Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 25, 2021

Airbus Extends U.S. Order Streak With Near $4 Billion Delta Deal

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Tiger Logistics (India) Ltd.
--
Nifty Top 20 Equal Weight
--
USD-INR
--
MSCI World
--
Pritika Auto Industries Ltd
--
Cons Discretionary Goods & Serv
--
Regency Investments Ltd.
--
BSE Industrials
--
Mukat Pipes Ltd.
--
Ajmera Realty & Infra India Ltd.
--
Baroda Extrusion Ltd.
--

Airbus SE secured another order in the U.S., a rare bright spot for jetliner sales, as Delta Air Lines Inc. announced a deal for 30 A321neo narrow-body jets that's the European planemaker's second-biggest this year.

The purchase, announced Tuesday, follows a 25-plane order from Delta in April and takes the Atlanta-based carrier's A321neo backlog to 155 aircraft set for delivery from 2022 through to 2027.

The latest contract, converted from purchase options, is worth almost $4 billion at list prices, though major carriers like Delta can get hefty discounts. 

Airbus is reaping orders in the U.S. after domestic flying rebounded almost to pre-pandemic levels, even as travel curbs limit plane demand in much of the rest of the world. The Toulouse, France-based company won a United Airlines Holdings Inc. order for 70 A321neos in June in its biggest deal of 2021.

Airbus booked 167 orders through July, excluding cancellations, compared with 630 at Boeing Co. The return to flying of the 737 Max, previously grounded after two fatal crashes, has spurred a slew of purchases at the U.S. firm, mostly from American buyers.

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search