Wednesday, January 29, 2014

VietJetAir to finalize Airbus order

Vietnamese carrier VietJetAir said it would finalize a $9 billion order for up to 92 Airbus aircraft next month as it seeks to tap into Southeast Asia's fast growing low-cost market dominated by AirAsia Bhd and Lion Air. In September, privately owned VietJetAir and Airbus agreed to a provisional order for mostly A320 planes, but the deal did not show up on the order book of Airbus in its 2013 data. (Source: Reuters, 01/28/14) Gulf Coast note: Airbus is building a final assembly line for A320s in Mobile, Ala. Previous: Airbus inks more orders, Airbus beats Boeing in sales