Airbus wins easyJet contract over rival Boeing

 
Suzie Neuwirth

AIRBUS scored another victory from the Paris Air Show, after easyJet announced today that it has ordered 135 aircraft from the European manufacturer in a deal worth over £7bn.

The budget airline has agreed to acquire 35 A320 planes for delivery between 2015 and 2017 and 100 A320neo for delivery from 2017 until 2022.

As City A.M. reported yesterday, Airbus secured orders worth £11.6bn on the first day of the Paris Air Show, beating rival Boeing’s £3.87bn.

“Both Airbus and Boeing offered us new generation aircraft that met our requirements and offered greatly improved fuel efficiency,” said easyJet chief executive Carolyn McCall.

“Ultimately, Airbus offered us the best deal, and at a price with a greater discount to the list price than their landmark fleet purchase with easyJet in 2002.”

Credit Suisse Securities is acting as sponsor and joint broker to Airbus, and Nomura is acting as joint broker.