Date
19 September 2017
Single-aisle passenger planes such as this one from Bombardier carry about 75 percent of passengers worldwide. Boeing and Airbus are expected to dominate orders for such planes in the Paris Air Show. Photo: Bloomberg
Single-aisle passenger planes such as this one from Bombardier carry about 75 percent of passengers worldwide. Boeing and Airbus are expected to dominate orders for such planes in the Paris Air Show. Photo: Bloomberg

Boeing, Airbus set to pitch their workhorses in Paris Air Show

Rivals Boeing Co. and Airbus Group are competing for US$23 billion worth of orders for narrow-body jets at the Paris Air Show.

They will pitch upgraded versions of their flagships — Boeing 737 and Airbus A320 — when the event formally opens on Monday.

The two companies are expected to announce orders at the formal opening, likely relating to their main workhorses, according to Bloomberg.

Single-aisle passenger planes such as upgrades of Boeing 737 and Airbus A320, called Max and Neo, respectively, account for about 75 percent of passenger traffic worldwide.

Reports say Boeing is expected to corner the bulk of orders, with 100 Maxes likely going to lessor AerCap Holdings N.V. alone.

That deal is valued at more than US$10 billion from a list price of US$106 million per unit.

Airbus could land an order for 60 Neos from General Electric’s leasing business.  

Max is the latest version of Boeing’s top-selling 737 and is due to enter service in 2017 while Airbus’s Neo, which retails for US$106.2 million, will debut later this year, according to Bloomberg.

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