Boeing beats Airbus in order race at Paris show
- Author: Zachary Reyes Jun 23, 2017,
Jun 23, 2017, 9:25
Boeing won orders and expressions of interest for about 370 planes worth as much as $52 billion in the three days through Wednesday, compared with Airbus's tally of 229 airliners valued at about $25 billion.
Boeing and Ryanair finalized an order today for 10 additional 737 MAXs at the 2017 Paris Air Show.
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has signed a firm order for 100 A320neo Family aircraft at the 52nd International Paris Air Show.
Boeing says it is increasing production of its 737 range from 42 to 47 planes a month by the end of 2017 and will reach 57 a month by 2020 to meet demand.
While he did not expect the MAX 10 to be a viable competitor to the A321, Leahy said the Boeing plane's launch could result in price pressure. Boeing's chief plane salesman Ihssane Mounir said the conversions were partly a reflection of buyers wanting to move quickly to acquire the new plane.
Airlines will need 41,030 new airliners worth more than $6 trillion over the next twenty years.
Industry sources said that Airbus would soon announce an order for 10 of its A350-900 wide-body jets from Ethiopian Airways, while it also looked set to clinch a US$5 billion deal with low-priced carrier Viva Air Peru.
Founder and CEO Stephen Burns said, "What we're trying to do here is reinvent the helicopter, bring the helicopter down to where more of an average person can use it". TUI Group, Europe's largest tour operator, also converted orders for 18 aircraft. "Airlines wanted a larger, better option in the large single-aisle segment with the operating advantages of the 737 MAX family".
"If you bought a MAX 9 in the past I think you have got to worry about your residual values", Leahy said.
Qatar Airways said that it was sticking with plans to increase its fleet and routes, despite a diplomatic rift with four Arab countries that have closed their airspace to the company.
"The 737 MAX will complement our growing fleet and is the ideal aircraft for short to medium-haul operations across the Sahel region and Europe, feeding traffic into our hub airport at Nouakchott", said Mohamed Radhi Bennahi, chief executive officer, Mauritania Airlines.