LE BOURGET, France (AP) — Airbus announced two firm orders from Vietnam Airlines and Philippines low-cost airline Cebu Pacific worth $1.8 billion on Tuesday, giving the European airline a boost at the Paris Air Show, which is overshadowed by recession and a slumping industry.
Airbus said Vietnam Airlines has ordered 16 Airbus A321 single-aisle jets worth $1.4 billion and pledged to buy two more A350-XWB planes.
The airline made a deposit and signed a memorandum of understanding for the two A350 planes, which falls short of a firm sale and means Airbus does not count the order in its overall tally.
Airbus also said Cebu Pacific has made a firm order for five single-aisle A320s worth a total of $385 million at list prices.
If Vietnam Airlines firms up the order for the A350s, the deal for 23 jets would be worth $2.3 billion at list prices.
Airlines often negotiate substantial discounts to catalog prices, particularly in tough economic times.
Airbus said Vietnam Airlines has ordered 16 Airbus A321 single-aisle jets worth $1.4 billion and pledged to buy two more A350-XWB planes.
The airline made a deposit and signed a memorandum of understanding for the two A350 planes, which falls short of a firm sale and means Airbus does not count the order in its overall tally.
Airbus also said Cebu Pacific has made a firm order for five single-aisle A320s worth a total of $385 million at list prices.
If Vietnam Airlines firms up the order for the A350s, the deal for 23 jets would be worth $2.3 billion at list prices.
Airlines often negotiate substantial discounts to catalog prices, particularly in tough economic times.
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