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Japan Airlines, Airbus close first-ever $9.5 billion deal

Airbus president Fabrice Bregier (L) and Japan Airlines (JAL) president Yoshiharu Ueki (R) display a scale model of an Airbus A350 as they announce that JAL will purchase Airbus A350 planes in Tokyo on October 7, 2013.

Japan Airlines announced a $9.5 billion deal with Europe's Airbus today -- a blow to the Boeing Company, which had a near-monopoly in the Japanese market for decades. Japan’s flagship carrier purchased 31 A350 planes, which Airbus says use 25 percent less fuel than previous aircrafts of its kind. Marketplace’s Stephen Beard joins host David Brancaccio to discuss.  

About the author

Stephen Beard is the European bureau chief and provides daily coverage of Europe’s business and economic developments for the entire Marketplace portfolio.

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