Looks like Airbus is selling its aircraft under cost again. I would bet that 2-4 billion of the 12 billion development cost is to cover the selling of the A3XX at a loss.
Airbus to Win Qantas Airways Order Over Boeing, AFR Reports
Sydney, Oct. 20 (Bloomberg) -- Airbus Industrie, the world's second-largest aircraft maker, has pulled clear of top-ranked Boeing Co. for a multibillion order from Qantas Airways Ltd., Australia's biggest carrier, the Australian Financial Review said, without citing sources.
The newspaper said Boeing has lost favoritism after refusing to chase the discounts and ``exceptionally competitive offer'' made by its European rival.
Sydney-based Qantas has reserved its right to buy at least 12 of the 550-seat A3XX ``superjumbo'' jetliner plus six options at a low introductory price of about $170 million-to-$180 million, the newspaper said.
Qantas Chairman Margaret Jackson said this week the company would decide by the end of calendar 2000 on which aircraft to purchase as part of its multibillion dollar fleet overhaul planned for the next 5-to-10 years.
(The Australian Financial Review, 10/20, p28)
Oct/19/2000 15:58 ET
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