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Citilink Orders 25 A320neo on Rising Indonesia Air Travel Demand

16 Jan 2013 00:14:56

bloomberg.com

PT Garuda Indonesia (GIAA)'s low-cost unit Citilink ordered 25 Airbus SAS A320neo aircraft, worth $2.4 billion at list prices, as the carrier expands its fleet amid rising travel demand in Asia's third-most populous nation.


The contract, signed in December, is the first direct purchase by Citilink from Airbus, the planemaker said in a statement today. The 2012 average list price of an A320neo is $96.7 million, according to Airbus website. Carriers usually get discounts from catalog prices.


Rival PT Lion Mentari Airlines, which ordered 230 Boeing Co. planes last year, is also considering the purchase of additional aircraft as air travel in the region is expected to grow more than 6.4 percent annually through 2031. Airbus has generally lagged behind Boeing in Indonesia where economic growth is spurring air travel demand.


Read full story: bloomberg.com

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