AirAsia reaches deal to restructure Airbus jet order -sources

AirAsia reaches deal to restructure Airbus jet order -sources

17/9/2021 7:35:00 PM

AirAsia reaches deal to restructure Airbus jet order -sources

PARIS :Malaysia's AirAsia has reached a deal with Airbusto restructure an outstanding order for hundreds of A320-family passenger jets, industry sources said on Friday.Asia's largest low-cost airline group is one of the European planemaker’s biggest customers but deliveries to the airline have been disrupte

PARIS :Malaysia's AirAsia has reached a deal with Airbusto restructure an outstanding order for hundreds of A320-family passenger jets, industry sources said on Friday.Asia's largest low-cost airline group is one of the European planemaker’s biggest customers but deliveries to the airline have been disrupted in the wake of the coronavirus crisis.

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The AirAsia deal does not involve cancelling the roughly 400 jets on order but includes a new delivery schedule and price cuts or other improvements in terms, the sources said.Airbus declined comment, while AirAsia did not immediately reply to a request for comment.

The agreement caps intense negotiations between AirAsia and Airbus after steadily worsening relations had cast a pall over one of the industry’s closest pairings.AirAsia said last year it would stop taking deliveries of all Airbus jets and review remaining orders. headtopics.com

Industry sources said it had also stopped sending progress payments to Airbus, prompting the planemaker to suspend plans to produce jets on order pending the new restructuring deal.(Reporting by Tim Hepher; Editing by Sudip Kar-Gupta and Louise Heavens)

Read more: CNA »

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AirAsia has reached deal to restructure Airbus jet orderPARIS: Malaysia\u0027s AirAsia has reached a deal with Airbus to restructure a large outstanding order for A320-family passenger jets, industry sources said on Friday (Sep 17). Asia’s largest low-cost airline group is one of the European planemaker’s biggest customers but deliveries and progress payments ha

AirAsia has reached deal to restructure Airbus jet orderPARIS: Malaysia\u0027s AirAsia has reached a deal with Airbus to restructure a large outstanding order for A320-family passenger jets, industry sources said on Friday (Sep 17). Asia’s largest low-cost airline group is one of the European planemaker’s biggest customers but deliveries and progress payments ha

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