Airbus May Get $5.5 Bn Order From Jet Airways…Check Details!

Airbus is likely to get an aeroplane order of $5.5 billion from Jet Airways India. This will give the European aircraft maker a strong hold in the rapidly advancing aviation market. Some people in the confidential meetings said that discussions for A320neo jets and A220 planes are ongoing. Boeing Co. and Embraer SA also are in talks but no decision has been taken. Though at sticker prices any transaction would be over $5 billion, reductions are not likely in huge purchases.

Representatives of Boeing and Airbus have abstained from responding to comment requests. Jet Airways got its flying license last month. It is the first time a carrier has been revived under a nation’s new bankruptcy laws. The flying permit verified the airline’s operational readiness, indicating transformation into a “new avatar with fresh funding, changed ownership, and new management.”

A Jet Airways representative said, “We are in final negotiations with lessors and OEMs for aircraft, and we will announce our aircraft choice and fleet plan once we have made a decision. We are studying all possibilities to find the one that works best for us.”