Britain is buying nine new Boeing P-8A Poseidon military aircraft in the first big deal announced at the Farnborough International Airshow.
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Boeing’s largest deal was with China’s Donghai Airlines for 25 737 Max 8 single-aisle planes and five 787-9 Dreamliners, valued at $4.1 billion.
As this year’s show in Farnborough wraps up, Airbus can count 279 orders and commitments worth $35 billion at list prices, including firm orders for 197 aircraft valued at $26.3 billion. The trend is prompting low-priced operators that have already amassed large order backlogs to add even more planes, with India’s SpiceJet Ltd also weighing an order for as many as 100 737s or A320s, though not certain to reach a decision this week.
In addition to this, Boeing also signed a Memorandum of Understanding (MoU) with Kunming Airlines today to buy 10 737 Max-7 commercial aircraft.
An unidentified Chinese customer committed to 30 Boeing 737s, worth more than $3 billion.
The Defense Ministry says the cost of delivering the deal, including paying for training of people, infrastructure and necessary support, will be around 3 billion pounds ($3.88 billion) over the next decade.
The Airbus A350 jet airliner takes part in a flying display at the Farnborough Airshow, south west of London, on July 12, 2016.
Air Asia, already the biggest single-aisle aircraft customer for Airbus, is increasing its bet that economic growth from India, China and Vietnam will spawn millions of new fliers in the world’s most populous continent.
The company said it expects to deliver 12 of the planes per year starting in 2018, down from 27 in 2015.
Airbus, which traditionally fights USA rival Boeing for blockbuster order announcements at Farnborough, southwest of London, revealed a $4.4-billion (3.9-billion-euro) firm order from Virgin Atlantic for 12 wide-bodied Airbus A350-1000 jets.
Fernandes said his airline, which now has ordered a total of 575 Airbus jets, saw brisk growth across the region and could have bought even more.
This year, orders were weak overall, and analysts are concerned that Boeing and Airbus won’t reach their projected sales targets for the year. But it said that reducing production is a prudent step in view of current order trends.
“On the commercial side of the business, we were pleased at the confidence our customers displayed in our portfolio of airplanes and services with significant orders and other announcements”, Muilenburg said. The deal effectively doubles the 72 Airbus A321neos the low-priced carrier ordered in 2011.
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In further evidence of efforts to galvanize what has been a relatively quiet start to the biennial air show, CFM GE.N SAF.PA and Pratt & Whitney UTX.N were competing for the right to supply engines for the A321neos, with negotiators huddled over papers in the corner of an airline award ceremony.
