Airbus closes 2017 with order spree

Airbus closes 2017 with order spree

Airbus is finishing off 2017 with four new orders, totalling 225 aircraft, and has finalised previously announced deals for 480 A320 family aircraft.

Over the last ten days, Airbus has signed agreements with Delta for 100 A321neos, Pegasus Airlines for 25 A321neos, AerCap for 50 A320neos and CALC for 50 A320neos. This wave of orders closes off 2017 on a high for Airbus and its current COO, customers John Leahy who will be leaving the company in January.

The new orders round off a year of controversy and investigations on a more positive note for the company, with its stock price climbing to an all time high this December.

Alongside this, Airbus has also finalised its 430 A320neo family order with Indigo – one of the biggest in aviation history – and its Viva Air order for 50 A320s.

Silver Linings

Airbus has been at the brunt of controversy this year. It is under investigation by the French financial prosecutor the Parquet National Financier and it recently opened up its own internal investigation that led to a an unexplained €16m payment.

These also follow on from a UK Serious Fraud Office investigation which started in August 2016.

With Leahy’s term at Airbus coming to a close, securing one of the biggest single orders of aircraft and netting a further 225 orders in one month will mean he leaves on a high.

The orders could also push Airbus ahead of Boeing for net orders in 2017.

Boeing’s net orders for 2017 is sitting at 844 as of 19 December. Airbus securing these December orders could potentially push its net orders for 2017 above 1,000 – Reuters claims.

 

 

Alex Baldwin
By Alex Baldwin December 29, 2017 17:41