• Chidozie Uzoezie

Boeing and Airbus Rake in Over $100 Billion in Aircraft Orders

The two world's leading aircraft manufacturers, Boeing and Airbus, have smiled to the banks with billions of Dollars raked in from hundreds of aircraft orders at the 2017 Paris Air Show.

Though not as many others as they would have loved to win, the two manufacturers did win hundreds of orders from both existing and new customers totaling $114.5 billion with Boeing coming out the winner.

Boeing ended the show with 571 new orders and commitments valued at $74.8 billion at list prices. 361 of the orders are from the Boeing 737 MAX 10 which was launched on the first day of the Paris Air Show. Fifty-eight orders/commitments were placed for the Boeing 777 and Boeing 787.

According to Boeing, the wide market acceptance of the newly launched 737 MAX 10 endorses it as the industry's most efficient and profitable single-aisle airplane.

Major customers for Boeing were United Airlines who ordered 100 Boeing 737 MAX 10s and unidentified customer who ordered 125 Boeing 737 MAX 8 planes.

Airbus on its part, announced $39.7 billion worth of aircraft orders during the 2017 Paris Air Show. The company 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.

A320 Family aircraft accounted for a total of 306 aircraft worth $33.8 billion comprising of 132 firm orders worth $14.7 billion, and Memorandum of Understanding for 174 aircraft worth 19.1 billion.

In the Widebody segment, Airbus won firm orders for 20 aircraft worth $5.9 billion, comprising 12 firm orders worth $3.6 billion and MoUs for eight aircraft worth 2.3 billion.

Among the major customers who ordered airbus aircraft were GECAS with 100 A320neos and Viva Air who ordered 50 A320ceo/neo airplanes.

It should be noted however, that this is the first time Boeing would win the order race at the Paris Air Show against Airbus since the 2012 edition.

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#Boeing #Airbus #Boeing777 #Boeing787 #Boeing737MAX #A320 #A320neo

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