European planemaker Airbus says low-cost airline Air Asia has ordered 10 A350-900 jets and placed options for five more.

Airbus CEO Tom Enders and Air Asia’s CEO Tony Fernandes announced the deal at the air show Tuesday.

The list price for the 10 jets would be $2.4 billion. Airlines often negotiate substantial discounts to catalog prices, particularly in tough economic times.

Air Asia is based in Kuala Lumpur.

Source: Los Angeles Times