Boeing vs Airbus: $77 billion in deals in under 2 hours

by Frankie Norman November 16, 2017, 0:52
Boeing vs Airbus: $77 billion in deals in under 2 hours

The largest worldwide airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10.

Airbus has signed a deal to sell 430 jetliners, one of the largest orders in the history of commercial aviation.

The Indigo deal would more than double Airbus's existing order book for the year, which stood at about 290 aircraft as of October 31.

Wednesday's deal will see the 430 aircraft split between the Phoenix-based equity firm's Frontier Airlines and three other ultra low-priced airlines, including Mexico's Volaris; Hungary's Wizz Air; and Chile's JetSMART.

Indigo Partners' managing partner, Bill Franke agreed the deal with Airbus after he flew into the Dubai Air Show earlier Wednesday.

"Just to clarify: This is not an A380 press conference", joked John Leahy, Airbus' sales chief, as the start of the announcement. We are proud to augment (Indigo Partner's) airline fleets in Latin America, North America and Europe with the single-aisle aircraft that offers the lowest operating costs, longest range and most spacious cabin.

The Gulf super-connector has hinted, along with many of its peers, that it sees the future in smaller more efficient aircraft.

Clark said the question of guarantees at the centre of the latest negotiations remained separate from the economic case for the aircraft itself, which continued to be the "poster" model for the Emirates network and a major profit-earner. However, airlines and manufacturers typically negotiate discounts on such deals. The new crop of aircraft will be added to the flydubai fleet from as soon as 2019. Boeing, for its part, chalked up more than 4,000 orders for the various versions of the 737 MAX. "This caps a terrific week for all of us at Boeing".

Leasing company AerCap will be providing 15 Airbus A320neo aircraft to the north African carrier, for delivery in 2020.

This year, however, Airbus's share of the two giants' combined order tally has dropped to 35 percent as a rejuvenated Boeing management made advances in Singapore and elsewhere. That's why the deals here are mostly multi-billion dollar newsworthy ones.


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