Arab Today, arab today boeing airbus score big plane orders at farnborough
Last Updated : GMT 11:43:00
Arab Today, arab today
Arab Today, arab today

Boeing, Airbus score big plane orders at Farnborough

Arab Today, arab today

Arab Today, arab today Boeing, Airbus score big plane orders at Farnborough

New York - AFP

US planemaker Boeing and European arch-rival Airbus revealed multi-billion-dollar orders for their planes here on Tuesday as the Farnborough airshow took off from a slow start. Boeing unveiled a commitment to sell 100 upgraded single-aisle 737 planes worth a combined $9.2 billion (7.5 billion euros) at list prices to US leasing group GECAS. Though still to be finalised, the deal builds on Boeing\'s announcement Monday -- the first day of the Farnborough show -- of a contract worth $7.2 billion for 75 of its short-haul 737 MAX jets with US group Air Lease Corporation. Airbus also came good on Tuesday, surprisingly announcing that Hong Kong airline Cathay Pacific had ordered 10 of its future long-haul A350 planes worth $3.2 billion. Cathay also agreed to convert 16 of its existing orders for the A350-900 to the larger A350-1000, earning Airbus another $1.0 billion. The deal was a boost for Airbus, a day after it revealed only a tame order for four of its upcoming single-aisle neo passenger planes -- a rival to Boeing\'s MAX series -- to Arkia Israel Airlines for a combined $453 million. Also on Monday, Airbus chief executive Fabrice Bregier conceded that there could be new delays to the delivery of its A350 plane which is due to enter service in mid-2014. Speaking of the Cathay deal, Bregier said: \"This announcement from one of the world\'s most highly respected airlines is a clear endorsement of the unbeatable operating economics offered by the A350-1000. \"The A350-1000 will be a game changer in the 350-seat category, offering outstanding payload-range capability and a 25 percent reduction in fuel burn.\" The A350 is a response to Boeing\'s 787 Dreamliner, which is now flying after long technical delays. The real battle though at the latest Farnborough show -- a key biennial event in the aviation sector calendar -- was for orders of short-haul aircraft. Boeing is seeking to steal a march over France-based Airbus, which has enjoyed great success in the single-aisle sector with firm orders for its A320neo. The US company on Tuesday revealed a commitment by GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s. \"Boeing looks forward to working with GECAS to finalise the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order,\" it said. Boeing\'s 737 MAX is an upgraded and more fuel-efficient version of the 737, the world\'s best-selling commercial airplane. The first 737 MAX is scheduled to be delivered in 2017, two years after the neo, which has been billed as a more fuel-efficient A320 thanks to engine upgrades. The 737-800 is meanwhile already in service. Despite Boeing\'s success at Farnborough regarding its 737 MAX planes, the US group is playing catch-up with Airbus in the market for upgraded single-aisle planes after the European rival enjoyed big success at last year\'s Paris airshow. Elsewhere on Tuesday, Canadian aircraft manufacturer Bombardier said it had signed a letter of intent with Latvia\'s airBaltic for up to 20 of its future CSeries planes looking to compete with the neo and MAX. Bombardier said the airBaltic deal for its CS300 planes, which are due to enter service in late 2013, could be worth up to US$1.57 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boeing airbus score big plane orders at farnborough Arab Today, arab today boeing airbus score big plane orders at farnborough

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boeing airbus score big plane orders at farnborough Arab Today, arab today boeing airbus score big plane orders at farnborough

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday