Airbus to receive orders of $9.2 billion on the first day of the Farnborough Air Show


Farnborough - Airbus received $9.2 billion of orders from Asian airline operators on the first day of the year’s biggest air show. Asian airlines continue to grow their fleets to meet the increasing demand for air travel in the region.

Taoyuan-based Taiwanese startup StarLux Airlines, which will be fully operational in 2020, announced today that it had placed an order for 12 A350-1000 and five A350-900s valued at $6 billion at list prices. Sichuan Airlines to purchase 10 A350-900 as well.

Besides the above two deals, the European aerospace giant is in talks with AirAsia Group to sell $23 billion worth of aircraft to AirAsia, the continent’s biggest budget carrier. No deal has been reached yet. The sale is expected to be announced during the Farnborough Air Show, but representatives from Airbus and AirAsia declined to comment. The Malaysian airline is already the second-biggest customer of Airbus with an order for 100 A321neo aircraft,

The Asia-Pacific region is likely to have 3.5 billion passengers by 2036, more than double the projection for North America and Europe combined. Airbus said that increasing the production rate is among the most significant challenges as the current production rate fails to keep pace.