Airbus, Boeing take off with show deals
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AIRBUS and Boeing climbed close to the US$100-billion mark for plane deals at the Farnborough Air Show yesterday, demonstrating healthy demand for new passenger jets despite concerns raised by their already record full order books.
Recent profits warnings from the likes of Lufthansa and Air France-KLM have stoked fears of a sharp slowdown in demand for new jets or even cancellations.
Yesterday, however, Gulf carrier Qatar Airways finalized a US$19 billion order for 50 Boeing 777-9 X planes and added options to buy a further 50.
Canada’s Bombardier also reached the 500 mark for deals for its Q400 turboprop model and for its CSeries airliner as it announced three contracts involving 20 aircraft.
Aircraft leasing firms also continue to splash, dominating orders at the world’s biggest air show this week as they bet on years of growth in emerging markets in the Gulf and Asia.
Reflecting the flurry of activity around chalets in the first three days of the show, the biennial event has already outsold the 2012 show which saw US$72 billion of orders and commitments. Boeing led the order race ahead of the event, gaining 649 net orders as of July 8 versus 290 for Airbus.
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