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AirAsia has ordered 150 Airbus A220 jets for $19 billion.

AirAsia, a Malaysian budget carrier, has ordered 150 A220-300 jets designed in Canada from Airbus. This is the largest single-firm order for the jetliner ever. The companies announced this at an event held in Quebec on Tuesday. Airbus' commercial aviation CEO Lars Wagner stated that AirAsia was the "launch customer", of the new 160-seat configuration.

AirAsia's CEO Tony Fernandes stated that his airline would "buy" 150 more aircraft if Airbus made a stretched version the A220 jet.

The announcement confirms previous reports about a deal to purchase 150 A220-300?jets. Fernandes stated that the order is worth $19 billion. This is a good deal for the Airbus A220. Its rival Embraer E2 won a campaign with Finnair last March and outsold it three to one in 2013.

Airbus wants to increase A220 production in order to break even with the program that it took from Canadian planemaker Bombardier for free last year.

The province of Quebec has a minor stake in the A220 Program, which is produced in a facility in Mirabel, just north of Montreal. A separate assembly line is also located in Mobile, Alabama. Mirabel is where A220 planes are manufactured for non-US customers.

In January, it was reported that Airbus would begin offering airlines and leasing companies a larger version 110-130 seat A220 jetliner in preparation for launching the development of this aircraft later this year.

The kickoff is intended to?gather enough pre-orders for the A220-500, which has a seating capacity of 180. Reporting by Alison Lampert, Ryan Patrick Jones and Caroline Stauffer.

(source: Reuters)