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.



Like this

Latest


27 June 2017
5 left backs who could replace Charlie Taylor at Leeds United
Taylor came through the youth ranks at Leeds and quickly established himself as a key man and an exciting talent at Elland Road. Able to also cover in midfield, he could prove useful in the demands of the Premier League for a small fee.

27 June 2017
China protests "trespassing" by Indian soldiers
The Chinese forces had in November 2008 destroyed some makeshift Indian army bunkers at the same place. Beijing also said the fate of Kailash Mansarovar Yatra depended on New Delhi .

27 June 2017
Mattis blames Congress for lack of military readiness
The defense secretary's remarks Tuesday to the Senate Armed Services Committee followed criticism from the panel's chairman, Sen. In the last ten years, Congress has passed 30 separate stopgap budget measures, he said . "It's about authorities.

27 June 2017
Fatal crash on Victoria Road in Northcote
An investigation, overseen by Professional Standards Command, will be conducted according to normal procedure, police confirmed. He hit a parked vehicle , a fence and two other parked cars before being found by officers, lying on the road.

27 June 2017
IRS warning of continued tax-related scams nationwide
Those who do respond are told they must make immediate payment either by a specific prepaid debit card or by wire transfer. Legitimate debt collectors, including those acting on behalf of the IRS, will not claim the police are on their way.

27 June 2017
Fatherhood is my sole goal : Shayne Ward
And that's despite the awkward love triangle. What I appreciate from Coronation Street is. Let us know over on Facebook and Twitter.

27 June 2017
Mauro Ranallo Returning To WWE, To Call NXT
It was nice to see someone with his talents on the main roster, but NXT is by far a much better fit for someone like Mauro. His contract with Bellator MMA is still active, and he will still call the Mayweather vs McGregor fight in August.

27 June 2017
How Analysts Feel About First Republic Bank (NYSE:FRC)?
Creative Planning now owns 1,160 shares of the bank's stock worth $109,000 after buying an additional 60 shares during the period. The stock of First Republic Bank (NYSE:FRC) earned "Hold" rating by BMO Capital Markets on Thursday, March 23.

27 June 2017
Supreme Court to Hear Case Gay Wedding and Bakery Case
In the cake case, Charlie Craig and David Mullins approached Masterpiece Cakeshop to order a cake for their wedding reception. Phillips has contended that the law violated his rights to freedom of speech and the free exercise of religion .

27 June 2017
Cara Therapeutics, Inc. (NASDAQ:CARA) Experiencing Unusual Activity Mid-day
HC Wainwright restated a "buy" rating and set a $30.00 target price on shares of Cara Therapeutics in a report on Thursday. It worsened, as 42 investors sold WU shares while 211 reduced holdings. 7 funds opened positions while 17 raised stakes.



Recommended