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Airbus confirms $9.2bn worth of aircraft orders

The France-based Aeronautics company, Airbus SE, has confirmed $9.2bn worth of total orders from Asian carriers, Bloomberg reports.

The announcement on Monday (16 July) at the Farnborough Airshow, the largest trade exhibition of the year, has seen Asian carriers increase their fleets in order to meet the growing demand for air travel in the area.

A deal valued at $6bn has been agreed between StarLux Airlines, based in Taiwan, and Airbus with the Taiwanese startup confirming plans to purchase 12 A350-1000 aircrafts in addition to five smaller A350-900s.

It has also been announced that Shichuan Airlines will acquire 10 of the widebody planes with each A350-900 set to cost approximately $317.4mn which takes the total figure to $9.2bn.

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It is believed that the firm is preparing to sell $23bn worth of aircraft to the continent’s biggest budget carrier, AirAsia.

As predicted by the International Air Transport Association, Asia Pacific is anticipated to have 3.5bn passengers by 2036, double the projected figures for North America and Europe combined.

Airbus confirmed that with production struggling to keep up, reducing the backlog of 7,100 planes remains one of the greatest challenges.

This news follows last week’s announcement of a joint venture between the French company and US-based Boeing after the two firms revealed plans to combine the orders of 19 jets from Vistara.