Check Didn't Hit The Bank Until New Year
Dublin-based aircraft lessor AWAS has signed a firm contract for
75 A320 Family aircraft, bringing its Airbus portfolio to a total
of 145 planes, comprising single aisle and long-range aircraft.
The order marks the first new order for Airbus in 2008 --
meaning it won't count towards its 2007 sales total, or potentially
aid the European planemaker in surpassing American rival Boeing for
top sales honors. As ANN reported last week,
Boeing announced net orders of 1,413 planes in 2007... and Airbus
is expected to come very close, or even surpass, that number when
its figures are announced next week.
The AWAS order was signed December 22, Airbus sales guru John
Leahy told The Wall Street Journal, but the initial payment didn't
hit the bank until this month... meaning the order will count
towards Airbus' 2008 numbers.
The planes are valued at $6.9
billion based on list prices, and includes options on 25 additional
frames. It's likely AWAS received a big price break for the
The third-largest aircraft leasing company in the world, AWAS
has a diversified selection of commercial aircraft that includes a
mix of Airbus and Boeing planes. AWAS also signed a contract for 31
Boeing 737-800s last month.
"This transaction represents a natural extension of the new
aircraft order stream that we acquired in 2007 through the
acquisition of Pegasus Aviation Finance Company," said Franklin L.
Pray, AWAS President and CEO. "Consistent with our long-term
strategy, this deal further diversifies our fleet and allows AWAS
to meet current and future demand from our customers for highly
fuel efficient and environmentally friendly aircraft," he
"Having AWAS, one of the most respected and leading aircraft
operating lease enterprises, expanding its portfolio with A320
Family aircraft, confirms that this aircraft family continues to be
very much in demand and meets current and future market needs,"
said Leahy. "The technological leadership, the superior, larger and
more comfortable cabin as well as the increased storage volume
contribute to making it the benchmark single-aisle aircraft