Airbus secures $5.4 bn contract from JetBlue for A220-300 jets

11 July, 2018 2:12 AM

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Airbus secures $5.4 bn contract from JetBlue for A220-300 jets

US airline JetBlue has signed a deal to purchase 60 A220-300 jets at a catalogue price of USD 5.37 billion, European aircraft maker Airbus has said. "JetBlue became the first customer for the newly-rebranded Airbus A220 aircraft, signing a memorandum of understanding for 60 firm orders for the larger A220-300 model," Airbus said in a statement yesterday.

The announcement came just a few hours after the planemaker received delivery of its first A220-300 jet, formerly the C series of the Canadian aircraft manufacturer Bombardier.

Last year, Airbus bought a majority stake in production of Bombardier's narrow-body 100 to 150-seater planes.

Airbus and Bombardier joined forces in a bid to take on US archrival Boeing.

In addition, JetBlue "converted 25 of its current orders for Airbus A320neo aircraft into orders for the larger A321neo. JetBlue's A321neos and A220s will be powered by Pratt & Whitney GTF engines," Airbus said.

Also read: TechnipFMC wins order from HPCL

Source: moneycontrol.com

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