Economy

Boeing outsells Airbus at Paris show

Boeing outsells Airbus at Paris show

"In fact, frankly, we look at the demand for really big airplanes and we find it hard to believe that Airbus will be able to deliver the rest of their A380s in backlog", Marketing Vice-President Randy Tinseth said in a briefing. "The 737 MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat costs ever and will help Copa Airlines grow their business and win market share in the competitive single-aisle market".

With the latest advances in engines and aerodynamics, they promise significant fuel savings to airlines, which have responded with hundreds of orders for single aisle aircraft that are the workhorses of their fleets.

Boeing (NYSE:BA) unveiled a new version of its bestselling 737 aircraft at the world's biggest air show, held in Paris.

With the Max 10, Boeing is hoping to stop the wave of customers defecting to Airbus A321neo which has received a significant number of orders since it was introduced three years ago.

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While he did not expect the MAX 10 to be a viable competitor to the A321, Leahy said the Boeing plane's launch could result in price pressure.

Today's order is a conversion from a previous order of 737 MAX 8 aircraft.

Design changes for the 737 MAX 10 include a fuselage stretch of 66 inches compared to the 737 MAX 9, and the aircraft has the capacity to carry up to 230 passengers.

Chinese low-priced carrier Ruili Airlines inked a memorandum of understanding (MOU) for 20 737 MAX aircraft valued at $2.2 billion at list prices.

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In a late flurry this morning, Airbus signed deals for nearly 100 aircraft, with AirAsia and privately-owned Iranian carriers Zagros Airlines and Iran Airtour.

It also won a boost from leasing giant AerCap for its 787 Dreamliner long-range jet, which sits in a category for which demand has been fragile over the past year. The aircraft lessor's CEO John Plueger said "With these additional 12 units, ALC's growing 737 MAX order book now stands at 130 aircraft - and we are placing them rapidly".

"So we have time", Tinseth said.

While demand for passenger jets may be faltering, there are signs interest in military aircraft is picking up after years in the doldrums due to government budget cuts and weak growth. Jumbo jets were not selling. That would be the biggest deal yet for the stealthy warplane, set to make its Paris Airshow debut this week.

Ronaldo sets Portugal on way to Confederations Cup semis
Russian players gathered in the middle of the pitch to salute fans after the final whistle and were applauded by the crowd. They cheered when Ronaldo was on the big screens, even during Portugal's national anthem.


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