Vietnam’s Bamboo Airways doubled down on Airbus SE’s A321neo aircraft by agreeing to buy as many as 26 of the narrow-body jets, picking the rival to Boeing Co.’s 737 Max for its expansion in one of the world’s fastest-growing aviation markets.
The startup carrier agreed to six firm purchases of the A321neo and an option to buy 20 more, Chairman Trinh Van Quyet said in an interview Thursday. The total value of the deal would be $6.3 billion, based on the list price, he said.
The agreement comes a month after Quyet said his airline was considering an order of as many as 25 of the 737 Max. The carrier hasn’t engaged in negotiations with Boeing, he said, declining to comment further on the Boeing model that’s been involved in two disasters in five months….PDF
The aircraft doors market was valued at USD 3.37 Billion in 2016 and is projected to reach USD 5.22 Billion by 2022, at a CAGR 7.25% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
The market size for segments and subsegments of the aircraft doors market was estimated by referring to various secondary sources, such as IATA publications, Airbus and Boeing Market Outlook reports, and corroboration with primaries. The data acquired was triangulated with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market were accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data.
This data was consolidated, added with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Pressure is building on Boeing’s order book for its 737 Max, the company’s all-time fastest-selling plane, after the deadly crashes. Indonesia’s flag carrier PT Garuda Indonesia has asked to cancel an order for 49 of the aircraft and airlines worldwide have grounded their fleets, leaving the model’s immediate future in the balance.
“We have the intention to buy wide-body aircraft from Boeing and narrow-body planes from Airbus,” Bamboo’s Quyet said.
The deal would bring the airline’s fleet of A321neos to 50. Bamboo, whose parent company is property and leisure company FLC Group, agreed last year to buy 24 A321neo planes.
In February, Bamboo signed a contract to purchase 10 Boeing 787-9 Dreamliners worth about $3 billion during President Donald Trump’s visit to Hanoi for his summit with North Korean leader Kim Jong-Un. In June, the airline signed a commitment for 20 Dreamliners with a list price of $5.6 billion.
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