Boeing, Airbus Add More Orders at Paris Air Show

Boeing 737-MAX-7-8-9 Artwork
Boeing 737-MAX-7-8-9 Artwork

The hits just keep on coming for Boeing Co. (NYSE: BA) and competitor Airbus, a division of the European Aeronautic Defence and Space Co. (EADS) at this week's Paris Air Show. For those of you keeping score at home, here is the latest tally.

Boeing said this morning that it finalized an order for 175 of its 737-800 planes from Ryanair Holdings PLC (NASDAQ: RYAAY). At list prices, the order is worth about $15.6 billion. The order is the largest ever placed on Boeing from a European carrier.

Airbus tried to keep pace by announcing an order for 75 of its wide-body A350 planes, worth about $7.2 billion at list prices, from Air France-KLM. SriLankan Airlines firmed up an order for six of the company's A33-300 plants and committed to purchase four A350-900s in a deal worth $2.6 billion at list prices.

Ryanair officials also said they are working on an order for 200 or so of Boeing's 737 MAX planes, which would be worth about $20 billion at list prices. The 737 MAX is Boeing's answer to Airbus's A320neo, a single-aisle, more fuel-efficient model of an existing family of planes. Boeing, however, is not scheduled to deliver the first 737 MAX until 2017, two years after Airbus begins delivery of its A320neo.

Total orders for both companies at the air show now top $100 billion. Not all the orders are firm and committed, but that is still an impressive total.

Shares of Boeing were down about 0.6% shortly after markets opened this morning, at $103.46 after posting a new high of $104.15 soon after opening. The 52-week low is $69.03.

Filed under: Aerospace & Defense Tagged: BA, RYAAY