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Bloomberg
JetBlue Airways Corp. got a great deal on its latest aircraft purchase from Airbus SE, according to Moody’s Investors Service.
The carrier will probably pay $1.4 billion to $1.7 billion for 60 Airbus A220-300 jets, or between $23 million and $28 million per plane, Moody’s analyst Jonathan Root said in a report, citing estimates by appraisers and price breaks that are typical for large orders.
That’s a discount of as much as 72 percent from the deal’s list value, he said.
“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.
The purchase, announced July 10, was the first since Airbus took control of Bombardier Inc.’s C series programme and renamed the aircraft the A220.
While significant discounts are typical for aircraft purchases, pricing details are closely guarded.