Boeing badly needs a win at first big air show after lockdowns
As the aerospace world gathers in southern England next week for the first major commercial show since 2019, the stakes are particularly high for one half of the global planemaking duopoly. As ever, the spotlight at the Farnborough International Airshow will focus on the battle between Airbus SE and Boeing Co. for orders, with rapid-fire, often last-minute announcements providing reassuring parallels to the pre-Covid trade expos that alternate between London and Paris. But never before has the contest been skewed so far in Airbus’s favor. Airbus has grown its heft in the past decade to conquer close to 70% of the narrow-body segment, by far the most widely used aircraft category. Boeing, meanwhile, is battling on multiple fronts: there are quality issues with its 787 Dreamliner, questions over the regulatory approval of its Max 10 aircraft and the need to make sales of the 737 Max after a lengthy grounding following two fatal crashes. The giant successor to the 777 is years behind schedule. That leaves Boeing facing much greater pressure to secure orders in Farnborough, according to Jefferies analyst Sheila Kahyaoglu. “Boeing is starting off a lower base in terms of order momentum,” she said. If Boeing can’t beat Airbus at the show, “it will continue to erode their market share.” Both Airbus and Boeing have already announced a flurry of significant deals this year which may limit how many blockbuster sales there are left to do in Farnborough. IAG SA finally committed in May to a 737 Max order first agreed at the Paris Air Show in 2019, while Airbus got a massive deal valued at $37 billion from four Chinese airlines last month. Kahyaoglu counts almost 800 potential sales still in the pipeline, though she says they’re unlikely to all come together next week. Some of the bigger anticipated deals are tipped to go in Boeing’s favor, including a potential Delta Air Lines Inc. order for more than 100 737 Max, marking the first time the Atlanta-based carrier has bought Boeing’s newest narrow-body jet. Airbus could also scoop up a few commitments from the airline however, if Delta opts to top up its A220 order at the same time. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-07-18/general/boeing-badly-needs-a-win-at-first-big-air-show-after-lockdowns
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Boeing badly needs a win at first big air show after lockdowns
As the aerospace world gathers in southern England next week for the first major commercial show since 2019, the stakes are particularly high for one half of the global planemaking duopoly. As ever, the spotlight at the Farnborough International Airshow will focus on the battle between Airbus SE and Boeing Co. for orders, with rapid-fire, often last-minute announcements providing reassuring parallels to the pre-Covid trade expos that alternate between London and Paris. But never before has the contest been skewed so far in Airbus’s favor. Airbus has grown its heft in the past decade to conquer close to 70% of the narrow-body segment, by far the most widely used aircraft category. Boeing, meanwhile, is battling on multiple fronts: there are quality issues with its 787 Dreamliner, questions over the regulatory approval of its Max 10 aircraft and the need to make sales of the 737 Max after a lengthy grounding following two fatal crashes. The giant successor to the 777 is years behind schedule. That leaves Boeing facing much greater pressure to secure orders in Farnborough, according to Jefferies analyst Sheila Kahyaoglu. “Boeing is starting off a lower base in terms of order momentum,” she said. If Boeing can’t beat Airbus at the show, “it will continue to erode their market share.” Both Airbus and Boeing have already announced a flurry of significant deals this year which may limit how many blockbuster sales there are left to do in Farnborough. IAG SA finally committed in May to a 737 Max order first agreed at the Paris Air Show in 2019, while Airbus got a massive deal valued at $37 billion from four Chinese airlines last month. Kahyaoglu counts almost 800 potential sales still in the pipeline, though she says they’re unlikely to all come together next week. Some of the bigger anticipated deals are tipped to go in Boeing’s favor, including a potential Delta Air Lines Inc. order for more than 100 737 Max, marking the first time the Atlanta-based carrier has bought Boeing’s newest narrow-body jet. Airbus could also scoop up a few commitments from the airline however, if Delta opts to top up its A220 order at the same time. <br/>
