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March Jul 17, 2018 – 5:50 AM
London
AIRBUS SE Signs US $ 29 Billion Contracts With Asian Carriers Expanding Their Fleet Due To Strong Travel Demand In The Region, According To The Builder European is working on a blockbuster deal to sell US $ 23 billion of aircraft to AirAsia Group Bhd, the continent's largest budget carrier, said sources, who asked not to be identified discussing private talks. Taiwan start-up StarLux Airlines has confirmed its intention to buy A350 jumbo jets worth about $ 6 billion. Offers are based on list prices, and discounts are typical for bulk orders.
AirAsia orders are still subject to final negotiations, the sources said. Although no agreement has been reached, the parties are close enough so that at least part of the sale can be announced at the Farnborough Air Show outside London, the largest exhibition commercial of the industry this year. The second largest client of the reorganized Airbus A320 is reorienting an order for 100 A321neo aircraft, according to people close to the talks. AirAsia is about to agree to order another 34 A330neo, which would bring its total backlog to 100.
The AirAsia stock jumped 2.6% at the highest level intraday level in nearly two weeks in Kuala Lumpur The purchase of A321neos catapulted AirAsia to India's Interglobe Aviation Ltd as the largest customer for the narrow jet of 39; Airbus, which extended the existing orders of the Malaysian carrier to 504 aircraft
. The decision to take over A330neos would reaffirm AirAsia's commitment to this wide-body program in the face of stiff competition with Boeing Co.'s 787 Dreamliner
The new aircraft would help the president. AirAsia Chief Executive Officer, Tony Fernandes, to sue Cheap Asian Airline. In India, he plans more domestic flights, while international operations are on the cards early next year. The AirAsia group also has a long-haul airline, AirAsia X Bhd, of which more than 20 destinations include Auckland, Tokyo, Sapporo, Chengdu, Shanghai, Melbourne and Honolulu.
StarLux said its chairman Chang Kuo-wei was to sign a preliminary deal on Monday to buy 12 A350-1000s and five of the smaller A350-900s. Deliveries are expected between 2022 and 2024.
The A350, the most successful new-generation full-size carrier of Airbus, rivals Boeing's 787 Dreamliner rival and the upcoming American 777X. The aviation portal Flight Global reported in March that StarLux, founded by former president of Eva Airways, Mr Chang, was in talks with both companies for planes that would have been used. it could use to service North America by 2021.
Airbus and Boeing ready to announce a series of orders at the Farnborough Air Show, which kicked off Monday. While the A330neo Airbus is less popular than the A350, business activity is starting to recover.
This aircraft has an order book of 224 aircraft including 10 reserved last month from an unidentified customer to be unveiled at the show as Indonesian discount carrier Lion Mentari Airlines PT. BLOOMBERG
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