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Fri, Jun 21, 2013

Airbus Books Almost $70 Billion At Paris Air Show 2013

Over 460 Airbus Aircraft Orders & Commitments Across All Product Families

At the 2013 Paris Air Show, Airbus won $68.7 billion worth of business for a total of 466 aircraft, which shows the resilience of the commercial aviation industry. The deals comprise Memoranda of Understanding (MoU) for 225 aircraft worth $29.4 billion and firm purchase orders for 241 aircraft worth $39.3 billion.

The A320 Family, spearheaded by the A320neo, continues its success in the single-aisle market with 371 orders and commitments from six customers announced at the show, worth approximately $37.8 billion. Of these, 88 were for the A320ceo. A stand-out commitment during the show for the A320 Family was the announcement from easyJet for 100 A320neos plus 35 A320ceos – the winning result of a very intense competition. Another major endorsement for the A320 Family came from Lufthansa with the firming-up of 100 more aircraft. Additional A320 Family orders and commitments came from: Hong Kong Aviation Capital for 60; ILFC for 50; Spirit for 20; and Tunisia’s Syphax Airlines for three – significantly the first A320neo commitment from Africa.

Another star at Paris was the A350 XWB which flew for the first time on Friday 14th June 2013 and successfully completed its second flight on Wednesday 19th June. At the show this aircraft gained 69 more orders & commitments worth $21.4 billion from four customers on different continents. Air France-KLM placed a firm order for 25 A350-900s.

Meanwhile, Singapore Airlines, already a large customer for the type, returned to order 30 more A350-900s; United Airlines also placed an additional A350 order for 10 A350-1000s -- not only bringing its total A350 orders to 35, but also upgrading its previous order for 25 A350-900s to the larger A350-1000 model to replace its Boeing 777s. In addition, Sri Lankan signed a commitment for four A350-900s to complement an order for six A330-300s at the show.
 
At the top end of the product range, the flagship A380 received a commitment for 20 aircraft from the world’s third largest wide-body lessor, Doric Lease Corp, in a deal worth more than $8 billion. The contract with Doric is significant as it opens up a new, additional route to market for the A380, which is now available to airlines who wish to acquire the aircraft under the flexibility of an operating lease agreement. 

(Images provided by Airbus)

FMI: www.airbus.com

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