Airbus Wins $16.9 Billion in Orders at Farnborough Airshow

By Michael Acampora on 12 July 2012
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Airbus Pavilion at the Farnborough Air Show

Airbus will finish the week at the 2012 Farnborough International Air Show with $16.9 billion in orders for a total of 115 aircraft.

Cathay Pacific Airways placed orders for ten A350-1000s, and changed their previous orders for 16 A350-900s to the newer, larger model. The airline’s order is valued at $4.2 billion based on current list prices.

CIT Group ordered ten upgraded A330s for $2.3 billion. The upgraded A330s offer 400 nm greater range and five tons more payload capacity than the previous version. In addition, Synergy Aerospace placed an order for six A330-200s and three A330 freighters.

Airbus also received $8.4 billion in A320 orders, including 57 for its current engine option. Among the A320 orders was a Memorandum of Understanding (MoU) from China Aircraft Leasing Company (CALC) for 36 new CEO-style aircraft. UTair also ordered 20 A321s for $2 billion.

The brand new A320neo, currently in production, also received 29 orders from Avolon, Middle East Airlines, and Arkia Israel Airlines.

“The quality of orders at Farnborough has been high at the show, with significant endorsement from leading customers of our strategy to continuously innovate and improve our products,” said Fabrice Brégier, Airbus’s Chief Executive Officer. “With the recent announcement last week to build an A320 production line in America, coupled with the start of production for the A320neo in Toulouse, Airbus is cementing its leading global position.”

Accura News

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