Airbus re-sells six jets built for AirAsia, denting surplus

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Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress ...

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PARIS: Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress in reducing a surplus of jets left by the coronavirus crisis, industry sources said.

It has now found alternative homes, with the last to be handed to its new operator this month, a European industry source told Reuters. Airbus provided no comment. It said last month it had reduced an overhang of jets that it had been unable to deliver during the crisis by 10 units to 135 jets. The redeployment of AirAsia aircraft is expected to trim the surplus further as deliveries top output in November.Airbus is seeing strong demand, relative to the rest of the battered sector, for its A321neo jet and the aircraft has broadly sustained its value, the European source said. It is sticking with plans to increase output of the single-aisle jets.

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