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 ...

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