Airbus announces $75 billion in Farnborough deals

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Airbus says it secured $75.3 billion in orders and commitments for 496 aircraft at the Farnborough Airshow — a record for the company at the premier aviation event in terms of dollar value and in aircraft.

The orders included the largely updated versions of its A330 wide body aircraft, which launched this week. Airbus says the plane is more fuel efficient and has a longer range to help it compete against Boeing's 787 Dreamliner.

Airbus closed out the show Thursday with the announcement that Hong Kong Aviation Capital is to buy 70 of the A320 neo family aircraft. No financial details were disclosed.

The A320 new engine option incorporates the latest technology together with sharklet wing tips that help deliver fuel savings.