Airbus and Jazeera Airways reach $ 3.3 billion plane deal

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Updated 1 hour and 14 minutes ago

DUBAI, United Arab Emirates (AP) – Airbus on Tuesday won its third Dubai Air Show contract, valued at more than $ 3.3 billion, for the sale of 28 new planes to Kuwaiti company Jazeera Airways.

The deal from the European aircraft maker includes 20 single-aisle A320neos and eight A321neos, which directly compete with Boeing’s 737 Max, as well as an option to sell five more new planes to the fast-growing low-cost airline.

“Now is the time to evolve, grow and invest in the future,” said Roohit Ramachandran, CEO of Jazeera Airways, calling it a “realistic and modest” order. Executives said the first planes are expected to be delivered in 2026.

The Dubai show sees a flood of order and product announcements. The first two days, Airbus also achieved successful sales. Airbus on Monday struck a major multi-billion dollar deal to sell 111 new planes to Air Lease Corporation.

Airbus increased its order book on the opening day of the show with the sale of 255 new planes to various low-cost carriers from Indigo Partners, a deal valued at some $ 30 billion, based on the list of pre-pandemic price.

The Dubai show typically pits France-based Airbus and US rival Boeing, the two manufacturers at the top of the supply chain, against each other in the crucial Middle East market filled with long-haul carriers connecting East and West. Boeing has yet to announce a large order at the five-day trade show at the UAE trade hub.

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