Airbus Beats Boeing in Air-Show Deals
July 14 2016 - 10:30AM
Dow Jones News
FARNBOROUGH, England—Airbus Group SE racked up $35 billion in
plane deals at the Farnborough Air Show this week, beating out
Boeing Co. which followed with $26.8 billion in preliminary or
final orders from customers.
Airbus and Boeing have been battling it out at the biennial
aerospace extravaganza southwest of London, one the aero-defense
sector's most important trade shows.
The European plane maker exited the event with 380 net firm
orders for the year, overtaking Boeing which had been ahead for
most of the year. The U.S. rival ended the air show with 321 net
orders.
Airbus has had a full-year target of at least 650 plane orders.
Airbus chief operating officer for customers, John Leahy, said
Thursday that the target was still attainable. Airbus said it
booked 197 firm aircraft orders.
Those deals are worth $26.3 billion. It also secured commitments
for another 82 planes, valued at $8.7 billion.
The biggest deal was budget carrier AirAsia Bhd., which bought
100 A321neo valued at more than $12 billion.
The order haul includes two Airbus A330 planes that British
Airways-parent International Consolidated Airlines Group SA said it
would buy for Aer Lingus.
Boeing said it would secure about 740 orders in 2016. The
Chicago-based plane maker said it secured 20 firm orders at
Farnborough valued at $3.3 billion at catalog prices, though
airlines typically get discounts.
Boeing's largest order announcement was a $4.1 billion deal with
China's Donghai Airlines for 25 737 Max 8 single-aisle planes and
five 787-9 Dreamliners.
Write to Robert Wall at robert.wall@wsj.com and Jon Ostrower at
jon.ostrower@wsj.com
Write to Robert Wall at robert.wall@wsj.com and Jon Ostrower at
jon.ostrower@wsj.com
(END) Dow Jones Newswires
July 14, 2016 10:15 ET (14:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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