Aerospace & Defense

Airbus, Boeing Add to Paris Order Books

Airbus A320neo
Source: Airbus Group NV
For those of us keeping score at home, the Paris Air Show is turning once again into a nail-biter. The Boeing Co. (NYSE: BA) and European rival Airbus Group announced more than 200 new orders — some firm, some not — on the first day of the show.

But Tuesday was a Boeing day, with the company taking a firm order for 100 of its 737 MAX 8s from leasing giant AerCap Holdings N.V. (NYSE: AER). The company also announced orders for 40 additional 737s and a signed letter of intent for 20 more. At 8 a.m. ET Tuesday morning, Airbus had announced a single order for four A320s. Later in the day the company announced two more orders, one for 50 A320neos and one for four A330s.

But the Europeans are evening up the score a bit on Wednesday. So far Wednesday morning, Airbus has announced a firm order for six A321s from VietJetAir to add to its existing fleet of 25 A320 family planes. Airbus said that VietJetAir has ordered a total of 69 of its planes to date and has purchase rights for another 30. Airbus also said it signed a memorandum of understanding with an unnamed Asia-based airline for 60 of its A320neo aircraft. At list prices, that deal is worth about $6.4 billion.

Boeing did not fare that badly either on Wednesday morning. The company announced that it signed a memorandum of understanding for 20 of its 747-8 cargo jets from Russian carrier Volga-Dnepr Group. The deal is worth about $7.4 billion at list prices. Boeing also confirmed an order for six of the company’s 787-8 Dreamliners from Ethiopian Airlines. This order already had been reflected on Boeing’s order book as coming from an unidentified customer.

The U.S. company also announced the sale of its first BBJ MAX 9 to an unidentified European customer, a business jet based on the 737 MAX 9 commercial plane. Boeing said it has booked four previous orders for the BBJ MAX 8. This order had also been previously included on Boeing’s order book.

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