INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

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.”