Airbus beats out Boeing for $12B order from Pegasus Airlines

Turkish carrier Pegasus Airlines has placed an order for up to 100 of Airbus’s A320 new engine option family jets, the companies said Tuesday.

Pegasus, Turkey’s second largest airline, previously had operated mostly Boeing Co. 737 aircraft, which compete against Airbus’ A320s.

The deal includes a firm order for 58 A320neos, 17 A321neos and options for another 25 jets from the A320neo family. If Pegasus exercises those options, the entire order is valued at $12 billion at list prices. Jet makers like Airbus and Boeing typically discount from list prices.

“It is with great pride that we are placing the biggest order in the history of Turkish civil aviation with Airbus for up to 100 A320neo Family aircraft,” Ali Sabanci, chairman of Pegasus, said in a statement.

Deliveries will begin in three years and run through 2022, said Chris Buckley, the manufacturer’s executive vice president for Europe, Asia and the Pacific.

The order increases Airbus’s backlog of A320neo single- aisle aircraft to 1,654 since sales began two years ago. Deliveries of the model are planned to begin in 2015.

Boeing launched its updated 737 MAX in the summer of 2011 to compete against Airbus’ refreshed A320. The Chicago-based aerospace company has won more than 1,000 orders in 2012 for the 737 family.

More in Herald Business Journal

Nordstrom suspends buyout after struggling to get financing

A buyout was meant to help the company continue turnaround efforts outside the glare of market scrutiny.

More self-awareness could help build a better medical system

Marcy Shimada of Edmonds Family Medicine writes the second in a series about fixing our health care system.

Scratch-and-sniff brochures aimed to prevent disaster

Puget Sound Energy has distributed more than a million scratch-and-sniff brochures to… Continue reading

Jewelry, accessories store Fuego opens second site in Snohomish County

Northwest-based jewelry, accessories and gifts store Fuego opened a new outlet store… Continue reading

Extreme cleaning company Steri-Clean opens in Mukilteo

The first Washington franchise of the Steri-Clean company will celebrate its grand… Continue reading

Justices to hear government’s email dispute with Microsoft

A lower court ruled emails in a drug case couldn’t be searched because they were in Ireland.

Bombardier to partner with Airbus on C Series program

The move by Bombardier could possibly circumvent duties being imposed on the C Series.

Everett’s Access Laser sells majority stake to German company

Everett firm with 50 employees makes lasers for scientific, medical fields and self-driving vehicles

Most Read