Airbus Wins China Southern Order for Bestselling A320 Family Jet
Airbus Group NV (AIR) won an order from China Southern Airlines (1055) Co. for 80 A320-family airliners, extending its foray in the world’s most populous country, where Airbus has a factory that churns out the single-aisle aircraft.
The order is for 30 A320 airliners with a classic engine, and 50 of the more advanced A320neo that comes with more fuel-efficient powerplants, according to Airbus. Based on current list prices, the order has a value of about $7.96 billion.
The single-aisle aircraft market forms the backbone of the global air-travel industry and is split between Airbus and Boeing Co. (BA) with its 737 model. Airbus has made its A320neo the fastest-selling jet in commercial aviation history as customers clamor for models that burn less fuel, the single-biggest expense for most airlines.
The A320 classic, which comes in different sizes, sells for $93.9 million in the mid-sized version, while the A320neo has a list price of $102.8 million. Customers typically get discounts. Delivery is set to begin in 2016, with some of the airliners coming off the Chinese final assembly line, Toulouse, France-based Airbus said.
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