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Garuda Indonesia orders up to 30 Airbus jets
Garuda Indonesia airline is on a buying spree at the Paris Air Show
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Garuda Indonesia airline is on a buying spree at the Paris Air Show.
Airbus announced Monday that the Indonesian flagship carrier signed a letter of intent for 30 wide-body A350 jets, which could serve routes from Jakarta or Bali to Europe. If confirmed, the order would be worth up to US$9 billion at list prices, though airlines usually negotiate discounts.
Earlier Monday, Boeing announced a tentative order by Garuda Indonesia for up to 60 jets.
Asian carriers are expected to dominate global aircraft demand over the next two decades, with Boeing estimating that roughly two out of every five new planes will head to Asia.
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10:15 a.m. (0815 GMT; 4:15 a.m. EDT)
Airbus Defense and Space has flown an A400M military plane over thousands of viewers at the Paris Air Show, a month after a deadly crash that raised questions about the jet.
The cargo plane landed safely after the demonstration flight at the Le Bourget airfield outside Paris on Monday ' with French President Francois Hollande looking on. A French Rafale fighter jet also performed morning acrobatics.
Airbus says three of the four engines on another A400M failed before it crashed near Seville, Spain, last month, killing four people.
Five countries already have A400Ms, a costly and ambitious joint European project. Britain, Germany, Malaysia and Turkey grounded the plane after the crash, while France is only using it for urgent operations.
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9:50 a.m. (0750 GMT; 3:50 a.m. EDT)
Boeing has announced a tentative order from Indonesia's Garuda airline for up to 60 jets at the opening of the Paris Air Show.
The planemaker said Monday that Garuda signed a letter of intent to buy up to 30 its popular single-aisle 737 MAX and 30 of Boeing's 787-9 jets. The 60 jets, if confirmed, would cost 10.8 billion dollars at list prices, though airlines usually negotiate discounts.
Rival Airbus announced Monday that it has made a deal with Saudi Arabian Airlines to be the first airline to fly the Airbus A330-300 regional jet, redesigned for domestic and regional routes.
Thousands of people streamed into the world's oldest air show Monday from throughout the world's $700 billion aerospace and defense industry. (iik)(++++)
