Le Bourget: Paris Air Show Final Day

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Thursday was kept as the last trade-only day at Le Bourget. On Friday and Saturday the deal makers will move to their places around the runway to allow the visitors see aerobatic displays and the latest planes.

On the last day of the show, Airbus broke the record by garnering maximum orders for 730 airliners including 701 for new fuel-efficient A320neo. The Airbus narrowly overshadowed Boeing with an order worth $72 billion. Airbus racked up orders from a total of 1,029 customers for its A320neo.

The previous record in terms of volume was 728 aircraft at the 207 Paris Air Show. The mega-order for Airbus came from Malaysian low-cost carrier Air Asia, worth $18.5 billion.Air Asia’sorder is the highest recorded in the show in terms of number of aircrafts and third in terms of value.

Airbus also disclosed that it had booked an order for 10 of its A380 superjumbos from a customer who prefers to remain anonymous. The deal is close to $3.75 billion on the basis of Airbus’s listed prices.

Airbus Chief Executive Tom Enders is confident of meeting the demand. Airbus has taken steps to clear the backlog order by raising the monthly output from 36 planes to 42 planes. They also expect the demand for single-aisle jets to pick up in the second half of the current decade.

Boeing also confirmed signing orders and commitments for 129 aircrafts worth over $22 billion. Boeing however, is contemplating whether to emulate Airbus and re-engine its competing 737, or come up with a new design that would offer airlines even greater cost savings.

Industry officials said that the size of the orders made over the past four days had exceeded their most optimistic assumptions. “Airlines were showing up unannounced and giving us orders,” an executive of an aviation supplier said.

Source: Wall Street Journal

 

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