Saturday 10 December 2016

Dublin firm a big buyer at air show

Andrea Rothman, Julie Johnsson and Christopher Jasper

Published 12/07/2016 | 02:30

An Airbus A380 aircraft on landing approach over a local suburban street at the world’s biggest airshow, in Farnborough
An Airbus A380 aircraft on landing approach over a local suburban street at the world’s biggest airshow, in Farnborough

Standard Chartered's Dublin-based leasing arm was among the big buyers at the annual Farnborough Airshow.

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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)

Irish Independent

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