Military
Airbus, Boeing Announce More Orders at Farnborough Show
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Airbus introduced its new A330neos with an order for 25 A330-900neos from Air Lease Corp. (NYSE: AL). The company also ordered 60 of Airbus’s A321neos, a single-aisle narrow-body plane that competes with Boeing’s 737 MAX 8. The A330neo goes head-to-head with the Boeing 787 Dreamliner. The Air Lease Corp. order announced earlier in the morning is worth about $14.1 billion at list prices.
Airbus also announced an order for its A320neo from AerCap Holdings N.V. (NYSE: AER), which will take 50 of the narrow-body jets, bringing the total order from the airline to 200 for Airbus’s new, more fuel-efficient version of the A320. The A320neo carries a list price of $102.8 million.
Boeing Co. (NYSE: BA), meanwhile, has announced that China’s Okay Airways has ordered six 737 MAX 8s and four of the company’s current generation 737-800s in a deal worth $980 million at list prices. The company also said it is nearing completion of a deal with U.K.-based Monarch Airlines 30 737 MAX 8s, which would begin the transformation of Monarch’s entire fleet to Boeing’s single-aisle planes.
Boeing has also announced a 200-seat version of its new 737 MAX 8, virtually guaranteeing a large order from Ryanair Holdings PLC (NASDAQ: RYAAY), which has urged Boeing to add a larger capacity version of the 737 MAX.
Boeing will stuff another 11 seats into the plane’s cabin, putting the 737 MAX 8 a step ahead of the 189 seats on the Airbus A320neo. Ryanair is the largest low-cost carrier in Europe, and having capacity for 199 passengers maximizes the economics of the 737 and A320 planes. Adding a 200th passenger means adding another flight attendant.
ALSO READ: Why a Boeing 787-9 Costs $250 Million
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