Saturday, October 28, 2023

flynas signs $3.7bn deal with Airbus for 30 planes

Date:

Saudi Arabia’s budget airline, flynas, has signed a $3.73 billion agreement with Airbus to buy 30 aircraft, including 10 A321XLRs. The deal was signed at the Paris Air Show by flynas CEO and managing director, Bandar Al-Mohanna, and Christian Scherer, Airbus chief commercial officer and head of international. The purchase will enable flynas to reach new long-haul destinations across its route map. The airline’s fleet currently consists of 21 A320neos, 13 A320ceos, and four A330-300s. The A320neo Family is known for its operational performance and environmental benefits, making it the preferred choice of airlines worldwide.

IndiGo, the Indian airline, also signed a record 500-plane deal with Airbus on the first day of the air show. The world’s largest air show is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. French President Emmanuel Macron flew in to the packed aerospace bazaar by helicopter and watched a flying demonstration including Airbus’ latest jet development, the A321XLR, and air power including the French Rafale fighter.

The civilian side of the air show saw plane makers arrive with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Industry executives say as many as 2,000 jet orders are up for grabs worldwide in a resurgent commercial jet market, on top of those provisionally announced already, as airlines try to fill a void left by sharp falls in activity in the COVID-19 crisis.

On the defense side, France’s Thales announced a contract from Indonesia for 13 long-range air surveillance radars. Looking ahead to the rest of the show, Airbus is expected to confirm that Qantas is exercising options for nine more A220s, as announced by the airline this year. The plane maker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

The number of planes being discussed was more than 100, they said, though by Monday some sources said the number in the final deal could settle closer to 60. The Mexican carrier has long been a fierce battleground between Boeing and Airbus.

Saudi Arabia’s budget airline flynas signs $3.73 billion agreement with Airbus

Saudi Arabia’s budget airline, flynas, has signed a $3.73 billion agreement with Airbus to buy 30 aircraft. The deal was signed at the Paris Air Show by flynas CEO and managing director, Bandar Al-Mohanna, and Christian Scherer, Airbus chief commercial officer and head of international. The purchase will enable flynas to reach new long-haul destinations across its route map. The airline’s fleet currently consists of 21 A320neos, 13 A320ceos, and four A330-300s.

The A320neo Family is known for its operational performance and environmental benefits, making it the preferred choice of airlines worldwide. The agreement includes 10 A321XLRs, which will join flynas’ existing fleet. Between January and the end of this year, 19 A320neos would have been added to the operator’s fleet. Four have already been delivered in 2023 alone.

IndiGo signs record 500-plane deal with Airbus

IndiGo, the Indian airline, signed a record 500-plane deal with Airbus on the first day of the air show. The world’s largest air show is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. French President Emmanuel Macron flew in to the packed aerospace bazaar by helicopter and watched a flying demonstration including Airbus’ latest jet development, the A321XLR, and air power including the French Rafale fighter.

Airbus expected to confirm Qantas deal

Airbus is expected to confirm that Qantas is exercising options for nine more A220s, as announced by the airline this year. The plane maker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday. The number of planes being discussed was more than 100, they said, though by Monday some sources said the number in the final deal could settle closer to 60. The Mexican carrier has long been a fierce battleground between Boeing and Airbus.

Growing demand expectations at the Paris Air Show

The civilian side of the air show saw plane makers arrive with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Industry executives say as many as 2,000 jet orders are up for grabs worldwide in a resurgent commercial jet market, on top of those provisionally announced already, as airlines try to fill a void left by sharp falls in activity in the COVID-19 crisis.

Defense side of the Paris Air Show

On the defense side, France’s Thales announced a contract from Indonesia for 13 long-range air surveillance radars.

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