Airbus has increased the average list prices of its aircraft by 1.1 percent across the product line. The new pricing is effective from January 1, 2016. The 1.1 per cent price increase has been calculated according to Airbus] standard escalation formula over the January 2015 to January 2016 period and takes into account the drop in materials and commodities prices.

"Our new 2016 price increase reflects the strong appetite from customers around the globe for Airbus' comprehensive, modern and innovative product range," said John Leahy, Airbus Chief Operating Officer, Customers. "We see demand for our aircraft continuing to grow across all size categories as our reliable, efficient product line enables customers to grow their businesses profitably as well as being favoured by passengers who want to travel in the most comfortable cabins."

Airbus is the world's leading aircraft manufacturer of passenger airliners, ranging in capacity from 100 to more than 500 seats. Airbus champions innovative technologies and offers some of the world's most fuel efficient and quiet aircraft. Airbus has sold more than 16,300 aircraft to more than 380 customers worldwide. Of these, more than 9,500 aircraft have been delivered.

Price depends on design weights, engines choice and level of selected customisation.

Contributed by Airbus S.A.S.