Benzinga - by Surbhi Jain, .
Airbus SE (OTCPK: EADSF) (OTCPK: EADSY) made significant strides in the aviation market by clinching orders for 65 jets from two of Boeing Co‘s (NYSE:BA) key Asian customers, dealing a blow to its struggling American rival amidst a sprawling manufacturing crisis.
Airbus clinched orders for 65 jets from two of Boeing’s key Asian customers on Thursdaybyu/Zhukov-74 instocks
A recent post on r/stocks by Redditor Zhukov-74 invited fellow Redditors to comment on the news.
The orders, particularly from Japan Airlines and Korean Air, underscored Airbus’s growing foothold in Asia, traditionally dominated by Boeing.
- Japan Airlines (JAL) announced plans to purchase 21 wide-body A350-900 and 11 A321neo narrow-body jets from Airbus, marking its first foray into smaller single-aisle jets from the European rival.
- Korean Air, South Korea’s largest carrier, disclosed a $13.7 billion deal to acquire 33 A350s, signaling a strategic shift away from Boeing as it prepares for a merger with Asiana Airlines.
Responses from Reddit users also shed light on broader sentiments surrounding the aviation industry. Some expressed frustrations with Boeing’s management practices, suggesting a need for significant reforms to restore the company’s former glory. Others highlighted the significant backlog of orders for both Boeing and Airbus, indicating ongoing demand despite the challenges faced by Boeing.
Redditors also discussed the potential repercussions for Boeing’s market position and Airbus’s expansion strategies.
Conversations on Reddit delved into potential investment opportunities associated with Airbus amid its recent victories in the Asian market. Users contemplated options such as investing in engine manufacturers linked to Airbus aircraft, recognizing the interconnected nature of the aviation industry.
Names such as Safran SA (OTCPK:SAFRF), Rolls-Royce Holdings PLC (OTCPK:RYCEF), General Electric Co (NYSE:GE), RTX Corp (NYSE:RTX):
Commentbyu/Zhukov-74 from discussion
instocks
- P&W is Pratt & Whitney, an American aircraft engine manufacturer, a subsidiary of RTX Corporation.
- RR is Rolls-Royce PLC’s aerospace segment which manufactures aircraft engines.
As the battle between Airbus and Boeing intensifies, with Airbus gaining momentum in key markets and Boeing grappling with internal challenges, investors and industry observers closely monitor developments, anticipating the future trajectory of these aviation giants.
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