Boeing and Airbus win orders at Farnborough for sector stability

Boeing and Airbus win orders at Farnborough for sector stability

FARNBOROUGH, England, July 20 (Reuters) – Boeing launched order announcements at the Farnborough Airshow this week, boosting its struggling 737 MAX as its rival Airbus added to its backlog on Wednesday. A320neo orders.

Boeing has secured more than 100 firm orders for the MAX as it still faces big challenges in certifying a crucial new variant before a year-end deadline.

Qatar Airways could also be open to reviving an interim deal for 25 MAX that had expired, sources told Reuters. Read more

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“It’s a quiet show, but I think the Boeing mojo is back,” said Agency Partners analyst Sash Tusa.

Airbus on Wednesday confirmed a deal for 56 A320neo family jets to easyJet (EZJ.L) after shareholders in the low-cost airline backed it. Read more

The European aircraft maker won a huge order for nearly 300 planes from China weeks before the biennial show, which is making a comeback after a four-year pandemic-induced hiatus.

Aerospace executives are anxious to simply move on from the pandemic and the safe grounding of the 737 MAX, events that rocked the industry.

Supply chain issues, soaring inflation, fuel prices and ever-increasing pressure for decarbonisation highlighted by a record-breaking heatwave in the UK this week instead dominated discussions.

INDIAN BUSINESS CONSIDERED Business with fast-growing India has so far eluded Farnborough, which alternates with Paris as the world’s biggest airshow.

Air India is closing in on a decision on an order worth $50 billion at list prices under new owners of the Tata Group that will be shared between Airbus and Boeing, which is unlikely in time for the show , industry sources said.

The two aircraft makers are making a “last push” with the planned order to include up to 70 widebody aircraft, including Airbus A350s and Boeing 787s and 777s, and up to 300 narrowbodies, they said.

One source said a decision appeared “imminent”, but another warned the outcome remained unpredictable.

Both planners declined to comment. Tata Group did not respond to a request for comment.

In a sign of the stakes involved, Boeing CEO Dave Calhoun flew to India ahead of this week’s show, two sources said. Boeing declined to comment on its movements.

Airbus hopes to redirect jets originally intended for Aeroflot, hit by Russian sanctions, as part of any deal.

Reuters reported on Sunday that Airbus officials also visited India last week, but hopes of an order from Farnborough were on hold. Read more

The purchase of debt-ridden Air India gave Tata immediate access to valuable flight rights and landing slots, particularly to destinations in the United States and Europe.

But analysts say it will be an uphill battle to fix the carrier’s finances and service levels.

The airline, with its Maharajah mascot, was once renowned for its lavishly decorated planes and stellar service championed by founder JRD Tata. Since the mid-2000s, however, Air India’s reputation declined as financial troubles mounted.

Also on hold at the moment is an order for 50 Airbus A220 jetliners from India’s Jet Airways, two industry sources said.

The two sides have the outlines of a deal but a last-minute hiccup prevented the deal from being signed, they said.

“We are at an advanced stage of discussions with aircraft lessors and (manufacturers), and will announce our aircraft selection and fleet plans as we make our decision,” a doorman said. -word of Jet.

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Reporting by Tim Hepher, Aditi Shah, Paul Sandle and David Shephardson; edited by Jason Neely

Our standards: The Thomson Reuters Trust Principles.

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