- JetBlue (NASDAQ:JBLU) probably $1.4B-$1.7B for 60 Airbus (OTCPK:EADSF, OTCPK:EADSY) A220-300 jets, or $23M-$28M per plane - a discount of as much as 72% from the deal's list value - Moody’s analyst Jonathan Root calculates, citing estimates by appraisers and price breaks that are typical for large orders.
- “As with most campaigns, we believe the decision comes down to the lowest all-in cost, because the narrow-body aircraft manufactured by Airbus and Boeing have similar capabilities and operating costs for the majority of operators,” Root writes.
- The purchase, announced July 10, was the first since Airbus took control of Bombardier’s CSeries program and renamed the aircraft the A220.
JetBlue got discount of up to 72% on its Airbus order, Moody's says
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