Germany’s Germania has ordered 25 single-aisle fuel-efficient Airbus A320neos worth US$2.6 billion at list prices, one day after announcing a blockbuster US$4.4 billion deal for 12 wide-bodied A350-100s with Virgin Atlantic.
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Analysts say that this year, there will likely be a lot of talk about whether Boeing plans to build a new jet. “It will allow us to bring higher passenger volumes with the same slots, therefore providing immediate benefits to the airports”, Fernandes was quoted in a statement as saying.
Spicejet are said to be interested in ordering as many as 100 airplanesTwo years ago the Indian firm were in trouble as creditors pulled away and oil companies were refusing to refuel its aircraft.
It predicts the world will need 39,620 new airplanes worth US$5.9 trillion in the next two decades, but continued to revise down the forecast demand for large jets with more than 400 seats such as its B747-8.
Chicago-based Boeing – which celebrates its centenary this year – finalised an order with German travel giant TUI Group for ten single-aisle 737 Max 8 jets plus the option for a long-haul 787-9 Dreamliner, worth a total of $1.4 billion.
Europe’s Airbus and US rival Boeing have enjoyed years of strong growth thanks to rising air travel and demand for new fuel-efficient models.
Two of the aircraft will be delivered next year, with the remainder in 2018.
But analysts are anxious economic risks – from slowing growth in China to Britain’s move to leave the European Union – could see orders dry up and some even cancelled, particularly for larger twin-aisle jets.
Ahead of the Farnborough International Air Show it would have been fair to assume that Brexit may have put a dampener on proceedings, but instead it was the torrential downpour that did just that, causing the event to cancel flight displays and close its doors early.
The aircraft order was previously listed as an unidentified customer with Boeing.
“For both Boeing and Airbus, the question still isn’t whether or not all the aircraft they produce will have a taker, but who this taker will be and at what price”, said Bertrand Grabowski, managing director at Germany’s DVB Bank.
Airplane manufacturers Boeing and Airbus are competing for a contract with revived Indian airline SpiceJet Ltd. for as many as 100 planes.
Boeing is also waving what it calls the “middle of the market” sector, trying to hook airlines on to what could lead to the development of a new aircraft if there is sufficient interest.
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“They are valued off an optimistic picture of 2019 and 2020, not off a very expensive and underpeforming near term”, said Agency Partners Nick Cunningham.
