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Airbus seals $5.4 billion AerCap order
December 29, 2017
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PARIS: European planemaker Airbus sealed on Thursday a formal order from AerCap for 50 Airbus A320neo planes, in a deal worth an estimated $5.4 billion at list prices.

The companies said in joint statements that AerCap had exercised an option to buy the 50 planes, with deliveries starting from 2022.

Airbus and Boeing are pairing with smaller regional rivals to add sales at the lower end of their $100 billion-a-year commercial plane duopoly, but the two market leaders are also laying the foundation for a longer-term strategic contest against more powerful threats such as China.

Deals with their smaller cousins may give Airbus and Boeing more options when they develop the successors to the best-selling Boeing 737 and Airbus A320, perhaps allowing them to offer a trio of large jets coupled to a pair of smaller ones.

Sources also told Reuters this week that Airbus was drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo. Meanwhile, Morocco’s Royal Air Maroc has ordered four 787-9 Dreamliner aircraft from US aviation giant Boeing for delivery at the end of next year, the two companies said Wednesday.

The new aircraft, worth $1.1 billion at list price, would allow the flagship carrier “to expand its services, especially internationally”, a Boeing statement said.

The delivery “at the end of 2018” would bring to 60 the number of planes in the airline’s fleet, an official at the Moroccan flagship carrier told AFP.

“RAM has five Dreamliner 787-8s, but these new aircraft are more efficient and have greater autonomy,” the official added. Royal Air Maroc currently has around 3,220 employees, and serves a total of 80 destinations.

“Our ambition is to become the leading airline in Africa,” said Abdelhamid Addou, head of the Moroccan airline.

Morocco signed an agreement with Boeing in September 2016 to build a new hub for the US aerospace giant.

They agreed to create an industrial zone in the northern region of Tangier where suppliers and sub-contractors could operate.

Agencies

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