INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Condor orders 41 jets

Asia has become a key market for both Airbus and its US rival Boeing as demand for air travel climbs with an expanding middle class. (AFP)
  • The order is for 13 A320 and 28 A321 jets fitted with Pratt & Whitney engines for delivery starting in Spring 2024, Condor and Airbus said in a joint statement.
  • The catalogue price is about 5.0 billion euros ($5.1 billion) but the final purchase price usually differs due to possible discounts offered to big-ticket customers.

German charter airline Condor has ordered 41 A320 Airbus jets as it renews its fleet with aircraft using less fuel and emitting less carbon dioxide, the two companies said on Monday.

The order is for 13 A320 and 28 A321 jets fitted with Pratt & Whitney engines for delivery starting in Spring 2024, Condor and Airbus said in a joint statement.

The catalogue price is about 5.0 billion euros ($5.1 billion) but the final purchase price usually differs due to possible discounts offered to big-ticket customers.

“With the replacement of our entire long-haul fleet with the latest two-liter aircraft by early 2024, it is the obvious next step for us to modernize our short-haul and medium-haul fleet as well,” said chief executive Ralf Teckentrup.

“With our new A320neo and A321neo aircraft, we are consistently developing our fleet and ourselves as a company,” Teckentrup said.

“(We are) also taking care of our own ambition to enable responsible and at the same time comfortable travel with significantly reduced carbon emissions, lower fuel consumption and less noise.”

Airbus International chief, Christian Scherer, said that “following Condor’s earlier decision to order the A330neo for its long-haul network, we are doubly grateful the airline has now also selected the Airbus A320neo family to modernize its single-aisle fleet.”