Air show fuels hope of better days for airlines
FARNBOROUGH, England – Airbus says that Latin America's LAN Airlines has announced its intention to buy 50 A320 family aircraft with a catalog price of $4.2 billion.
The plane maker says a memorandum of understanding was signed Tuesday at the Farnborough International Airshow and if firmed up would be the largest single airline order for Airbus in Latin America. The commitment includes 10 A321s.
Airlines often negotiate substantial discounts to list prices.
The deal is part of an optimistic start for the show that has fueled hope that the worst is past for airlines.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
FARNBOROUGH, England (AP) — French-Italian regional turboprop manufacturer ATR says it has agreed sales worth $663 million at catalog prices with Brazilian carrier Azul Linhas Aereas and Air Lease Corp.
The orders announced on Tuesday at the Farnborough International airshow were for 30 ATR 72-600 turboprops.
ATR also announced a deal to sell six ATR 72-500s worth $128 million, but did not disclose the buyer.
The flurry of orders from airlines and leasing companies for new aircraft at Farnborough — now totaling more than $20 billion — is raising hopes that the industry is emerging from a deep two-year downturn