Both Boeing Co. (NYSE: BA) and Airbus announced Wednesday morning that they had taken orders for new planes at the Singapore Airshow. Boeing has confirmed an order from China’s Okay Airways valued at $1.3 billion based on list prices, and Airbus said it had taken an order from Philippines Airlines with a list price value of $1.8 billion.
China’s order on Boeing calls for 12 of the company’s 737s: eight MAX 8s, three MAX 9s and one 737-900ER. The MAX 9 order is the first from a Chinese carrier. Okay Airways also has an option on eight additional MAX 8s. Okay Airways is China’s first privately owned airline, and its fleet already includes 17 737 family passenger jets and one 737 freighter.
The 737 MAX 8 carries a list price of $110 million and the MAX 9 costs $116.6 million per copy. The 737-900ER has a list price of $101.9 million.
Philippines Airlines has signed a memorandum of agreement for six Airbus A350-900s, along with options to purchase an additional six. The list price for the plane is $304.8 million per copy. In its press release announcing the order, Airbus said the new planes will be configured for three passenger classes and will operate on nonstop routes between Manila and the west coast of the United States and New York.
At the last Singapore Airshow in 2014, Boeing and Airbus combined for a total of around $32 billion in new orders. This year’s total won’t be anywhere near that, but the good news, according to the airplane builders, is that no Asian airline has deferred any order already placed.
Boeing’s stock traded up about 1.2% in Wednesday’s premarket session, at $114.00 in a 52-week range of $102.10 to $158.83.
Airbus traded up about 1% in Paris Wednesday morning, at €54.29 in a 52-week range of €49.96 to €68.50.
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