AirAsia Set to Order 150 Airbus A220 Jets

AirAsia on the brink of securing a massive order for 150 Airbus A220 jets, potentially breaking records for the model. The deal could be announced this week at a Montreal event, with Canadian Prime Minister Mark Carney in attendance. The A220, seating 100-160 passengers, is smaller than AirAsias typical narrowbodies, ideal for exploring new routes with challenging airports or low traffic. AirAsia, currently operating around 250 jets and having a backlog of approximately 400 Airbus planes, mostly A320s, is looking to expand its network with smaller aircraft. This order would significantly boost Airbuss A220 program, which has struggled with losses since acquiring it from Bombardier in 2018. Production has dropped to 12 planes a month due to supply issues and engine delays, while Embraer E2 jets outsold it three to one last year. AirAsias shares have plummeted nearly 40% due to soaring fuel prices from U.S.-Israel-Iran tensions, affecting low-cost carriers without hedges. If the deal goes through, it could stabilize AirAsias situation. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e1e9a6d9463d1217