Airbus to win $5bn order from US firm

City A.M. Reporter
INTERNATIONAL Lease Finance is set to place an order for 50 Airbus A320neo narrowbody jets worth $5bn (£3.2bn) at list prices, industry sources said yesterday.

The order by one of the world’s largest aircraft leasing companies could be announced as early as today at the Paris Airshow.

It lifts the Los Angeles-based firm’s portfolio of a revamped model of European medium-haul jet to 150 aircraft.

ILFC and Airbus both declined comment.

The deal allows ILFC to convert 50 options acquired when it placed a firm order for 100 of the fuel-saving jets in 2011. The company has yet to order the competing Boeing 737 MAX.