Airbus wins $5.1 billion order for 32 jets from Qatar Airways

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Airbus wins $5.1 billion order for 32 jets from Qatar Airways

PARIS (AP) =97 Qatar Airways said Thursday it has placed a $5.1 billion=
 order=20
with European aircraft manufacturer Airbus for 18 planes and options on=20
another 14. The carrier, which already flies only Airbus jets, will more=20
than double the size of its fleet by 2008 through the purchases, the=20
company said in a statement issued at the Paris Air Show. Airbus, in a=20
separate statement, said the airline agreed to orders for two A321 jets, 14=
=20
A330s and two A340-600s, currently the largest jet in the Airbus family.=20
Qatar has options for another six A330s and another eight A340-600s, the=20
plane maker said. Edouard Ullmo, a vice president of commercial development=
=20
at Airbus, said the deal was valued at $5.1 billion.

The A330 aircraft will be delivered between 2004 and 2008, while the=20
A340-600s will be delivered between 2006 and 2010 and the two A321s after=20
December this year. In addition, Qatar said it will lease two A330-200s=20
from General Electric Capital Aviation Services for five years starting in=
=20
July 2004. Qatar Airways is also to take delivery by 2009 of two Airbus=20
A380 superjumbos, the competitor of archrival Boeing's 747, Airbus said.=20
Qatar also has an option on two more A380s. On Wednesday, Korean Air said=20
it has signed preliminary agreements with Airbus and Boeing that could=20
eventually lead to the purchase of 17 large jets. The Korean airline inked=
=20
memorandums of understanding for five A380 superjumbos from Airbus, with an=
=20
option for another three, as well as seven twin-aisle 777s and two=20
747-400ERFs from Boeing. If all the contracts are finalized, the deals=20
would be worth $2.3 billion, said Lee Hyoung-woo, a Korean Air company=20
spokesman.


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