Economy

Boeing Beats Airbus; Shares Set To Fall

Boeing Beats Airbus; Shares Set To Fall”

Xiamen Airlines will work closely with Boeing and relevant stakeholders to finalize the agreement for 10 737 MAX 10 Airplanes, which requires the approval of Xiamen Airlines' board of directors, the China Southern Airlines Company Limited's board of directors, as well as the Chinese Government.

According to Boeing's new 2017 Current Market Outlook released one June 21, airlines around the world will require more than 41,000 airplanes over the next 20-years, valued at $6.1 trillion. It used this week's Paris Air Show to unveil plans for enhancements to the plane's sizable wing to help boost fuel efficiency 4%, in the latest in a series of design tweaks to help lure customers.

Pledges to buy the new single-aisle 737 Max 10, which Boeing began marketing in Paris to rival Airbus's A321neo, amounted to 361 airliners, he said.

"We are continuing to see strong energy in the marketplace", said Boeing chief executive officer Dennis Muilenburg, predicting that new orders should roughly match deliveries this year. With this announcement, Copa Airlines is one of the launch customers for the 737 MAX 10 airplane and will be the first airline in Latin America to operate the newest addition to the MAX family.

Boeing [NYSE:BA] and Malaysia Airlines Berhad (Malaysia Airlines) today announced an order for 10 737 MAX 10s, valued at $1.25 billion at list prices, at the Paris Air Show.

Boeing now expects 29,530 deliveries in the medium-haul single-aisle category, which is popular with low-priced airlines.

Air Lease announced the delivery of its first new Airbus A321-200neo on long-term leases to WOW air. CBD Aviation, which on Monday bought planes from Boeing, signed for 45 Airbus narrowbodies on Tuesday. Both manufacturers have had to cut output of four-engined jumbos. Double-decker superjumbos with four engines, such as Boeing's 747, were once viewed as the future of air travel between global hubs.

Final score: Boeing 571, Airbus 326.

In a late flurry on Thursday morning, Airbus signed deals for nearly 100 aircraft, with AirAsia and Iranian carriers Zagros Airlines and Iran Airtours. The aircraft lessor's CEO John Plueger said "With these additional 12 units, ALC's growing 737 MAX order book now stands at 130 aircraft - and we are placing them rapidly".

Industry watchers said the veteran Airbus sales chief could pull off a signature last-minute deal to avoid an unusual defeat at the European company's home event.



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