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Originally published September 16, 2011 at 4:31 AM | Page modified September 16, 2011 at 11:29 PM

Air France-KLM splits 50-plane order between Airbus, Boeing

Air France-KLM says it has ordered 50 long-haul planes from Airbus and Boeing and has the option to buy another 60.

The Associated Press

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PARIS —

Air France-KLM says it has ordered 50 long-haul planes from Airbus and Boeing and has the option to buy another 60.

Europe's largest airline by passengers said Friday that the order was for Airbus' A350-900 and Boeing's 787-9 planes.

The order is for 25 planes from each of the rival manufacturers and will be finalized by the end of the year.

None of the companies involved would say how much Air France-KLM agreed to pay, but the catalog prices for the planes would make the order worth about $12.2 billion.

The 25-plane A350-900 order would have a list-price value of $6.7 billion. Assuming standard discounts as estimated by aircraft valuation firm Avitas, the actual purchase price would be about $3.2 billion.

The Boeing side of the order would have a list price value of $5.5 billion, and an Avitas estimated value of $3.2 billion.

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