New low-cost U.S. airline orders 60 A220 planes developed by Bombardier

New low-cost U.S. airline orders 60 A220 planes developed by Bombardier
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TOULOUSE, France — A new U.S. low-cost airline being launched by the co-founder of WestJet Airlines and JetBlue Airways has signed a firm order to buy 60 A220 planes developed by Bombardier Inc.

The manufacturer says the airline dubbed Moxy is buying the A220-300 aircraft formerly called the C Series in a deal valued at a total of about US$5.5 billion based on 2018 list prices, although buyers typically receive large discounts.

Aviation veteran David Neeleman unveiled his plans for Moxy at the Farnborough Air Show last July.

He says the plane is the right one for the new airline because its low cost to operate and spacious cabin allow it to offer lower fares and operate profitability in under-served markets.

Airbus will produce the planes at a new U.S. assembly plant adjacent to its A320 assembly facility in Mobile, Ala. Construction begins later in the month with the first deliveries to various airlines starting in mid-2020.

There have been more than 500 orders for the two versions of the A220.

Companies in this story: (TSX:BBD.B)

The Canadian Press


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