Paris Airshow Roundup: Business is Good
Orders in the multiple $ billions were announced by airplane and engine manufacturers, while the A350 XWB took its first flight.
Aircraft Orders from Majors
Boeing, in a press release dated June 20, announced “a strong and productive Paris Air Show launching its newest model, the 787-10 Dreamliner” The company also noted that a number of planes attracted, orders including, the Next-Generation 737, 737 MAX, 787, 777 and 747-8, for a total of commitments for 442 Boeing airplanes, valued at more than $66 billion.
Not to be outdone, in a press release also dated June 20, Airbus announced winning $68.7 billion worth of new business in 466 aircraft orders. “he deals comprise Memoranda of Understanding (MoU) for 225 aircraft worth US$29.4 billion and firm purchase orders for 241 aircraft worth US$39.3 billion.” Significant for Airbus was 20 new orders for the A380, the world’s largest airplane that may not be as profitable as it is big. Doric Lease Corp was announced as the buyer in a deal worth more than $8 billion. “The contract with Doric is significant as it opens up a new, additional route to market for the A380, which is now available to airlines who wish to acquire the aircraft under the flexibility of an operating lease agreement.”
Airbus also flew the A350 XWB for the first time, as reported by The AP, Bloomberg News (6/14, Rothman), and Reuters (6/14, Hepher) as well as Airbus (6/14).
Engine OEMs have a good show as well.
A number of engine makers also reported booking orders: In a press release dated June 20, GE Aviation announced “GE Aviation and its joint venture companies announced more than $26.5 billion in orders at this week's Paris Air Show.” CFM LEAP-1A and GEnx-1B engines figure prominently, as airlines continue to clamor for fuel saving technology. CFM, in a separate press release, took credit $15 billion in new orders.
Pratt & Whitney in a press release dated June 20 announced new orders for more than 1,000 engines, including options. While Rolls-Royce in a press release dated 21 June took credit for $4.7 billion in new orders at the conclusion of the show.