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Airbus lands $345M order
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May 19, 1997: 3:25 p.m. ET
European consortium will build jets for Singapore Airlines unit
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NEW YORK -- Airbus Industrie said on Monday that it had a firm order from a regional Singapore Airlines carrier unit to build at least eight jets that could be worth up to $345 million.
Under the deal, Airbus will manufacture the jets for regional carrier SilkAir. The airline will buy three 124-seat A319 aircraft and five 150-seat A320s and has options for an additional 10 aircraft.
Perry Flint, executive editor of Air Transport World magazine, estimated the list price of each A319 at $35-$40 million and the A320s at between $40-$45 million; however, most airlines receive a discount on the list price, he said.
Singapore Airlines is looking to replace its aging B373 fleet. The new jets are scheduled for delivery starting in September 1998.
The announcement came on the heels of another Asian Airbus deal signed last week. In that agreement, Airbus, along with several other European aerospace firms, will develop a 100-seat jet airliner to be assembled in China.
Airbus Industrie is a consortium consisting of French state-owned Ste. Nationale Industrielle Aerospatiale, British Aerospace Plc, Daimler-Benz Aerospace, a unit of Daimler-Benz AG and Construcciones Aeronauticas SA (CASA) of Spain.
From staff and wire reports
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