began the first day of the Aviation Expo China 2013 securing commitments and orders from several Asia Pacific region carriers for up to 168 A320 family aircraft worth $15.3 billion based on current list prices.
(VietJetAir A320. Photo, courtesy of Airbus.
The largest order came from Vietnam carrier VietJetAir signing a Memorandum of Understanding (MOU) for up to 92 A320 family aircraft, with a commitment of lease eight additional A320s from third party leasing firms. VietJetAir's order includes 42 A320 new engine option (neo), 14 A320 current engine option (ceo), six A321ceo and purchase rights for 30 additional A320 family aircraft.
BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, signed a firm order to purchase 13 A320ceo and 12 A320neo aircraft. The order comes less than a year after BOC Aviation signed a purchase agreement for 50 A320 family aircraft.
(Xiao Liyuan, president of Qingdao Airlines, left, and Airbus CEO Fabrice Bregier, right, sign orders for A320 family aircraft. Photo, courtesy of Airbus.)
Eastern Chinese carrier Qingdao Airlines signed a firm order for 25 A320 family aircraft, including five A320ceos and 18 A320neos. Delivery of the new aircraft is scheduled to begin in 2016. Qingdao will begin operating in 2014 with a fleet of leased A320 aircraft.
Zhejiang Loong Airlines, another East Chinese carrier, signed an MOU for 20 A320 family aircraft, including 11 A320 ceo and nine A320neo. The airline will begin operating regional flights later this year, with plans to expand into international routes by 2016, according to Airbus.
The orders came a day after Airbus increased its 20-year global market forecast, projecting the world's fleet of commercial aircraft would double by 2032, led by increased demand from Asia Pacific region carriers.
Related: Airbus Projects $4.4 Trillion Commercial Aircraft Market Through 2032