27 Jun Day 4 At Paris Air Show: Boeing Signs With Major Airline
Day 4 of the Paris Air Show was again Boeing’s day and we can say that it has been Boeing’s show for 4 straight days. On Day 4 Boeing accumulated 210 orders and commitments versus 107 for Airbus. The smaller jet makers added nothing to the tally today. After 4 days of order announcements, there has not been a moment when it looked like Boeing would lose the order race for this show.
Important to note is that while a soft order inflow was expected for the Paris Air Show, orders and commitments exceeded the figures of the 2015 Paris Air Show and the 2016 Farnborough Air Show.
Stripping off the order conversions, the Paris Air Show 2017 contract value declined by $5B. For investors, the main thing to take note of is that the Boeing 737 MAX 10 had a successful launch. Boeing likely directed it to be a MAX 10 media show, but the MAX 10 currently has exceeded expectations and signs of fatigue on the aircraft market were not visible on the Paris Air Show with plenty of leads to be finalized in the months to come.
Full article can be read here.