Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Airbus beats Boeing on orders tally at Farnborough Airshow

Published 14/07/2016, 15:56
© Reuters. An Airbus A400M military transport plane is parked at the Airbus assembly plant in Seville, southern Spain
BA
-
AIR
-

FARNBOROUGH, England (Reuters) - Airbus (PA:AIR) flew past rival Boeing to end the Farnborough Airshow with 279 orders and commitments worth $35 billion (£26.3 billion) at list prices, but orders from both planemakers fell compared with the sister show in Paris last year.

Airbus, which had been behind Boeing leading up to the show, reported firm new deals for 197 aircraft worth $26.8 billion, led by demand for the largest version of its single-aisle A320.

Sales chief John Leahy said he was not worried about aviation markets overheating and rejected questions raised by rival Boeing (N:BA) over the quality of its order backlog.

Boeing said it had announced orders and commitments for 182 aircraft, though these included 42 that were already on its books and for which only the names of the buyers were disclosed.

Both companies said they were on track to meet their targets of matching orders with deliveries this year, as the industry braces for a period of flatter growth after a recent order boom.

Leahy acknowledged that orders were lower this year.

"Yes there is an orders cycle but deliveries have been very smooth," he said.

Boeing appeared to have won 19 firm orders at the show, where it also reported over 100 provisional new deals.

© Reuters. An Airbus A400M military transport plane is parked at the Airbus assembly plant in Seville, southern Spain

Airbus ended last year's show in Paris with orders and commitments for 421 aircraft worth $57 billion, against 331 aircraft worth $50.2 billion for Boeing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.