Saturday, July 13, 2024
Boeing and Airbus cash in at the Paris Air Show

Boeing and Airbus cash in at the Paris Air Show

Boeing just about won the order battle with Airbus at this week’s Paris Air Show as the two aircraft manufacturers picked up aircraft orders valued at $74.8 billion and $39.7 billion, respectively.

At the show, Boeing launched the B737 MAX 10, the newest member of the 737 MAX family, with more than 361 orders and commitments from 16 customers worldwide. It gained a total of 571 aircraft orders in France.

Among orders were Ethiopian Airlines ordering two Boeing 777 Freighters while UPS signed for three B767 Boeing Converted Freighters.

Airbus won commitments for a total of 326 aircraft, including firm orders for 144 aircraft worth $18.5 billion and MoUs for 182 aircraft worth $21.2 billion.

They included 306 A320 Family aircraft worth $33.8 billion while in the widebody segment it won orders orders for 20 aircraft worth $5.9 billion including Ethiopian Airlines for 10 A350s.

Further to the new orders, the show also saw a repeat order from DHL Express for four more A330-300 Passenger-To-Freighter conversions, in partnership with EFW and ST Aerospace.

This week, Boeing revealed its 2017 Current Market Outlook where it raised its 20-year outlook to more than 41,000 new aircraft, valued at $6.1 trillion.

Airbus forecasted in its Global Market Forecast 2017-2036 on 14 June that 34,170 passenger and 730 freighter aircraft worth a combined total of $5.3 trillion will be needed in the next 20 years.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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