Emirates order boosts Boeing
The recovery of air traffic from the pandemic is bringing aircraft manufacturers more orders again, including for large long-haul jets. At the start of the air show in Dubai, the Arab airline Emirates placed a major order for 95 wide-body jets with the US aircraft manufacturer Boeing.
In total, Boeing received orders for 176 passenger aircraft. The world's largest manufacturer, Airbus, only received one order for 30 aircraft. However, the DAX-listed company is working with Turkish Airlines on a major order for at least 240 aircraft.
The news was well received on the stock market
Boeing shares rose by more than four percent shortly after the start of trading in the USA, especially as an upcoming meeting between US President Joe Biden and China's head of state Xi Jinping could bring the US company a long-awaited breakthrough in the export of its 737 Max medium-haul jet. Airbus shares rose by just under two percent at times in Frankfurt and were recently still up by just under one percent.
In Dubai, Emirates ordered 90 Boeing wide-body jets in the modernized new 777X version as well as five 787 "Dreamliner" aircraft. The boost for the 777X is a ray of hope for the US group. Emirates has now ordered a total of 205 aircraft in the series.
The company already operates more aircraft of the predecessor model 777 than any other airline in the world. However, like all other interested parties, it has not yet received a single copy of the new version. Due to delays in development and certification as well as difficulties with other aircraft types, Boeing has postponed delivery of the first aircraft for several years until 2025.
According to Boeing commercial aircraft boss Stan Deal, this schedule is "achievable". Lufthansa has also been waiting a long time for its first aircraft. The delay has already cost the manufacturer billions.
Boeing also scored points with Flydubai with its "Dreamliner" jets. The Arab low-cost airline ordered wide-body jets for the first time at the trade fair and opted for 30 787-9 "Dreamliner" aircraft.
Turkish Airlines wants Airbus jets
However, a major order from the Turkish state airline for Airbus has not yet been finalized. According to Airbus, both sides have agreed in principle on a "significant aircraft order" and want to announce it in the next few days. According to Turkish Airlines, the deal involves the purchase of 355 Airbus aircraft, 240 of which are firm orders and 115 of which are options.
However, Airbus was only able to announce an order from the Latvian airline Air Baltic on Monday. The company ordered a further 30 jets of the smallest Airbus model A220. According to its own information, Air Baltic has also secured purchase rights for a further 20 aircraft.
Emirates' decision to order 95 wide-body jets from Boeing, including 90 modernized 777X and 5 787 "Dreamliner" aircraft, is a significant boost for the US aircraft manufacturer. Turkish Airlines is also in discussions with Airbus for a major order of at least 240 aircraft, showing that both Airbus and Boeing are securing significant deals with major airlines like Emirates and Turkish Airlines.
Source: www.dpa.com
