Plane Talk at the Paris Air Show
Wide-moat Boeing registered 56 wide-body deals.
We survived the scorching temperatures at the Paris Air Show last week. Boeing (BA) enjoyed a flurry of orders thanks to the launch of its 737 MAX 10 (361 orders and commitments booked). Thanks primarily to the MAX 10 and a good 787 showing, Boeing beat Airbus, booking 820 orders and commitments. Excluding the 208 737 MAX 10 conversions and the unidentified orders that transitioned to identified, Boeing puts its incremental orders and commitments at 571 aircraft.
This compares with 326 orders and commitments for Airbus, which stands at 301 if we back out 15 A320ceo to neo conversions and 10 previously unidentified A350 orders now allocated to Ethiopian Airlines. After controlling for conversions, the activity didn’t match that at the 2015 Paris Air Show, but sales were up relative to the Farnborough International Airshow last year.
Chris Higgins does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.