Economy

Airbus signs deals for over 360 aircraft during four day Paris Airshow

Airbus signs deals for over 360 aircraft during four day Paris Airshow

Indigo Partners has major stakes in the three airlines.

"Air cargo is an important part of our overall business and the introduction of these new Boeing 777 Freighters will play an integral role in our long-term growth strategy", said China Airlines chairman Hsieh Su-Chien. But it jolted Airbus which was caught unawares after signing a smaller order for A321XLRs with IAG.

Saudi Arabian Airlines, the kingdom's national airline, said on Tuesday it had ordered 65 A320neo-type aircraft from Airbus, worth more than $7.4 billion at list prices, giving an early boost to the European manufacturer at the Paris Air Show. "Starting from 2023, the aircraft will deliver an unprecedented "Xtra Long Range" of up to 4,700nm - 15% more than the A321LR and with the same unbeatable fuel efficiency".

SAUDIA operates a fleet of more than 150 narrow and widebody aircraft, including 100 Airbus A320 family and A330s.

The company's CEO, Guillaume Faury, told CNN in a statement that "we're giving the market what it's asking for. the A321XLR is the longest range single aisle aircraft - available now".

Challenger airlines such as JetBlue will drive prices lower, especially in premium business class cabins, while the A321XLR's extended range - pegged at "up to 4,700nmi" or 8,700km - will also add further-field destinations such as NY to continental Europe.

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An Airbus A350-1000 takes off for a flying display at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 20, 2019.

In a Paris Air Show that is still in shock after IAG's massive order of 200 Boeing 737 MAXs.

The shock announcement came midway through the exhibition and helped Boeing clear some of the gloom surrounding the 737 Max by instilling a measure of confidence in its future.

Airbus said that it had ensured maximum commonality with the A320neo family of planes, with changes focused on extending the range.

Airbus will fit the A321XLR with the same Airspace cabin as the twin-aisle A330neo and A350 jets - a package combining a quieter cabin, LED lighting and larger overhead storage bins.

Australia's Qantas Airways said on Wednesday it would order 10 Airbus A321XLR jets and convert a further 26 from existing orders already on the planemaker's books.