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GE Buys 60 'Green' Jets From Airbus

By Features FOXBusiness

General Electrics (GE) capital aviation division has ordered 60 fuel-efficient jets from Airbus as part of an industry-wide effort to identify cheaper and cleaner ways to fly.

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The European plane maker announced the A320neo jet deal at the Paris Air Show on Monday, according to the Associated Press.

The transaction would be worth about $5.5 billion at list price, according to the report, though buyers are often able to strike discounts.

With skyrocketing fuel prices taking a chunk out of airlines bottom lines, the greener jet by Airbus has been a hot ticket item. The jet maker booked some 470 orders and commitments for the A320neo since its commercial launch in December. It booked orders for 142 aircraft worth $15 billion at list price on the first day of the Paris Air Show alone. 

The plane doesnt become officially available until 2015.