Military
Boeing Racks Up Firm Orders at Airshow, Airbus Not So Much
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The second day of the Farnborough Airshow did not see quite as much ordering action as Monday’s first day, but both Boeing Co. (NYSE: BA) and Airbus have announced new deals since our last look at the scorecard.
When the sun set Monday, Boeing had taken firm orders for 198 new passenger jets. In many cases, the orders were simply moved from the “unidentified customer” column in Boeing’s order book to a new listing under the customer’s name. Boeing also announced a commitment from DHL for seven options on the 777F freighter.
Airbus announced firm orders for 75 new commercial jets and options, memoranda of understanding or letters of intent for another 111 aircraft. The full scorecard including orders on other aircraft makers is available at Leeham News.
Tuesday morning Airbus announced three other deals:
- Japan’s Peach Aviation converted an existing order for two A320s to the new A321LR.
- An unnamed customer signed a memorandum of understanding for 25 A321neo and 75 A320neo aircraft. Airbus said this adds to the company’s existing orders.
- An undisclosed customer “signed an agreement … to purchase” eight of the company’s A350-900s.
Boeing countered with a firm order from Air Lease Corp. (NYSE: AL) for three 787-9s and 20 737 MAX aircraft. The deal includes commitments on another 55 of the 737s.
The other Boeing orders came from Volga-Dnepr Group and CargoLogicHolding. Russia-based Volga-Dnepr confirmed an order for five 747-8F freighters. CargoLogicHolding, a Britain-based all-cargo carrier, signed a letter of intent to buy 29 777Fs.
Just a reminder: Volga-Dnepr placed an order for 20 Boeing 747-8F freighters at the Farnborough show in 2016 and did not take all the planes due to financial troubles. Two of the planes were eventually sold to the U.S. government at bargain prices and are destined to become the new Air Force One fleet in 2024.
More aircraft news will percolate up from London in the next few days. Stay tuned.
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