Boeing wins hot Paris order race

Avolon chief executive Dómhnal Slattery said the order was the biggest the company had placed with Boeing to date.

Romanian low-priced carrier Blue Air has placed an order for six 737 MAXs 8 aircraft with United States aviation corporation Boeing.

Boeing has signed an agreement with an unidentified major airline customer for 125 737 MAX 8 airplanes, valued at more than $14 billion at list prices.

In its annual financial report, Ryanair said it carried 120 million passengers last financial year, up 13 percent on the previous 12 months, while its revenue rose by 2 percent to 6.7 billion euros (7.45 billion USA dollars). He also questioned whether the introduction of a fifth member of the MAX family would allow airlines to preserve the value of their assets for possible resale - a key barometer of aviation finance that influences both old and new prices.

The US planemaker said it had more than 240 orders and commitments from at least 10 customers for the new 737, which can carry up to 230 people in a single-class configuration.

Leahy also disclosed that he met with Tim Clark, head of Emirates airline which is the main customer of the A380, Airbus's superjumbo, that it has had to slow production of due to a lack of orders over the past 18 months.

In the first four months of this year, deliveries of new aircraft were worth up to £8bn to the United Kingdom, and the global backlog of orders remains close to record highs.

French President Emmanuel Macron officially opened the biennial Paris Air Show, arriving on a Airbus A400M military transport plane.

The contract includes global purchase coordination, deadline monitoring, plant material flow optimisation, warehousing, processing of aluminium and titanium products, as well as coordination of more than 550 Boeing and subcontractor production locations.

In a late flurry on Thursday morning, Airbus signed deals for nearly 100 aircraft, with AirAsia and Iranian carriers Zagros Airlines and Iran Airtours.

Boeing has taken a different direction with the launch of a new version of the twin-engine 737, the 737 Max 10.

On Monday the company announced the intent to buy 40 737 Max airplanes for an agreement valued at almost $4.74 billion.

And in non-737 news, Israel's El Al has firmed up an existing commitment for Dreamliners, ordering two 787-8s and one 787-9. The decision to exercise our option for an additional 15 737 Max 8 aircraft is a clear illustration of confidence in Monarch's future success.

  • Larry Hoffman