Boeing Announces New Orders Worth $13.7 Billion - New York Times
Boeing Announces New Orders Worth $13.7 Billion - New York Times
November 21, 2005
Boeing Announces New Orders Worth $13.7 Billion
By BLOOMBERG NEWS
Boeing, the world's second-largest aerospace company after Airbus, won orders yesterday worth a total of $13.7 billion for 112 aircraft from Emirates Airlines and China. The deals extend Boeing's gains in new business this year over its larger rival.
Emirates, the Persian Gulf's biggest and fastest-growing airline, bought 42 of Boeing's long-range 777 models worth $9.7 billion, Sheikh Ahmed bin Saeed al-Maktoum, the Emirates chairman, said at the Dubai Air Show in the United Arab Emirates.
Boeing signed an agreement with China for 70 of the smaller 737 models worth $4 billion while President Bush was on a visit to Beijing.
George Liu, a Boeing spokesman, said the company was still in talks with Chinese customers for 80 more 737 aircraft. He did not give further details or identify the airlines.
Boeing and Airbus have recorded a doubling in airline contracts this year as travel increases and high oil costs spur demand for more fuel-efficient planes. As of Nov. 18, Boeing had 659 orders, compared with 494 for Airbus. Airbus, which is based in Toulouse, France, announced orders yesterday from Kuwait worth $2.9 billion at the Dubai show.
"Boeing has really regained momentum," said Dan Solon, an analyst at the London-based consulting company Avmark International. He said it was clear that the 777 long-range models "are starting to do well."
Boeing, based in Chicago, appears certain to beat Airbus on annual orders for the first time in five years. Airbus, which took the lead in deliveries over Boeing in 2003 to become the world's largest maker of commercial aircraft, will maintain that advantage this year with a total of 370 delivers to 290 for Boeing.
With its agreement, Emirates will become the largest Boeing 777 operator in the world. Emirates is also scheduled to be the biggest customer of Airbus's A380, a 555-seat plane that will begin service in 2006. Emirates has ordered 43 of the A380's.
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November 21, 2005
Boeing Announces New Orders Worth $13.7 Billion
By BLOOMBERG NEWS
Boeing, the world's second-largest aerospace company after Airbus, won orders yesterday worth a total of $13.7 billion for 112 aircraft from Emirates Airlines and China. The deals extend Boeing's gains in new business this year over its larger rival.
Emirates, the Persian Gulf's biggest and fastest-growing airline, bought 42 of Boeing's long-range 777 models worth $9.7 billion, Sheikh Ahmed bin Saeed al-Maktoum, the Emirates chairman, said at the Dubai Air Show in the United Arab Emirates.
Boeing signed an agreement with China for 70 of the smaller 737 models worth $4 billion while President Bush was on a visit to Beijing.
George Liu, a Boeing spokesman, said the company was still in talks with Chinese customers for 80 more 737 aircraft. He did not give further details or identify the airlines.
Boeing and Airbus have recorded a doubling in airline contracts this year as travel increases and high oil costs spur demand for more fuel-efficient planes. As of Nov. 18, Boeing had 659 orders, compared with 494 for Airbus. Airbus, which is based in Toulouse, France, announced orders yesterday from Kuwait worth $2.9 billion at the Dubai show.
"Boeing has really regained momentum," said Dan Solon, an analyst at the London-based consulting company Avmark International. He said it was clear that the 777 long-range models "are starting to do well."
Boeing, based in Chicago, appears certain to beat Airbus on annual orders for the first time in five years. Airbus, which took the lead in deliveries over Boeing in 2003 to become the world's largest maker of commercial aircraft, will maintain that advantage this year with a total of 370 delivers to 290 for Boeing.
With its agreement, Emirates will become the largest Boeing 777 operator in the world. Emirates is also scheduled to be the biggest customer of Airbus's A380, a 555-seat plane that will begin service in 2006. Emirates has ordered 43 of the A380's.
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