Airbus A220s Sold to JetBlue at Discount of up to 72%: Moody's
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Mary Schlangenstein, Bloomberg News
JetBlue Airways Corp. got a great deal on its latest aircraft purchase from Airbus SE, according to Moody's Investors Service.
The carrier probably paid US$1.4 billion to US$1.7 billion for 60 Airbus A220-300 jets, or between US$23 million and US$28 million per plane, Moody's analyst Jonathan Root said in a report Friday, citing estimates by appraisers and price breaks that are typical for large orders. That's a discount of as much as 72 per cent from the deal's list value, he said.
Listen to this interview:
"As with most campaigns, we believe the decision comes down to the lowest all-in cost, because the narrow-body aircraft manufactured by Airbus and Boeing have similar capabilities and operating costs for the majority of operators," he said.