Airbus secures an order from Air Arabia for 120 A320neo aircraft
Category: #business  By Saipriya Iyer  Date: 2019-11-19
  • share
  • Twitter
  • Facebook
  • LinkedIn
Airbus secures an order from Air Arabia for 120 A320neo aircraft

 

  • The UAE’s only listed airline vies to expand its operation beyond Middle East.
  • A320neo Family received over 7,000 firm orders from more than 110 customers globally.
  • Introduction of A321XLR believed to be a quantum leap from A321LR.

Air Arabia has inked a firm order of 120 Airbus aircraft, the European plane-maker recently announced. The deal, inked on Monday at the Dubai Airshow, incorporates 73 A320neos, 20 A321XLRs and 27 A321neos.

Air Arabia Group CEO Adel Al Ali asserted that commercial demand has always had the say on the Air Arabia’s fleet growth strategy. Al Ali said in a statement that the breakthrough is in line with their established financial fundamentals, along with potent multi-hub growth strategy, without compromising on performance, efficiency and passenger experience. Ali told reporters the inclusion of A320 neo, A321 XLR, A321neo would complement the company’s existing fleet and enable them to expand their footprints—yet adhering to low-cost business model.

In a press statement, Christian Scherer, Airbus Chief Commercial Officer expressed his ecstasy and affirmed that the order was a great endorsement for the A320 neo family that will leverage the airline to expand the market penetration. The UAE’s only listed airline vies to expand its operation beyond Middle East.

Having the widest single-aisle cabin in the sky, adoption of modern technologies such as Sharklets and new generation engines has blessed the A320 neo family. The family consists of A320neo, A321neo, and A319neo, providing minimum of 20% reduced fuel burn, along with 50% less noise vis-à-vis previous generation aircraft. Reportedly, the A320neo Family received over 7,000 firm orders from more than 110 customers globally.

The introduction of A321XLR has payed heed to market demand for more payload and range, offering more value for the airlines. Apparently, the A321XLR will deliver an exceptional Xtra Long Range of up to 4,700nm (outdoing A321LR by 15%), along with 30% low fuel burn per seat vis-à-vis competitor aircraft of previous generation. This is believed to be a quantum leap from the A321LR.
 

Reference:

https://www.airbus.com/newsroom/press-releases/en/2019/11/air-arabia-orders-120-airbus-a320neo-family-aircraft-including-xlrs.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Global Wooden Furniture Market by Key Players, Countries, Segments and Application, Forecast to 2027
Global Wooden Furniture Market by Key Players, Countries, Segments and Application, Forecast to 2027
By Saipriya Iyer

Global wooden furniture market is poised to witness a tremendous growth over the projected timeframe of 2020 to 2026 on account of rising number of residential and commercial construction activities across the globe. Alongside, increasing consumer in...

Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
By Saipriya Iyer

Global Cladribine Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2026 Executive summ...

Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
By Saipriya Iyer

Global Cardiovascular Disease Drugs ?Market report 2026 focuses on the major Types and Applications for the key players. Global Cardiovascular Disease Drugs market research report also provides analysis of the market share, segmentation, revenue fore...