-T / T / +T | Comment(s)

Friday, June 21, 2013

Paris: Airlines Order $134 Billion Worth of Boeing, Airbus Planes

By Woodrow Bellamy III

The 2013 Paris Air Show featured strong demand for new commercial aircraft from both Boeing and Airbus, with the two manufacturers selling a combined $134 Billion worth of new air frames. 
 
Airbus received orders for a total of 466 aircraft worth $68 billion, while Boeing announced 442 new orders worth $66 billion. Both companies also featured some of their latest products at the show, with Airbus discussing the first flight of its A350 XWB, and Boeing launching the largest variant of its 787 Dreamliner family, the 787-10. 

The biggest orders came from European carriers for both companies with Easyjet purchasing 135 new engine option Airbus A320s, and Ryanair ordering 175 Boeing 737-800s.
 
Both companies are promising strong fuel improvements with future generation aircraft, sparking interest from carriers looking to reduce the burning of one of their biggest operating expenses, jet fuel. 
 
Strong demand for new aircraft at the show is a sign that airlines are preparing for future growth, with the International Air Transportation Association (IATA) expecting air passenger traffic to grow at 5 percent annually over the next decade.  
 
"Our A350 XWB has been out-selling the 787 by better than 2- to-1 over the last five years," said John Leahy, chief operating officer at Airbus. 
 

Going forward, Boeing is projecting orders to exceed deliveries for the year, which its annual forecast lists as being up to 645 aircraft.  

Related: Aviation Today's Checklist

Live chat by BoldChat