Airbus seeking major sale to AMR
Source: Agencies |
July 12, 2011, Tuesday
|
Print Edition
Print Edition
Airbus aims to win a large plane order from American Airlines by offering US$6 billion in preferential financing to woo the carrier away from rival Boeing, according to the Wall Street Journal.
Airbus wants to break Boeing's monopoly at American Airlines and has assembled a team of lenders and leasing firms to help the European company win the deal, people familiar with the proposal told the newspaper.
Airbus's offer has a catalog value of almost US$23 billion, but that is being heavily discounted, sources told the paper.
The European plane maker is offering American, a unit of AMR Corp, 130 of the current-generation A320s and 130 of the more fuel-efficient A320neo, the new engine option slated to enter service in 2015, the newspaper said.
American Airlines, which currently operates an all-Boeing fleet, might make a decision order as soon as next Wednesday, people familiar with the matter said.
Meanwhile, Boeing is offering 737-800s and 737-900 Extended Range planes, sources said. But the price and financing terms are unclear.
Airbus wants to break Boeing's monopoly at American Airlines and has assembled a team of lenders and leasing firms to help the European company win the deal, people familiar with the proposal told the newspaper.
Airbus's offer has a catalog value of almost US$23 billion, but that is being heavily discounted, sources told the paper.
The European plane maker is offering American, a unit of AMR Corp, 130 of the current-generation A320s and 130 of the more fuel-efficient A320neo, the new engine option slated to enter service in 2015, the newspaper said.
American Airlines, which currently operates an all-Boeing fleet, might make a decision order as soon as next Wednesday, people familiar with the matter said.
Meanwhile, Boeing is offering 737-800s and 737-900 Extended Range planes, sources said. But the price and financing terms are unclear.
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