Airbus announces 85 new orders, indicators show Air India is buyer: report

For September 2024, Airbus SE (OTC:EADSY) reported 50 deliveries and 235 gross orders, including 85 from an undisclosed buyer.

According to sources cited by Bloomberg, Airbus received an order for 85 planes from Air India Ltd., which consisted of 75 single-aisle A320neo planes and 10 wide-body A350 jets, as the source said.

In 2024, Airbus delivered 497 aircraft, with 667 gross orders and 648 net orders recorded from January to September. Furthermore, the company delivered 36 A350 aircraft during this period.

Also read: Boeing October deliveries expected to plummet amid strike challenges: analyst

In February 2023, Air India announced the purchase of 470 aircraft, including 250 from Airbus, marking the largest commercial aviation deal at the time. The order included 140 A320neo aircraft, 70 single-aisle A321neo aircraft, 34 A350-1000s and six A350-900 wide-body jets.

Air India, owned by the Tata Group, is in the middle of a merger. Renowned philanthropist and former chairman of the Tata Group Ratan Tata passed away at the age of 86 on October 9.

Price Action: EADSY shares closed up 0.52% at $34.86 on Wednesday.

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This article Airbus announces 85 new orders, indicators show Air India is a buyer: report originally published on Benzinga.com