United Drops $1.08 Billion of Airbus Orders in Jet Shift
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United Continental Holdings Inc., the world’s second-biggest airline, canceled orders for 12 Airbus SAS single-aisle planes valued at about $1.08 billion that the carrier said were no longer needed.
The move affects six Airbus A319s and six A320s, Christen David, a spokeswoman for Chicago-based United, said today by e-mail. The A319s have a list price of $85.8 million each, while the A320s retail for $93.9 million, according to an Airbus statement yesterday. Airlines typically buy at a discount.