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Airbus to sign mega A320 order from Asian carrier Lion Air

Published on Mar 18, 2013 6:44 AM
In a file picture taken on April 30, 2010, an Airbus A320 airplane takes off from the airport of the French southwestern city of Toulouse. French President Francois Hollande will on March 18, 2013 host the chief executive of aerospace giant Airbus to celebrate the signing of "a major industrial agreement" of more than 200 A320 Airbus for the Indonesian airline company Lion Air. -- FILE PHOTO: AFP

PARIS (AFP) - European aerospace giant Airbus will sign an order from Indonesian low-cost carrier Lion Air for more than 200 A320 medium-haul jets at a ceremony on Monday with French President Francois Hollande, business daily Les Echos reported in its Monday edition.

Questioned by AFP late Sunday Airbus and the presidency both declined to comment. Earlier on Sunday the presidential office said in a statement that Hollande would on Monday host the chief executive of Airbus to celebrate the signing of "a major industrial agreement".

Based on prices quoted in the January Airbus catalogue, an order of its size is expected to be worth more than $20 billion (S$25 billion) with a standard A320 model priced at US$91.5 billion. Its newer and more fuel efficient NEO plane has a price tag of over US$100 million.

The government said the deal will be signed as France's Industry Week kicks off, but declined to give more details on the nature of the agreement.

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