GE orders 60 fuel-efficient Airbus A320 jets

By the Associated Press | June 20, 2011 | 7:44 AM EDT

LE BOURGET, France (AP) — Airbus says GE Capital Aviation Services has ordered 60 A320neo jets, a version of its workhorse jet revamped to be more fuel efficient.

The European planemaker announced the deal Monday at the Paris Air Show, where the search for a cheaper and cleaner way to fly is emerging as a major theme.

The deal would be worth about $5.5 billion at list prices, though buyers often strike discounts.

With airlines squeezed by skyrocketing fuel prices, Airbus has booked 390 orders and commitments for the A320neo since its commercial launch last December, even though the plane won't be available until 2015.