Military
Airbus Triumphs Over Boeing in India, Takes $26 Billion Order for 250 New Jets
Published:
Last Updated:
The A320neo (new engine option) is Airbus’s re-engined version of its A320, a single-aisle, narrow-body passenger jet that is a direct competitor to Boeing Co.’s (NYSE: BA) venerable 737 and its new 737 MAX. This is the second large order announcement for Airbus since last Friday, when a Chinese aircraft leasing firm ordered 70 of the current model A320ceo (current engine option) in a deal worth about $7 billion at list prices.
IndiGo already owns a fleet of 83 A320-200s and had a clear preference for adding more Airbus planes to its fleet. The airline has previously placed orders with Airbus for a total of 180 A320neo and 100 A320ceo jets.
The airline is lining up a $400 million initial public offering, according to a report from Bloomberg News, and Wednesday’s announcement strengthens the airline’s public perception as a company that will be in business for a long time. IndiGo’s goal is to build a fleet of 1,000 jets to accommodate the expected growth in India’s domestic demand for air travel.
Airbus stock was trading down about 2% in Paris Wednesday morning, at €45.00 in a 52-week range of €41.61 to €57.33.
Boeing stock closed up 1.53% on Tuesday, at $122.29, and was inactive Wednesday morning. The stock’s 52-week range is $117.87 to $144.57.
ALSO READ: Boeing’s 20-Year Forecast Tops Airbus
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.