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The 2017 Paris Airshow off to a roaring start


Paris Air Show

The 2017 Paris Airshow off to a roaring start

As the sun came up this morning, around 150,000 aerospace professionals set off for Le Bourget. Even the early birds got caught in the traffic jam surrounding the airport which has become almost traditional but spirits were not dampened and the show got off to a roaring start.

There was a huge security presence as French President Emmanuel Macron took his seat at the edge of the runway, surrounded by military personnel, aerospace VIPs and politicians. He then visited the European Space Agency centre where he had a quick chat with Astronaut Thomas Pesquet, who has just returned to earth after almost 200 days at the International Space Station.

The real stars of the show were, of course, the aircraft themselves and when the aerobatic spectacles got off the ground in the afternoon, huge crowds looked on open-mouthed at the seemingly impossible feats they performed. Some of the highlights included: an F35 fighter jet; Airbus A350-100S, A400M and A380; a Boeing 737 MAX 9; a Falcon 8x and a Rafale Air.

Airbus might have out-manoeuvred Boeing in the air, with four flights to their one, but on the ground, Boeing was busy signing contracts.

All in all, Boeing announced it had more than 240 orders and commitments from at least 10 customers for the new 737, which can carry up to 230 people in a single-class configuration.

“Many airports are running out of capacity and for those airports this is a perfect aircraft,” said Ajay Singh, the chairman of low-cost Indian airline SpiceJet, as his company signed a provisional deal to buy 40 MAX 10s.

However, Airbus immediately struck back with an order for 100 of its popular A320neo planes from leasing firm GECAS, as well as a deal for twelve A321neos with Air Lease Corporation.

Boeing’s challenge was water off a duck’s back for Airbus sales chief John Leahy who said much of the interest in the MAX 10 was from existing Boeing customers switching orders from other models.

“We think the 737 MAX 10 is a competitor to the (MAX) 9 and that’s why a lot of people are converting,” he said.

Airbus Orders

At the time of writing, Airbus had 100 orders for the A320neo worth almost 10 billion euros to be delivered to Lessor GECAS between 2020 and 2024. In addition, they sold 12 of the A321neo aircraft – which will bring in about 1.35 billion euros. It was a very successful day indeed but rivals Boeing surpassed all expectations.

Boeing orders

For Boeing, the sales just kept coming thick and fast. CDB Aviation signed a ‘memorandum of understanding’ (a provisional order) for forty-two MAX 8; 8 787-9 and ten 737 MAX 10 jets, worth in total about 7.25 billion euros at list prices. Then GECAS announced the purchase of twenty 737 MAX 10 jets, worth about 2.25 billion euros (list price). After that, BOC Aviation signed a memorandum of understanding for 10 737 MAX 10 jets with a list price of about 1.12 billion euros.

Next in the queue to buy big at Boeing was SpiceJet which announced a commitment for forty 737 MAX aeroplanes, worth roughly 4.2 billion euros. This included 20 new orders for 737 MAX 10 and a conversion of twenty 737 MAX 8 jets from an existing order. Tibet Financial Leasing put their names down for twenty 737 MAX jets, including 737 MAX 10 and 737 MAX 8 aeroplanes, valued at about 2.2 billion euros. AerCap ordered thirty 787-9 Dreamliners worth 7.25 billion euros at (list price). Kuwait-based ALAFCO Aviation Lease and Finance Company (ALAFCO) made a commitment for twenty 737 MAX 8s, worth 1.97 billion euros (list price). Norwegian put themselves down for two 737 MAX 8s, worth 201.4 million euros (list price). Finally, Monarch ordered 15 additional 737 MAX 8s, valued at 1.5 billion euros.

Even though Boeing are clearly off to a flying start, this is only day one and a lot can happen in a week, especially at the Paris Airshow. The question on many industry professionals’ lips is “Will Airbus finally sell some of their extra wide-body A350 XWB?” Some sources think they could soon announce an order for 10 of the wide-body jets, while others said on Sunday the European company was close to clinching a deal worth about $5 billion with low-cost carrier Viva Air Peru.

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