[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 20 July 2006, 13:52 GMT 14:52 UK
Airbus unveils $1bn sales boost
Airbus A320
The A320 is one the most popular of the Airbus fleet
Airbus has announced an order to supply nine jets to US leasing firm CIT in a deal that could be worth $1bn (550m).

It will supply five A330-200 and four A320 planes to the firm.

The sales take its total order book announced at the Farnborough Airshow to 94 planes, estimated to generate about $7.4bn in revenue.

Its arch-rival Boeing has sold 74 aircraft, but has had more interest in its larger jets, leading to orders of about $10bn.

Outstripped

Farnborough has seen Airbus unveil plans for its "extra-wide" long-haul A350.

The A350 model, which is meant to be more fuel-efficient, was redesigned after being outstripped in sales by Boeing's Dreamliner 787.

Other deals announced so far at the show include two orders worth $306m from Pegasus Aviation Finance Company won by Boeing, and a $1.1bn contract signed by BAE Systems with the British government for 12 Nimrod coastal patrol aircraft.

Meanwhile, the Malaysian budget carrier AirAsia is to exercise its option on 40 more Airbus A320 planes, to ready itself for domestic expansion and more flights within Asia.


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites




FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific