Enter multiple symbols separated by commas

Air France Announces $7 Billion Aircraft Order

Air France announced a $7 billion aircraft order on Thursday, split between Airbus and Boeing.

Air France
Air France

The deals include an order for two more A380 superjumbos, the world's largest airliner whose two-year production delays have left manufacturer Airbus facing penalties to airlines.

Air France said it had also placed orders for 30 A320-family single-aisle aircraft from Airbus and 18 wide-body 777 long-haul aircraft from Boeing.

The Boeing 777 order is designed to help phase out Boeing 747s in the Air France network and includes 5 cargo aircraft.

Air France merged with Dutch national airline KLM in 2004 but the two operate separate fleets and networks.

Air France had already placed orders for 10 double-decker A380s with options for another 4. The airline exercised half of these options, bringing its firm order for the model to 12 and leaving it with margin to buy another two later.

Air France officials said the new order for two more A380s was part of a compensation agreement with Airbus to cover the initial delivery delays, but that the same agreement would also include unspecified cash penalties.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.