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

Peoples, HomeStreet banks bump lowest salaries after tax cut

The banks with Snohomish County branches will raise minimum salaries for employees to $15 an hour.

Electroimpact cuts Mukilteo staff by 9 percent

“What we’re missing now is a monster anchor project,” the company’s VP said.

Exotic animals find compassionate care in Bothell (video)

At the Center for Bird and Exotic Animal Medicine, vets treat snakes, hedgehogs and even kangaroos.

How can you tell if you are getting good financial advice?

Assume that it’s still the same buyer-beware market that has always existed.

Amanda Strong (left) tries on an Angel of the Winds Arena hat as she and Courtney Brown hand out gift bags after the renaming ceremony Dec. 13 in Everett. The new name replaces the Xfinity name. (Andy Bronson / Her file)
Angel of the Winds to break ground on $60M casino expansion

“We think we’re on the cusp of becoming a major resort.”

In this Dec. 20, 2017, photo, a clerk reaches to a shelf to pick an item for a customer order at the Amazon Prime warehouse, in New York. (AP Photo/Mark Lennihan, File)
Amazon’s potential HQ2 sites leaves many cities disappointed

And yet, some municipal leaders are looking at the bright side of being rejected.

How do you retrieve an errant Boeing 737 from a muddy slope?

Turkish authorities used cranes to lift a plane that skidded off a runway.

Don’t take economic forecasts to the bank — or the casino

Air travel delays could spur a rebirth of passenger rail service.

Emirates orders 20 more Airbus A380 jumbos, saving program

The Dubai carrier also has options to buy 16 more. The program seems safe until 2029.

Most Read