Airbus Industrie orders bring potential £860m windfall for BAe

Airbus Industrie has announced orders and options for 146 aircraft worth £4.31bn from last week’s Paris Airshow. This includes 93 firm orders and 53 commitments. As a 20% shareholder in Airbus, British Aerospace stands to make over £860m from the orders. The deals include a 60-aircraft order from Los Angeles-based International Lease Finance Corporation (ILFC), […]

Airbus Industrie has announced orders and options for 146 aircraft worth £4.31bn from last week’s Paris Airshow. This includes 93 firm orders and 53 commitments.

As a 20% shareholder in Airbus, British Aerospace stands to make over £860m from the orders. The deals include a 60-aircraft order from Los Angeles-based International Lease Finance Corporation (ILFC), which increases its total orders to 342 Airbus aircraft.

The ILFC deal also includes the first firm order for the newly launched A318, of which ILFC will take 30.

Deliveries start in the last quarter of 2002 and could be worth up to £675m.

In other deals done at the show, AirFinance is to buy 30 A320s; SALE of Singapore is to buy 20 A320s and three A321s; and AirLanka has ordered three A330-200s.

US airline Northwest Airlines is to convert options on 30 A320-family airliners into firm orders, with deliveries starting in January 2002.