Airbus says leasing company AerCap signs letter of intent to buy 70 A320s |

Airbus says leasing company AerCap signs letter of intent to buy 70 A320s

PARIS – Aircraft leasing company AerCap has signed a letter of intent to buy 70 of Airbus’ A320 family of single-aisle commercial jets, the European aircraft maker said Wednesday.The value of AerCap’s order was not disclosed. Based on Airbus’s catalog price of about $64 million for an A320, the order would be worth $4.48 billion. But buyers of multiple planes often get discounts.AerCap, formerly known as debis AirFinance, was recently taken over by Cerberus Capital Management LP.Airbus didn’t give a breakdown of the aircraft AerCap wants to buy.The A320 family of four aircraft – that share the same cockpit, fly with the same operating procedures, and have the same cabin cross-section and systems – ranges from the 100-seat A318 to the 185-seat A321.AerCap previously ordered 31 Airbus A320 aircraft in 1998.The AerCap order brings to 157 the number of aircraft orders announced by Airbus during the Dubai Air Show, Airbus said in a separate press release.The order total includes 22 commitments for A350 jets that Airbus has started making and will deliver to customers from 2010 onwards. The order tally for the A350 – which is directly targeted at Boeing Co.’s 787 – now stands at 155 aircraft, and Airbus reaffirmed that it expects this to rise to around 200 by the end of the year.Vail, Colorado

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