Military
Boeing, Airbus Orders Begin Rolling In at Paris Air Show
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Airbus has announced an order for 50 of its new A320neo single-aisle planes from International Lease Finance Corp. (ILFC), a subsidiary of American International Group Inc. (NYSE: AIG). The order is valued at $50 billion at a list price of $1 billion per plane. The actual price will certainly include a discount to the list price.
Boeing said it has a firm order for two of its 777-300ER long-range jets and seven options for additional planes from Qatar Airways. The deal is valued at $2.8 billion at current list prices. Qatar Airways is also a customer for Boeing’s 787 Dreamliner.
In a related story, AIG and a consortium of Chinese buyers have agreed to extend the deadline for the sale of ILFC until the end of July. The deal is worth $4.23 billion, and AIG may now seek additional offers. The deal had been set to close last Friday. The Chinese buyers paid a deposit of $475 million, which gives them the right to acquire up to 90% of ILFC, but they must indicate their intention to exercise that option by July 15.
Shares of Boeing are up about 1.2% in premarket trading this morning, at $103.00 in a 52-week range of $69.03 to $103.22.
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