Chinese firms tied to 200 anonymous Airbus air show orders

21 July, 2018, 17:54 | Author: Regina Silva
  • Boeing announced a total of 673 orders and commitments for planes compared with 571 at last year's Paris Air Show. Airbus' tally of 431 was up from 326

The Farnborough Airshow is typically one of the world's most publicity-focused business events, with plane giants and airline entrepreneurs battling to win headlines for striking big deals under the roar of aerobatic plane displays.

AirAsia co-founder Tan Sri Tony Fernandes, a regular at airshows but who did not attend Farnborough this year, was also expected to expand the A330neo deal by around 30 aircraft to bring the order close to 100, worth US$30 billion at list prices, they said. It also announced a transaction for as many as four 777s with Dubai-based lessor Novus Aviation Capital. "This is a significant commitment that reflects the strong demand for the MAX and the health of the single-aisle market", said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company.

With a deal worth $2 billion over the next few years Russian cargo outfit Volga Dnepr signed confirmation of an order for five Boeing 747-8 Freighters, whilst United Kingdom based CargoLogicHolding signed a deal which included a letter of intent to acquire 29 Boeing 777 Freighters and an agreement to work together on future freighter projects.

The commitments, valued at almost $11 billion at current list prices, were announced at the 2018 Farnborough International Airshow in the UK.

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Earlier in the week logistics outfit DHL committed to 14 more Boeing 777 Freighters, and purchase rights for 7 additional similar aircraft in an agreement worth $4.7 billion. Boeing reports that the order makes the Dreamliner the fastest-selling widebody aircraft in history.

However, Airbus secured orders and commitments for 431 aircraft, with a late order from AirAsia pushing numbers up yesterday morning. The move comes just one day after the carrier placed an order for Boeing 737s.

Airbus meanwhile won a provisional order for 10 A320neo jets from SaudiGulf, industry sources said.

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