JetBlue to Buy 60 or More Regional Jets from Airbus

U.S. airline JetBlue announced on Tuesday that it has ordered at least 60 regional jets from Airbus.

The company will use the A220-300 planes to replace its fleet of Embraer E-190 jets.

The 60 planes are worth close to $5.4 billion at the plane’s list price provided by Airbus however

JetBlue may have received a discount as airlines get discounts on jets.

Airbus recently took control of Canadia’s Bombardier program which called the A220 jets, CSeries.

As part of the agreement, JetBlue will convert its orders for 25 Airbus A320neos for the larger Airbus A321neos.

“This fleet transaction is a game changer for JetBlue’s economics as we progress through the next decade,” said the airline’s chief financial officer, Steve Priest.

Disclaimer: We have no position in JetBlue Airways Corporation (NASDAQ: JBLU) and have not been compensated for this article.