Huge twin deals for 350 Airbus planes

Huge twin deals for 350 Airbus planes

The orders include an Indonesian budget carrier's first deal with the European plane manufacturer
Turkish Airlines currently has 211 aircraft in operation.

Airbus has signed two deals totaling a whopping 351 A320 family aircraft with Turkish Airlines and Indonesian budget carrier Lion Air.

The European airline placed orders for up to 117 aircraft while Lion Air inked a deal for 234 planes.

The order from Lion Air, announced Monday, is valued at $24 billion and is its first with Airbus. It follows an order in late 2011 when the relatively unknown budget airline (it took to the skies in 2000) completed the largest single aviation purchase in Boeing’s history, ordering 230 planes.

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The Airbus order will assist the airline in “its expansion with one of the most modern and advanced fleets in the world,” Rusdi Kirana, co-founder and CEO of Lion Air Group, said in a press statement.

The airline said it would make an announcement on the engine selections for the aircraft at a later date while the deliveries will start in 2014.

Meanwhile, the Turkish Airlines deal –- announced a few days earlier -- is the largest order ever placed by a Turkish airline.

According to a company release, the order -- for 25 A321, 4 A320 NEO, 53 A321 NEO and options for 35 additional A321 NEO -- will be delivered by 2015.

The recent order will bring to 375 the number of aircraft in Turkish Airlines’ total fleet, including cargo planes.