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Airbus beats Boeing at Paris Air Show
Paris (UPI) Jun 22, 2009 Defying the crisis in the aviation industry, Airbus trumped rival Boeing at this year's Paris Air Show. The European aviation giant said it had scored nearly $13 billion in aircraft orders and commitments. "Airbus' commercial performance shows that the airline industry continues to invest in the most fuel-efficient and environmentally friendly aircraft," Airbus CEO John Leahy said in a statement. "Our customers are addressing both the long-term industry growth as well as the necessary replacement of older less efficient aircraft." Airlines ordered 58 planes and committed to buy 69 more, the company said. Most of the customers hail from Asia and the Middle East, who bought mainly smaller jets for regional air travel. Qatar Airways ordered 24 single-aisle jets of the A320 and A321 class for a total of nearly $2 billion. Hungarian discount carrier Wizz Air announced plans to buy 69 A320 jets to support its growth in central and Eastern Europe. Other customers buying or committing for Airbus planes include Air Asia, Turkish Airlines and Air Vietnam. Rival Boeing scored only one $153 million order from Japan's MC Aviation Partners for two 737 aircrafts. The Americans nevertheless shrugged off Airbus' dominance at Le Bourget. The Europeans are saving orders up for announcement at the show, Boeing said. But its poor performance in France only underlines the problematic situation in the civil aviation industry. And even Airbus' order count is far below that of previous years. It's the worst year for the aviation industry in 15 years, observers say. The money the big two announced as order volumes will differ from the cash that actually is flowing into their bank accounts. Plane makers usually discount list prices for customers ordering a lot of planes, and observers say that because of the economic downturn, the discounts this year were especially attractive. Both Boeing and Airbus have been hit harder by order cancellations over the past months. Many companies have signaled they will be increasingly moving into the security and military sector, which has proved stable in times of crises. European Aeronautic Defense and Space Co., the Airbus parent, for example, has recently announced it wants to start building unmanned aerial vehicles, better know as drones. Share This Article With Planet Earth
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Airbus says Chinese bank could provide plane financingParis (AFP) June 22, 2009 Airbus said Monday it had signed a draft deal with China's ICBC bank under which the bank could provide 3.0 billion dollars (2.2 billion euros) to finance the acquisition of Airbus aircraft by Chinese carriers. "Airbus today signed a draft agreement with the Industrial and Commercial Bank of China ... covering cooperation in financing and leasing aircraft," the European aircraft manufacturer ... read more |
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