FARNBOROUGH, United Kingdom: European aircraft maker Airbus announced Thursday that Lebanese airline MEA has proposed to buy ten of its single-aisle neo passenger planes.
Airbus did not disclose the deal amount for the aircraft, which have a combined list price of $1.0 billion at list prices.
"Middle East Airlines-Air Liban (MEA), the flag carrier of Lebanon, has signed a Memorandum of Understanding (MoU) for five A320neo and five A321neo aircraft plus eight options," Airbus said in an official statement.
The deal was unveiled at the Farnborough International Airshow -- a key event in the aviation sector calendar that typically sees planemakers Airbus and Boeing battle for orders.
"MEA is focused on continuing to grow and improving its profitability at the same time as offering its passengers a very luxurious service," added MEA Chairman-Director General, Mohamad El Hout in the statement.
"Adding the A320neo to our fleet means we can achieve all of these goals while benefiting from a 15 percent fuel saving and cost effectiveness."
Airbus' A320 neo series is going head to head with US rival Boeing's upcoming 737 MAX planes in the battle for short-haul aircraft orders at the Farnborough airshow near London which runs until the end of the week.