Airbus, Boeing try to outdo in deals
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THE bitter battle between fierce aerospace rivals Airbus and Boeing cranked up a gear yesterday with German and Chinese airline orders topping the bill at the Farnborough air show.
Germany’s Germania has ordered 25 single-aisle fuel-efficient Airbus A320neos worth US$2.6 billion at list prices, one day after announcing a blockbuster US$4.4 billion deal for 12 wide-bodied A350-100s with Virgin Atlantic.
Yesterday’s firm aircraft order, for delivery from 2020 onward, will double the Germania Group’s current fleet of aircraft.
Later on, Iceland’s low-cost carrier WOW agreed to buy four A321s worth US$460 million.
Airlines typically negotiate sizeable discounts to catalog prices so the actual cost of the aircraft is likely to be lower.
“We are delighted that Germania Group has renewed its confidence in Airbus to further expand its Airbus fleet,” said Fabrice Bregier, president and CEO of Airbus.
“By operating the A320neo, the airline will benefit from further fuel efficiency and latest cabin innovations with unmatched comfort for their passengers.”
Berlin-based Germania Group flies to destinations in Europe, North Africa and the Middle East from mainly German, Swiss and British bases.
Boeing fought back with a volley of deals for the sale of its commercial aircraft — with particularly keen demand from China.
Seattle-based Boeing — which celebrates its centenary this year — finalized an order with German travel giant TUI Group for 10 single-aisle 737 Max 8 jets plus the option for a long-haul 787-9 Dreamliner, worth a total of US$1.4 billion.
Air Lease Corp doubled an order to six 737 MAX 8s worth US$660 million.
ALC has 180 jets on order with Boeing, which represents the company’s largest backlog for any leasing customer.
Turning to emerging markets, the US planemaker added upbeat news from China.
Kunming Airlines has indicated an interest in purchasing 10 737 MAX 7 airplanes valued at US$902 million.
The deal would make Kunming — whose fleet comprises only Boeing jets — the launch customer in China for its improved 737 Max 7 airplane.
The airline is based at Changshui International Airport in Yunnan Province, and its majority shareholder is Shenzhen Airlines.
Kunming has grown rapidly since launching in 2009 and now serves more than 40 cities across China with its fleet of eight 737-700s and 11 737-800s.
Boeing added yesterday that another unnamed Chinese carrier has signed a commitment for 30 737 jets worth over US$3 billion. The planes are a mixture of 737 MAX and Next-Generation 737s.
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