What Boeing, Airbus Totals From The Paris Air Show Really Mean
- Author: Zachary Reyes Jun 25, 2017,
Jun 25, 2017, 21:09
"This order is yet another endorsement for the 737 MAX from one of our African customers", said Van Rex Gallard, vice president of Sales for Africa, Latin America and the Caribbean, Boeing Commercial Airplanes. Deliveries are expected to begin in late 2020.
Qatar Airways firms up an order for 20 Boeing BA.N 737 MAX jets after letter of intent previous year for up to 60 737 MAX 8 jets. Aviation professionals and spectators are expected at this week's Paris Air Show, coming in, in a thousands from around the world to make business deals.
The MAX 10 accounted for more than half of Boeing's total order book for the show, as the company sold 571 jets worth $74.8 billion.
Once again, the bulk of Wednesday's contracts involved single-aisle airplanes, and again Boeing's 737 Max 10 drew headlines, leading with a 10-aircraft MOU with Xiamen Airlines worth $1.2 billion.
SpiceJet who is India's fourth largest airline signs a deal to buy 40 Boeing 737 Max 10 jets at the cost of ₹30,298 crores.
Over three dozen pledges were received by Boeing at the Paris Air show for the new Max 10 that the Chicago, Illinois-based plane manufacturer is planning to launch.
New "plus"-size version Airbus will also showcase its new long-haul model A3501000 and Boeing its 787-10 Dreamliner, while Ukraine's Antonov will present its 132 D. Airbus will have on hand a new "plus"-size version of its A380 as it tries to revive interest among airlines in the superjumbo double-decker aircraft". Boeing sees the market could value at $8.5 trillion over two decades, adding an average 4 percent in the next years.
Airbus launched a new digital platform and Boeing forecast big growth in demand for technology and data to guide aviation industry decisions.
"We think the 737 MAX 10 is a competitor to the (MAX) 9 and that's why a lot of people are converting", Airbus sales chief John Leahy told Reuters.
"In fact, frankly, we look at the demand for really big airplanes and we find it hard to believe that Airbus will be able to deliver the rest of their A380s in backlog", Marketing Vice-President Randy Tinseth said in a briefing. Embraer also signed a memorandum of understanding with another unidentified airline for 20 E190-E2s.