Airbus clinched its first airline customer for a newly revamped model with a tentative deal with Malaysia's AirAsia for 50 A330neo wide-body jets worth over $13 billion on Tuesday. The deal was sealed with a peck on the cheek from the French boss of Europe's largest planemaker for AirAsia founder Tony Fernandes, who told the Farnborough Airshow: "We're Airbus's largest plane customer and definitely the most loved".
Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough Airshow, garnering nearly twice as many orders and commitments. Airbus says its orders and commitments for 496 aircraft were valued at $75 billion. Demand for its A320 neo, or "new engine option," was particularly strong. Boeing, meanwhile, secured business worth $40.2 billion for 201 airplanes.
Airbus and Boeing climbed close to the $100 billion mark for plane deals at the Farnborough Airshow on Wednesday, 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 have stoked fears of a sharp slowdown in demand for new aircraft or even cancellations.
Airbus announced a revamp of its twin-aisle A330 passenger jet on Monday, sharpening a contest with Boeing for up to $250 billion of orders at the core of the market as the start of the Farnborough Airshow fueled a debate about new technology.
Boeing is expected to start Europe's big air show with orders from at least two leasing companies-deals that should help the U.S. plane maker consolidate its lead in orders over Airbus this year. Dipti Kapadia discusses with Matthew Curtin from the airshow.
It is day two of the Farnborough Air Show and jetmakers are raking it in. But some have been winners more than others. Airbus Group has a lead over Boeing after receiving a string of orders which totaled a record $21 billion.
As Boeing and Airbus prepare to fight for jet orders at the Farnborough Air Show next week in the U.K., the Journal’s Robert Wall looks at what to expect in this next round of competition from the rival plane makers.
The world's largest planemakers returned to business as usual on day two of the Farnborough Airshow, inking deals worth about $25 billion with the industry's top financiers on Tuesday after an ill-tempered clash over their latest aircraft designs. The flurry of business deals involved names that mean little to most travelers but which keep the wheels turning of a $100 billion annual market for jetliners that remain in hot demand in emerging markets, as the West limps out of recession.
Boeing plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with Europe's Airbus. Announcing the move on the eve of the Farnborough Airshow, the head of the U.S. planemaker's jetliner branch said on Sunday the 200-seat variant would be five percent cheaper to operate.
A record breaking six billion dollar deal for Airbus as it clinched the largest ever single order. AirAsia X signed a contract for 25 new A330s taking their total fleet to 57 by 2019. Airbus CEO Fabrice Bregier.