Airbus, Japan Airlines set for landmark $7bn deal
Aircraft manufacturing giant Airbus is expected to announce its first deal with Japanese carrier Japan Airlines, BBC News reported.
It has reportedly won an order to sell 25 of its A350 planes, in a deal worth $7bn (£4.36bn) at list prices.
The A350 is designed to be more fuel-efficient, and is a direct competitor to US rival Boeing's 787 Dreamliner which has been hit by safety and technical issues in recent months.
Boeing has dominated Japan's market for aircraft.
Japanese carriers, JAL and All Nippon Airways (ANA), are two of the biggest operators of the Dreamliner jets.
In recent years, the aviation industry has been hurt by a slowdown in demand and high volatility in global fuel prices.
That has seen many leading carriers turn to more fuel-efficient aircraft in an attempt to cut down costs and maintain profitability.
Both Airbus and Boeing have seen a surge in demand for such planes.
Airbus, which claims the A350 will use about 25% less fuel than previous generation wide-bodied aircraft, has had 725 orders for the plane.
The company hopes to start delivering the first A350s to customers by the end of 2014.
Meanwhile, Boeing's 787 Dreamliner continues to remain popular despite this year's temporary worldwide grounding of the aircraft while safety regulators investigate the cause of fires. The firm has received orders for more than 950 Dreamliner jets so far.
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