Dublin firm a big buyer at air show
Published 12/07/2016 | 02:30
Standard Chartered's Dublin-based leasing arm was among the big buyers at the annual Farnborough Airshow.
Asian airlines also provided a boost to the sector, as carriers from China to India stocked up on workhorse single-aisle jets.
Xiamen Airlines kicked off the action at the expo yesterday with an outline deal for 30 high-density Boeing 737 Max 200s worth $3.39bn (€3bn) at list prices.
Donghai Airlines followed up by saying it will buy 25 Max 8s valued at $2.75bn. Standard Chartered's leasing arm also ordered 10 current-generation 737-800s worth $960m that will be deployed in northeast Asia.
Malaysian discount giant AirAsia is poised to order as many as 100 Airbus A321neos valued at $12.6bn, and Go Airlines India is examining the purchase of 70 smaller A320neos worth about $7.5bn that could also come at the show, according to people familiar with their plans.
In the wide-body sector, billionaire entrepreneur Richard Branson's Virgin Atlantic Airways announced a long-awaited deal for Airbus's largest A350 model as it seeks to replace ageing A340s and Boeing 747 jumbos. (Bloomberg)