Airbus received a historic plane order this week, with AirAsia agreeing to purchase 150 Airbus A220-300 aircraft in a deal valued at $19 billion.
The landmark deal—which is the single largest firm order for the A220 type placed by any airline globally—includes the option to order another 150 Airbus A220s for a total of 300 planes.
The A220s are roughly 20 percent more fuel efficient and produce about 20 percent less emissions compared to the A320ceo and will provide the Malaysia-based low-cost carrier with added versatility amid today's challenges, including rising oil prices.
"In an environment of high fuel prices and volatility, the answer is not to stand still, it’s to double down on efficiency," Tony Fernandes, CEO of Capital A and Advisor to AirAsia Group, said in a statement. "This aircraft materially improves our fuel burn and trip costs, strengthening our resilience regardless of where the cycle goes."
"The A220 will provide an optimal platform for AirAsia, combining low operating costs with the latest technology to maximize productivity and also open up new routes across Asia that were not feasible before," added Lars Wagner, CEO of Airbus Commercial Aircraft.
The aircraft are scheduled for delivery beginning in 2028.
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