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20-Jan-2011 11:30 AM

DVB Bank labels A320neo decision 'bizarre'

DVB Bank labelled Airbus' decision to go ahead with the A320neo as “bizarre” and stated the value of the aircraft could drop “significantly” once all-new narrowbody designs enter the market (Bloomberg, 19-Jan-2011). Airbus has already signed a firm deal with Virgin America for 30 A320neos and a preliminary understanding with IndiGo for 150. Airbus believes it could sell as many as 3000 A30neos over the next decade. The aircraft is due to enter service in 2016.