Airbus, Boeing bag new contracts at air show

Airbus, Boeing bag new contracts at air show

LE BOURGET, France - The Associated Press
Airbus, Boeing bag new contracts at air show

This file computer image provided by Airbus shows an A320neo jet. AP photo

Airbus benefited Tuesday from airlines' worries about sky-high fuel prices, winning new orders for its more fuel-efficient planes at the Paris Air Show as it jockeyed with Boeing for the spot as world's biggest planemaker.

Airbus is getting lots of attention for its A320neo, a revamped version of the workhorse A320 family of single-aisle short and medium haul aircraft but with more fuel-efficient engines. As fuel prices have jumped higher this year, the plane has become the company's fastest selling model.

Airbus said Tuesday it received a commitment for 50 of its A320neos from U.S. aircraft leasing company CIT Group. A321neos have a list price of about $106 million, valuing the deal at up to $5.3 billion.

The planemaker also received an order for 6 A321neo aircraft from Taiwanese airline TransAsia Airways.

Rival Boeing countered with more than $11 billion worth of orders and commitments for 56 of its jets, including an order by Qatar Airways for six of its 777 jets in a $1.7 billion deal.