According to persons familiar with the situation, Airbus SE has emerged as the front-runner to win an aircraft order from Jet Airways India Ltd. valued up to $5.5 billion, strengthening the European planemaker’s position in the aviation industry’s fastest-growing sector.
The people, who asked not to be named since the discussions are confidential, claimed that the talks are for A320neo jets and A220 aircraft. A final decision has not yet been made, according to the people, and conversations are also ongoing with Boeing Co. and Embraer SA. Although any transaction would cost more than $5 billion if it were made at sticker pricing, reductions are usual in such large purchases.
Requests for comment from representatives of Boeing and Airbus were not immediately fulfilled.
The former top private airline in India, Jet Airways, received its pilot’s licence last month, making history as the first company to be revived under the country’s new bankruptcy regulations. The airline’s operational preparedness was confirmed by the flying permit, indicating the airline’s transformation into a “new avatar with fresh funds, altered ownership, and new management,” per a statement.
“Final discussions with lessors are ongoing and aircraft OEMs, and we will announce our fleet and aircraft selection plan after we’ve made a choice”Jet Airways official said on Monday
“We are researching all options to choose which one suits us the most.”
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