Monday, March 24, 2014

Tiger orders A320neo jets

Tiger Airways, the budget carrier partly owned by Singapore Airlines, ordered 37 Airbus Group jetliners, canceling some existing orders as it opts for more fuel-efficient models. The order for single-aisle A320neo planes is valued at $3.8 billion and is for delivery between 2018 and 2025, the airline said in a statement to the Singapore stock exchange Monday. Manufacturers typically give discounts on list prices. The carrier has the option to increase the order by up to 13 aircraft and also to convert the model to a bigger variant. (Source: Bloomberg via Sydney Morning Herald, Reuters, 03/24/14) Gulf Coast note: To meet high worldwide demand, Airbus is building its fourth A320 final assembly line in Mobile, Ala., that will open in 2015 and produce its first plane in 2016.