Aeroflot places firm order for 11 Airbus planes with list price of $1.7 billion

Airbus gets 11-plane order from Aeroflot

FARNBOROUGH, England — Russian flag carrier Aeroflot has ordered 11 A330-300 aircraft from Airbus — worth $1.7 billion at list prices.

The deal announced at the Farnborough International Airshow on Monday follows orders for other Airbus and Boeing commercial aircraft from Emirates airline and newly created leasing company Air Lease Corp. — raising hopes the aviation market is improving after a two-year downturn.

Aeroflot was the first Airbus customer and operator in Russia. Airbus currently has more than 1,000 orders for the A330.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

FARNBOROUGH, England (AP) — Air Lease Corp. has placed a firm order for 51 Airbus aircraft with a list price of $4.4 billion.

The recently formed aircraft financing and leasing company has ordered 20 A321 aircraft and 31 A320s.

The deal was announced by both companies Monday at the Farnborough International Air Show.

Air Lease, based in Los Angeles, will purchase and lease the aircraft to airlines worldwide.