Paris — European aircraft manufacturer Airbus said on Thursday that it has finalised the sale of 120 A220-300 single-aisle jets worth $11bn. Sixty of the aircraft will go to low-cost US carrier JetBlue and another 60 to a start-up code-named Moxy that is to begin operations in 2021, Airbus said. In 2017, Airbus acquired the A220-300 aircraft line, which Canadian firm Bombardier developed as its C Series, and which represents a new generation designed for airlines looking for 100- to 150-seat planes. Bombardier has struggled to win customers even though the planes offer fuel-savings similar to a new class of larger aircraft sold by Airbus and US rival Boeing. “JetBlue has proven there is no contradiction between economic efficiency and a high quality product,” said Airbus chief commercial officer Christian Scherer in a statement. “Their endorsement of the A220 proves this aircraft meets those two criteria better than any alternative in its segment.” Moxy is an airline venture led by ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now