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Airbus, Boeing log almost $62 billion in airliner deals at Farnborough

Bombardier itself hopes to win fresh orders for its fuel-efficient C Series jetliner at Farnborough as it looks to challenge the dominance of Airbus and Boeing in medium-range, single-aisle aircraft.

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Boeing revealed its new Current Market Outlook at the show, forecasting a demand for 39,620 new airplanes valued at $5.9 trillion in the next 20 years.

All aircraft order values were given at current list prices.

Vietnam’s Jetstar Pacific Airlines signs memorandum of understanding for 10 A320ceo aircraft, worth $980 million at list prices. Of these, 1,440 will be passenger conversions and the remaining 930 aircraft, valued at US$270 billion, will be new says the company. Although discounts are customary in the industry, Air Bus still claimed that the purchase brings Air Asia’s total orders for A320-series planes from the European manufacturer to 575 aircraft.

Virgin Atlantic’s agreement to take 12 A350-1000s worth $4.4 billion includes eight planes purchased outright and four to be sourced from Air Lease Corp, according to the United Kingdom airline.

Boeing said it would secure about 740 orders in 2016.

Cargo Air, Lineas Aereas Suramericanas (LAS) Cargo, will each receive two 737-800BCFs.

Virgin Atlantic CEO Craig Kreeger, commented: “The size of this order demonstrates our absolute focus on investing in the future for our customers and our people, and confirms the strength of our business”. It also said it has the largest backlog of any Boeing customer, with 180 planes.

While the deal’s details have not been disclosed yet, it is forecasted to be worth around $30 billion, with jets such as the latest 737 Max and next-generation 737 variant.

Boeing added yesterday that another unnamed Chinese carrier has signed a commitment for 30 737 jets worth over US$3 billion.

Xiamen’s memorandum of understanding envisages the supply of Max 200s – based on the 737 8 but with an extra door that permits a capacity of 200 – to its low-priced Jiangxi Airlines and Hebei Airlines units, according to a statement issued at the show.

Air Europa is the first Spanish operator to order the 737 MAX.

It posted 227 aircraft orders before cancellations in the first half, compared with 309 for Boeing up to June 28. And Donghai Airlines chose 25 Max 8s worth $2.75 billion and five 787-9s priced at $1.32 billion.

The order includes an option for one additional 787-9. The planes are a mixture of 737 MAX and Next-Generation 737s.

U.S. rival Boeing meanwhile said that China’s state-owned Xiamen Airlines had expressed interest in 30 single-aisle 737 MAX 200 planes – a deal that would amount to $3.39 billion (3.07 billion euros).

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The 737 MAX is the fastest selling airplane in Boeing history, with orders now totaling more than 3,200.

Airbus, Boeing log almost $62 billion in airliner deals at Farnborough