Big Orders at the Paris Air Show
Airbus and Boeing battle it out for the limelight and make big announcements.
The Paris show comes amid revived fortunes for the commercial airline industry. After two years in the red, the industry will make a profit of just over $5 billion this year, despite rising fuel costs, says the International Air Transport Association, whose 250 members claim to represent 94 percent of international air traffic.
Airlines often reserve big announcements for the show to ensure maximum impact. At the last show in 2005, Airbus announced orders worth $33.5 billion, double Boeing's $15 billion based on list prices -- which are usually discounted for the deals.
Away from the rivalry between Boeing and Airbus, Rolls-Royce PLC said Monday it had received the largest-ever firm engine order for its civil aerospace business from Qatar. The $5.6 billion order is for Trent XWB engines to power Qatar's new fleet of 80 Airbus A350 XWB twinjets, with deliveries beginning in 2013.
Copyright 2007 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
- « Previous Page
- 1
- 2
- Next Page »
We Recommend
-
News
Qatar Airways Signs New Contract for More A350 Jets
Ailing Airbus strikes blow in battle with Boeing after Qatar Airways orders 20 A350s
-
News
Airbus lands big orders as Paris Air Show opens
Airbus SAS is back in the game. Or at least that was the message company officials sought to send Monday as they kicked off the Paris Air Show by announcing a series of airplane orders, including...
-
News
Airbus Beats Boeing to Libyan Plane Order
Airbus said that the deal was a sign of confidence in the company.
-
Press Release
Qatar to order 80 Long-Range Airbus Jets
Airbus rescued an order from Qatar Airways for 80 A350 XWB long-range planes after designing a wider body and wings to beat out Boeing's rival 787 Dreamliner.
