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Republic Air In USD$7 Bln Airbus A320 Deal

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Republic Airways signed a letter of intent to buy 80 of Airbus's A320neo family of aircraft worth USD$7 billion at list prices.

The commitment includes 40 A320neo and 40 A319neo planes, Republic said on Wednesday during the Paris Air Show.

The aircraft will be powered by CFM's LEAP-X engines and will be flown by its Frontier Airlines subsidiary, Republic added.

(Reuters)