Airbus,
Boeing climb close to $100 billion in air show deals
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[July 16, 2014]
By Tim Hepher and Victoria Bryan
FARNBOROUGH England (Reuters) - Airbus
<AIR.PA> and Boeing <BA.N> climbed close to the $100 billion mark for
plane deals at the Farnborough Airshow on Wednesday, demonstrating
healthy demand for new passenger jets despite concerns raised by their
already record full order books.
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Recent profits warnings from the likes of Lufthansa <LHAG.DE> and
Air France-KLM <AIRF.PA> have stoked fears of a sharp slowdown in
demand for new aircraft or even cancellations.
On Wednesday, however, Gulf carrier Qatar Airways finalised a $19
billion order for 50 Boeing 777-9 X planes and added options to buy
a further 50, potentially doubling the size of the deal.
Canada's Bombardier <BBDb.TO> also reached the 500 mark for deals
for its Q400 turboprop model and for its CSeries airliner as it
announced three contracts involving 20 aircraft on Wednesday.
![](http://archives.lincolndailynews.com/2014/Jul/16/images/ads/current/LINCOLN_theater_011411.png) Aircraft leasing firms also continue to splash out, dominating
orders at the world's biggest air show this week as they bet on
years of growth in emerging markets in the Middle East and Asia.
Reflecting the flurry of activity around chalets in the first three
days of the show, the biennial event has already outsold the 2012
show which saw $72 billion of orders and commitments. The tally hit
$135 billion at last year's Paris Airshow.
Such deals range for provisional letters of intent to firm orders,
and can include the announcement of transactions that may have been
listed in order books to unidentified buyers.
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Airbus has racked up around $60 billion in orders and commitments at
the show, highlighted by this week's launch of the A330neo
twin-aisle jet, a re-engined, more fuel-efficient version of its
popular A330 series.
Boeing led the order race ahead of the event, gaining 649 net orders
as of July 8 versus 290 for Airbus.
(Additional reporting by Sarah Young, Andrea Shalal, Jason Neely,
Jack Stubbs; writing by Mark Potter; editing by Jason Neely)
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