Airbus and Boeing have racked up more than $55 billion in sales this week, and it's only Tuesday (BA)

Airbus A350 1000 Farnborough

  • The Farnborough International Airshow has become a hot spot for Airbus and Boeing to announce big orders.
  • In just the first two days of the week-long show, Airbus and Boeing have reported an estimated $55 billion in sales and commitments.
  • Narrow-body jets like the Airbus A320neo and Boeing 737MAX led the way in sales. 

The Farnborough Airshow is the biennial midsummer meet-up of aviation’s who’s who.

As a result, the trade show has also become the battleground where Airbus and Boeing hold dueling press conferences to announce sale after sale after sale. 

In less than 48 hours, Airbus and Boeing have reported an estimated $55 billion in orders and commitments at the 2018 Farnborough International Airshow

The hottest sellers are the narrow-body jets led by the Airbus A320neo family and the Boeing 737MAX.

Major Airbus deals include a commitment from an as-yet-unnamed leasing company for 80 A320neos worth $8.8 billion at list prices. It is customary for airlines and leasing companies to receive generous discounts when ordering in bulk. 

Another unnamed customer committed to 25 A321neos and 75 A320neos worth $11.5 billion at list prices. 

Vistara Airbus A320neoAnd then there was the confirmation of an order for 60 Airbus A220-300 (nee Bombardier CS300) jets by JetBlue founder David Neeleman’s upcoming airline startup. 

The Boeing 737MAX is doing equally robust business with highlights including Air Lease Corporation’s decision to buy and commit to 75 MAX 8 planes worth $8.8 billion. India’s Jet Airways also ordered 75 737MAX 8 jets worth $8.8 billion, while Aviation Capital Group and Goshawk Aviation each ordered 20 Boeing 737MAX jets worth $2.3 billion per deal. 

Leasing firm Jackson Square Aviation ordered 30 Boeing 737MAX jets worth $3.5 billion.

Brazilian airline Gol ordered 30 Boeing 737MAX 10s and 15 MAX 8 jets worth a combined $5.7 billion. 

The market for wide-body jets has been equally action-packed. India’s Vistara announced it would order six Boeing 787-9 Dreamliner with an option for four additional aircraft. The total value of the deal is $2.8 billion at list prices. United Airlines bought four 787-9s worth $1.1 billion. 

Jet Airways Boeing 737 MAX 8Taiwanese startup StarLux Airlines committed to five Airbus A350-900s and 12 A350-1000 jets worth a total of $6 billion. China’s Sichuan Airlines confirmed its order for 10 A350-900s worth $3.2 billion. 

Boeing also managed to cut a few deals for freighters. Russia’s Volga-Dnepr Group and UK-based Cargologic committed to acquiring 29 Boeing 777 freighters worth $9.8 billion. The duo also agreed to take on five Boeing 747-8 freighters worth $2 billion. 

All this action and we’re only two days into the week-long show. Stay tuned for more. 

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Read the full article from it’s original source: http://uk.businessinsider.com/airbus-boeing-have-sold-55-billion-dollar-planes-farnborough-2018-7

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