Budget carrier in Airbus order which could reach £7bn in total

Aircraft manufacturer, Airbus, has concluded a deal with UK budget carrier Jet2.com which could be worth £7bn in total.

The Yorkshire-based airline has placed an incremental order for 35 A320neo aircraft taking its total commitment to the family to 98 aircraft.

The latest agreement comes just over a year since Jet2.com placed its first order for 36 A321neo in August 2021, followed by further commitments, thereby securing its growth needs as demand continues to outpace supply, even in the outer years.

The A320neos will be configured for 180 seats with an Airspace cabin featuring innovative lighting, new seating products and 60% larger overhead baggage bins for added personal storage.

The A320neo family incorporates new generation engines and Sharklets, which together deliver more than 25% fuel and CO2 savings, as well as a 50% noise reduction.

At the end of August 2022, the A320neo family has accumulated more than 8,500 firm orders from more than 130 customers worldwide.

Jet2 said it has negotiated significant discounts from the base price for its aircraft and will finance the deal through a combination of internal resources and debt.

Jet2 plc’s executive chairman, Philip Meeson, said: “We are pleased to build on our existing relationship with Airbus and to have placed this additional aircraft order which provides the company with certainty of supply well into the next decade.

“The order reflects our confidence that we have a much loved product built on sector-leading customer service which we can continue to grow and these aircraft will ensure our customers have a comfortable and enjoyable experience as they travel with us.”

Airbus employ around 5,000 staff at its Broughton plant, near Chester, which makes wings for all the group’s commercial aircraft.