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Lanlanian Airways places $14 billion wide-body order

Edition: 31
26 Dien 1583
Written by Dimitra Krum



A Lanlanian Airways SL470-30 taking off

Herlev, Oslanburg | Lanlanian Airways announced a provisional order worth $13.9 billion at list prices to buy 39 Scholden Luftveark wide-body planes on as it battles other carriers, dealing a blow to other aircraft manufacturers in the key market for big twinjets.

Lanlanian Airways signed a letter of intent with Scholden for 20 SL470-90s and 19 SL480-100s to tap additional passenger growth and to modernize its fleet over the next decade. Additional options for the two aircraft types could take the deal to as many as 51 aircraft. The preliminary order is a boost for Scholden Luftvaerks as it seeks to restore momentum for the on it's order books for the year, which after a strong start has not had a firm order in 2 months.

"The carrier is a demanding customer, and its fleet decisions usually define market trends in the intermediate term," said an airline industry analyst in a note. Airlines typically get discounts on jet orders and the analyst estimated the deal's net value closer to $6.5 billion or about a tenth of the Oslanburgan plane maker's annual volume.

"While the deal may have been highly competitive, it is business in part of the market that strengthens Scholden Luftvaerk's positioning," he said.

Lanlanian Airways significant orders and recent moves to extend some of its fuel-hedging contracts to as long as five years show it is positioning itself for the next phase of growth said another analyst

"What's working for them is that they have very deep pockets and they are putting some of that money to replace fleet and also looking at new destinations," he said.

Lanlanian Airways has been under pressure as demand weakens for long-haul travel amid tough competition from other carriers such as Luft Wurberg.