Garuda Indonesia signs $2bn dollar Airbus contract

9th August 2011, Comments 0 comments

Flagship carrier Garuda Indonesia has signed a contract with European plane maker Airbus for 25 A320 jets including 10 A320neos after agreeing a deal in June, Airbus said Tuesday.

At list prices the order is worth an estimated $2.18 billion (1.53 million euros).

The jets will replace the Boeing 737 aircraft flown by Garuda's low-cost unit, Citilink.

The A320neo is claimed to be 15-percent more fuel efficient than the classic model, with new high-tech engines making the difference.

The two companies announced on June 21 that they had signed a memorandum of understanding on the sale.

© 2011 AFP

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