12-Jul-2011 11:54 AM

Airbus to offer USD6 billion in preferential financing for American Airlines fleet acquisition

Airbus has assembled a team of lenders and leasing firms to assist in offering approximately USD6 billion in preferential financing before American Airlines (AFP, 11-Jun-2011). Airbus' offer has a catalog value of almost USD23 billion, but that is being heavily discounted. The unit of European Aeronautics Defence & Space Co is offering 130 of the current-generation A320s and 130 A320neo aircraft. Boeing is offering B737-800s and B737-900ER aircraft without specified price and financing terms.