Final A320neo 'pop up' bids due: sources | News | Airfinance Journal

Final A320neo 'pop up' bids due: sources

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Final bids for the Airbus six “pop up” A320neo family aircraft are due on 12 May, sources indicate. 

The final round of "first improvement bids" are due for the aircraft that are scheduled for delivery in June.

The original equipment manufacturer (OEM) is seeking offers on four A320neos and two A321neos as part of a sales process, which Airfinance Journal first detailed on 14 April. 

No MSNs are provided for the aircraft, which are located in final assembly locations in Hamburg and Toulouse, according to documents seen by Airfinance Journal

The Neos are offered in "naked" specification, so without leases attached, and configured in Airasia’s ultra-low-cost configuration. 

The OEM is seeking bids in the $60-70 million range depending on the aircraft variant, according to the documents. 

Airbus declined to comment on the sales process. Airasia was unavailable for comment at press time.

Biggest challenge

Airasia's chief executive Tony Fernandes acknowledged the challenging operating environment due to the coronavirus pandemic in a website posting on 11 April, admitting that the group has "no revenue coming in".

"This is possibly the biggest challenge we have ever had to face. We have no revenue coming in, 96% of our fleet is grounded, and we still have significant ongoing financial commitments such as fuel suppliers and leasing agents," he said.

The budget airline has orders for 362 aircraft of the type, making it the second-largest customer of the new technology narrowbody family behind IndiGo, which has a total of 730 orders.

In June 2019, Airasia converted 253 orders for the A320neo to the larger A321neo version. In total, Airasia has placed orders for 592 A320 family aircraft.

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Transaction Snapshot
Air Company | Bond issue | 01-24 | $1.5bn
Financial Close:
11/02/2024
SPV:
Some Aviation Trust
Value:
$1,500.00m USD
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