Boeing vs Airbus: $77 billion in deals in under 2 hours

Reuters

Reuters

Also on Wednesday, Airbus won a $49.5 billion order from Indigo Partners' portfolio of low-priced airlines that include Frontier, Wizz Air, Volaris, and JetSmart.

"It's ended up going out on a high", airline analyst John Strickland of JLS Consulting said. It will also see Airbus take 55% of the global market, and push the number of models sold above 5,500, since the launch of the A320neo in 2010 (compared to the 4,000 orders seen at Boeing since the launch of the rival 737 MAX).

It is also still undergoing negotiations with Middle Eastern airline Emirates - of the biggest early adopters of Airbus' giant A380 - hoping to keep its business onside, despite the company's recent announcement of a 40-plane order for Boeing's rival 787-10 Dreamliner.

Why are the deals so big?

FlyDubai said the planes would bring the low-priced carriers total fleet on order up to 320.

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A320neos list for 108.4 million dollars (£82 million) apiece and A321neos at 127 million dollars (£96 million), although airlines and manufacturers often negotiate lower prices for big deals like these.

Speaking at the Dubai Airshow Tuesday, the Chief Executive of Ethiopian Airlines, Tewolde Gebremariam, said the deal underlined the vitality of air traffic in North Africa.

Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of flydubai, said the order underlines the success of "flydubai's founding vision helping to strengthen trade and tourism links across its network and has contributed to the enhanced connectivity of Dubai's aviation hub".

Emirates President Tim Clark urged Airbus SE to make firm commitments on the future of its A380 airliner, demanding certainty before placing a follow-up order that production will continue until all aircraft are delivered. Reports circulated before the air show that a major A380 sale would be coming.

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Emirates believes Airbus can meet demands from the airline's owner, the Dubai government, for the European planemaker to guarantee development of the superjumbo A380 programme.

AerCap is the world's largest lessor of the Airbus A320neo; and the largest customer of the Boeing 787, with 116 on order and owned.

With almost 100 airplanes in operation, Ethiopian flies one of the largest and youngest fleets in Africa, including Boeing 737s, 757s, 767s, 777s, and 787s.

"I think you've got to walk over to the chalet with Emirates on the door and ask them", Airbus' Leahy said.

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