Airbus beats Boeing to land 100-plane deal at Paris air show

Airbus won an order for 100 aircraft from Air Lease Corp, one of the world's most closely watched jet purchasers.

by
    (Left to right) Steven Udvar-Hazy, Air Lease executive chairman, Christian Scherer, Airbus CCO, John Plueger, Air Lease CEO [Photo: Airbus handout]
    (Left to right) Steven Udvar-Hazy, Air Lease executive chairman, Christian Scherer, Airbus CCO, John Plueger, Air Lease CEO [Photo: Airbus handout]

    Airbus SE kicked off the biennial Paris air show winning an order for 100 narrow-body aircraft from Air Lease Corp., including an all-new longer-range variant of the best-selling A320 family.

    The order includes 27 A321 XLR, a model that was unveiled Monday, 23 A321neos and 50 of the A220 jetliner that Airbus acquired from Bombardier Inc. The list price of the baseline A321 is $129.5 million, while the smaller A220 goes for as much as $91.5 million, valuing the total order at $11 billion before customary discounts.

    The contract marks an important win for Airbus because of the significance of the two models. The XLR is a version of Airbus's workhorse A320 family aimed at the middle-of-the-market segment that rival Boeing Co. is also eyeing with its New Mid-market Airplane still in development. Airbus is also trying to build up the order pipeline for the A220, formerly called the C Series jet.

    Other potential customers of the XLR include JetBlue Airways Corp. and Norwegian Air Shuttle ASA.

    An order from Air Lease provides the A220 with a seal of approval from one of the world's most closely watched jet purchasers. Steven Udvar-Hazy, Air Lease's founder and chairman, has been nicknamed the "godfather" of aircraft leasing for his role in founding the industry.

    SOURCE: Bloomberg