Airbus, LOT and A220s
Digest more
Geopolitical dynamics played a visible role in a major aircraft deal announced at the Paris Air Show, where Airbus (OTCPK:EADSF) (OTCPK:EADSY) secured a major order from Poland's LOT Polish Airlines and displaced longtime supplier Embraer (NYSE:ERJ) in the process,
Boeing retreats following fatal Air India crash as Airbus gets the better of it with Saudi Arabian and Polish deals.
LE BOURGET—LOT Polish Airlines is switching its large regional fleet from Embraer E1s and E2s to the Airbus A220, a decision that opens up the opportunity for the airline to offer more capacity with a single type.
Airbus has secured a landmark deal with Polish carrier LOT for 40 A220 jets, signaling a significant investment and a political rapprochement between Poland and France. The order represents the largest in LOT's history,
Embraer has signalled that it believes the LOT selection of the Airbus A220 over its E2 regional jets was influenced by political considerations. LOT has chosen to take 40 A220s - a mix of -100s and -300s - to replace its Embraer fleet,
LOT said the A220s will gradually replace its existing regional aircraft fleet, which primarily comprises Embraer E1s. Fijoł said LOT’s E2s will “stay for as long as possible,” but will ultimately also be replaced.
Airbus sealed a landmark order for 40 A220 jets from Polish national carrier LOT on Monday, marking the airline’s largest-ever investment and signalling a broader reset in political ties between Poland and France.
Airbus secured major orders on day one of the Paris Air Show as Boeing scaled back its presence following the Air India crash.
Paris ordered four Israeli company stands to be closed for displaying offensive weapons, a move condemned by Israel’s Ministry of Defense