Sky-high Orders Won By Boeing And Airbus

By Boeing Dreamscape via Wikimedia Commons

So far this week, Boeing and Airbus, the leading plane manufacturers, have been able to secure combined orders for almost 1,000 aircraft at the Farnborough AirShow, as the biggest calendar event of the United Kingdom for the defence and aerospace sector comes to a close.

In a week-long competition to settle multi-billion dollar deals, Boeing was able to beat Airbus to the top place with 528 new commitments and orders during the Airshow. It was boosted by a renewed increase in air cargo markets.

However, Airbus was able to secure commitments and orders for 431 aircraft, with a last-minute order from AirAsia raising the numbers up yesterday morning. Both the plane manufacturers have experienced a strong take-up of orders during the week. It was largely fueled by a series of unidentified buyers.

Yesterday, Boeing said that it had won an order for 100 737 MAX planes that are worth $11 billion (£8.5 billion) from an unidentified buyer.

During the first four days of the said Airshow, a total of around 1400 commercial aircraft have been ordered. It has an estimated value of approximately £150 billion.

The chief commercial officer at Airbus, Eric Schulz, stated: “Our year to date and our end of show commitments confirm the strong market appetite for all our leading aircraft product families.”

While Dennis Muilenburg, the president and chief executive of Boeing, stated: “Boeing led the way at Farnborough, demonstrating value for our customers, capturing important new business in products and services, and announcing the unique strength of our strategic partnership with Embraer.”

He continued: “We will continue to win in the marketplace thanks to our talented team, who innovate across our enterprise with One Boeing collaboration and deliver on our proven portfolio with relentless customer focus.”

The enormous orders that were brought in by the two plane makers were revealed in the same week as the government of the UK announced its plans for a sixth-generation fighter jet.

The new fighter aircraft is named “The Tempest.” It is a part of a long-awaited combat air strategy that is aimed at bolstering the defence capabilities of the UK post-Brexit.