Airbus Strikes Deals In China, India Amid Brexit Concerns

18 July, 2018, 15:26 | Author: Regina Silva
  • Boeing starts air show with order for jets worth $4.7B

Chicago-headquartered Boeing could signal plans for its new midsize airplane (NMA), but reports suggest this could be derailed by the festering global trade war spearheaded by US President Donald Trump.

Airbus and Boeing are undergoing an unprecedented order boom for single-aisle aircraft driven by fuel-saving planes and growth in air travel, especially in Asia.

But business was brisk on the first day of the July 16-22 air show, though analysts will be watching closely to see how numerous deals are new, and how many involve adjusting earlier business or switching models - something not always easy to spot at first. "Our aerospace business thrives on free and open global trade and we're hopeful we're going to find solutions as alternatives to some of the tariff discussions that have been going on". Finding a positive outcome is important for both sides, he said.

In a speech officially opening the 2018 Farnborough International Airshow, she will tell an audience of aviation industry executives and United Kingdom business leaders that she wants to build on Britain's global reputation and make the most of future opportunities.

China's Sichuan Airlines said it will be buying 10 A350 long-haul planes with a list price of Dollars 2.8 billion (2.4 billion euros), while India's Vistara signed a letter of intent to purchase 13 single-aisle A320neo aircraft.

Sichuan Airlines is interested in 10 A350-900s, an order worth $3.2 billion.

DHL Express, a subsidiary of the Bonn-based Deutsche Post DHL Group, told press that it had placed a binding offer for 14 Boeing 777F planes and secured an option to acquire a seven additional cargo aircraft at a later point.

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Boeing, which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made a year ago to customers in China, one of the world's fast-growing aircraft markets. The biggest of those were a MOU for 80 of the jets by an "undisclosed" aircraft lessor and a "letter of intent" by India's Vistara for 50.

The $23bn AirAsia deal would give a boost to Airbus's slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family. Going into Farnborough, the plane maker was trying to iron out the last hurdles to a 60-jet order from David Neeleman, founder of JetBlue Airways, and a group of investors who are trying to start a new USA low-priced airline.

Airbus is seeking to jump-start the order book for its newly acquired C Series small jetliner, now dubbed the A220.

Boeing countered with a firm order from Air Lease Corp. "This has changed the whole landscape in terms of its credibility".

Airbus may talk up its possible new A321XLR, created to address a shortfall in transatlantic performance of its longest-range single-aisle jet and targeted at USA majors.

Airbus saw an A350 order from Taiwanese startup Starlux airlines.

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