Deals

Airbus Near $29 Billion in Deals With Asian Carriers

Budget carrier AirAsia is said to weigh $23 billion jet order
Asian carriers are buying jets as economic growth fuels travel

Airbus is set for a blockbuster deal with AirAsia. Bloomberg’s Kyunghee Park reports.(Source: Bloomberg)

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By Benjamin D Katz

July 14, 2018 at 2:36 PM UTC

Updated on

July 16, 2018 at 2:44 AM UTC

This article is for subscribers only.

Airbus SE is closing in on $29 billion of deals with Asian carriers that are expanding their fleet because of surging travel demand in the region, according to people familiar with the matter.

The European manufacturer is working on a blockbuster agreement to sell $23 billion worth of aircraft to AirAsia Group Bhd., the continent’s biggest budget carrier, said the people, who asked not to be identified discussing private talks. Taiwanese startup StarLux Airlines confirmed a plan to buy wide-body A350 jetliners valued at about $6 billion. The deals are based on list prices and discounts are customary for bulk orders.