand over the next 20 years” based on planemakers’ forecasts, said Simon Elsegood, an analyst at CAPA Centre for Aviation in Sydney. According to Skúli Mogensen, founder and CEO of WOW he and his team are thrilled to be adding these brand new A321 aircraft’s to their fast growing fleet that averages 2.5 years now making it one of the youngest in the world.

Airbus confirmed an order from German airline Germania for 25 A320neos, worth $2.6 billion, confirming a Reuters report.

Airbus’ first day was marked by Richard Branson’s Virgin Atlantic Airways Ltd. signing a long-awaited deal for 12 A350-1000s valued at $4.4 billion, including four to be sourced from Air Lease Corp. By our count, the European plane maker had announced firm orders for 26 current and neo versions of the A320, 105 new orders for both versions of the A321, and three new orders for the A350-900.

The leasing arm of Standard Chartered Plc also bought 10 current generation 737-800s valued at $960 million it said were destined for “northeast Asia”.

The AirAsia deal may be announced as early as Tuesday, with at least some of the A321s set to provide a stepped-up service to India, said one of the people, who asked not to be identified because talks are ongoing.

“We love working with AirAsia and can’t wait to get the LEAP-1A into their fleet later this year”, said Chaker Chahrour, Vice President of Global Sales and Marketing for CFM parent company GE Aviation.

Airbus has delivered 193 of the A380s, which can carry more than 500 passengers.

The company said the plane will be needed to handle growing passenger traffic at congested airports.

Advertisement

Information for this article was contributed by Christopher Jasper, Julie Johnsson, Andrea Rothman, Nikita Mathur and Chris Reiter of Bloomberg News and by The Associated Press.

Airbus set for A350 boost with Virgin Atlantic deal