Airbus wins first order of the year, selling 35 jets to US leasing firm

European plane maker signs deal with Aviation Capital Group to sell 30 A320neos and three A321s plus two original A320s and is closing in on a big order from China.

An Airbus A320neo  at the ILA Berlin Air Show in Schoenefeld, Germany. A US leasing company is buying 30 of the jets, plus five others, costing $3.8 billion at list prices. Hannibal Hanschke / Reuters
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Airbus has won an order for 35 jets from the US leasing firm Aviation Capital Group, marking its first sale of 2017.

The contract with Aviation Capital, a unit of Pacific Life Insurance, is for 30 A320neo planes, the re-engined version of Airbus’ single-aisle workhorse, together with two original A320 variants and three larger A321s. That values the deal at US$3.8 billion, based on list prices.

Aviation Capital also has an option to take 10 further A320neos. Including those it has now ordered 158 A320-family jets, 66 of which have yet to be delivered, the Newport Beach, California-based company said.

Airbus is also close to securing a deal for 42 narrow-body jets from the leasing unit of China’s Bank of Communications, Reuters reported, citing industry sources, saying the contract could be announced today when the plane maker reveals its 2016 order and delivery tallies.

Airbus has previously included some contracts announced in January in its December numbers, giving a final boost to its tallies. Other late deals could include sign-off on a 72-plane transaction with India’s GoAir, according to Reuters.

* Bloomberg

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