Deals
Air France Orders 60 Airbus Jets to Upgrade Its Aging Fleet
- Carrier places options to order 60 more A220 jets from Airbus
- The airline will also phase out its A380 superjumbo fleet
An Airbus A220 single-aisle aircraft.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
Air France-KLM ordered Airbus SE narrow-body jets worth $5.5 billion and announced the retirement of its A380 superjumbos as Chief Executive Officer Ben Smith reshapes the fleet to cut costs and boost margins.
The group’s French arm will buy 60 A220 planes and placed options for 60 more, according to a statement Tuesday. The double-decker A380, in its last years of production after a slump in sales, will be phased out by 2022.