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Airbus, Boeing book big orders from aircraft leasing firm
Published in Saudi Press Agency on 08 - 03 - 2011

Akhir 03, 1432 H/March 8, 2011, SPA -- The world's largest aircraft leasing company, US-
based ILFC, locked in large orders on Tuesday from competing
manufacturers Airbus and Boeing, according to dpa.
Airbus got the largest order with a reservation for 100 medium-
range passenger jets. ILFC signed up for aircraft from Airbus'
recently unveiled A320 New Engine Option, a redesigned line known in
the industry as A320neo and due for delivery starting in 2016.
The A320neo order has a value of 9.4 billion dollars at list
price, though significant discounts are typical for large contracts.
Meanwhile, ILFC cancelled its order for 10 of the French-based
manufacturer's double-decker, superjumbo A380s, citing the airline
industry's increased demand for smaller aircraft. The massive jets
have a list price of 375 million dollars each.
At list prices, the bottom line of the new order and the
cancellation would be an additional 5.6 billion dollars in sales for
Airbus.
ILFC also announced an order from US-based Boeing, Airbus' chief
rival, for 33 medium-range 737-800s, which would be worth 2.6 billion
dollars at list price. Like the A320neo line, the 737-800 is a
single-aisle, narrow-bodied jet, but ILFC's Boeing order is due for
delivery in 2012, four years ahead of the Airbus aircraft.
The aviation and aerospace industries have enjoyed a post-
recession resurgence amid rebounding tourism and business travel.
Earlier Tuesday, state-run flagship carrier Air China said it had
agreed to buy five Boeing 747-8 wide-bodied passenger planes with a
list price of 1.54 billion dollars. The jumbo jets, which can be
fitted with up to 500 seats, are due for 2014-15 delivery.
Boeing on Tuesday said it had also won a commitment from Hong Kong
Airlines to buy 38 aircraft: six 777 cargo planes, 30 787-9s and two
luxury 787-8s.


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