Airbus Said in Talks With SMBC for 30 A320s Worth $3.2 BillionAndrea Rothman and Richard Clough
Airbus Group SE is in advanced talks to win an order for 30 A320neo jets from leasing company SMBC Aviation Capital, according to people familiar with the matter.
A successful deal, which is still being negotiated, would be valued at about $3.2 billion at list prices and could be announced at this week’s Paris Air Show, said the people, who asked not be identified discussing the matter before it is disclosed.
The A320neo is on offer to airlines with a choice of two engines, one by United Technologies Corp.’s Pratt & Whitney unit and the other by CFM International, a joint venture between General Electric Co. and France’s Safran SA.
Officials at Airbus declined to comment, while representatives of SMBC, which is owned by Japanese lender Sumitomo Mitsui Financial Group Inc. could not be reached outside normal business hours.
SMBC was formed after Sumitomo Mitsui bought Royal Bank of Scotland Group Plc’s aviation unit for about $7.3 billion. Based in Dublin, the unit has 110 A320neos in its fleet, according to its website.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.