Boeing negotiating more than $6 bln in orders

No fewer than 17 airlines in India have shut down in the past two decades.

Panaji: AirAsia has finalized an order for the purchase of 100 Airbus A321neo aircraft.

AirAsia is already the top Airbus customer by aircraft numbers, and at the 2014 Farnborough show bought 50 A330-900neos in one of the year’s biggest deals.

While Airbus won its first direct purchase contract with Vietnamese carrier, Jetstar Pacific Airlines, after the airline signed a MoU for 10 A320ceo aircraft.

Current cardholders will also benefit from a new, long-term exclusive agreement with MasterCard, American Airlines said. SpiceJet Chairman Ajay Singh “knows this and hence is perhaps having interesting conversations with both”.

EgyptAir now operates 20 737-800NGs and when the nine airplanes on order have been delivered will comprise the largest single-aisle aircraft type in its fleet.

Berlin-based leisure airline Germania took the plunge on the A320neo as well with a deal for 25 jets.

Indian low-priced airline Go Air has chosen Airbus for its further expansion plans by signing a memorandum of understanding for 72 aircraft.

Airbus raised its 20-year demand forecast to 30,070 new aircraft, up 500 from its previous estimate, and saw passenger traffic rising by an average 4.5 percent per year.

“We are delighted to welcome EgyptAir as one of DAE’s new clients in the MENA region”, said Khalifa Al Daboos, Managing Director of DAE. The Canadian aircraft producer will be competing against Brazil’s Embraer SA and the Avions de Transport Regional, or ATR, joint venture of Airbus and Italy’s Leonardo-Finmeccanica SpA.

Home to the world’s fastest-growing major aviation market, India posted 20 percent growth in air travel a year ago, according to the International Air Transport Association.

India also poses risks, with some carriers failing due to fuel taxes, tariffs and low fares.

There are 193 two-deck A380s in operation. The stock rose 0.4 percent to 66.35 rupees as of 10:27 a.m.in Mumbai.

“Under China’s One Belt One Road initiative, we will accelerate our fleet expansion plan to satisfy the rapidly growing air travel market and help build our home base Shenzhen as the transportation hub in southern China”.

The F-35 Lightning II hovers in front of crowds during its first solo appearance at the Farnborough Air Show.

Boeing also said China’s Donghai Airlines and Xiamen Airlines had signed memorandums of understanding for potential multi-billion dollar plane deals.

Air Lease Corp. (NYSE: AL) and Boeing “announced an order” for six 737 MAX 8s, of which three were new orders and three already appeared on Boeing’s order book, attributed to an unidentified customer. (NYSE:BA), which has booked more commercial aircraft orders year-to-date.