Bloomberg News

Airbus Wins China Southern Order for Bestselling A320 Family Jet

May 16, 2014

Airbus Group NV (AIR) won an order from China Southern Airlines (1055) Co. for 80 A320-family airliners, extending its foray in the world’s most populous country, where Airbus has a factory that churns out the single-aisle aircraft.

The order is for 30 A320 airliners with a classic engine, and 50 of the more advanced A320neo that comes with more fuel-efficient powerplants, according to Airbus. Based on current list prices, the order has a value of about $7.96 billion.

The single-aisle aircraft market forms the backbone of the global air-travel industry and is split between Airbus and Boeing Co. (BA:US) with its 737 model. Airbus has made its A320neo the fastest-selling jet in commercial aviation history as customers clamor for models that burn less fuel, the single-biggest expense for most airlines.

The A320 classic, which comes in different sizes, sells for $93.9 million in the mid-sized version, while the A320neo has a list price of $102.8 million. Customers typically get discounts. Delivery is set to begin in 2016, with some of the airliners coming off the Chinese final assembly line, Toulouse, France-based Airbus said.

To contact the reporter on this story: Benedikt Kammel in Berlin at bkammel@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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