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Qatar seals $17bn Airbus deal | |
(about 1 hour later) | |
Airbus has seen its order book boosted at the start of the Paris air show. | |
Qatar Airways led the way, confirming an existing $16bn (£8.1bn) order for 80 A350 Airbus planes and ordering three A380 superjumbos for about $750m. | |
Meanwhile Dubai-based Emirates said it was buying eight more A380s, thought to be worth about $2.5bn. | |
Airbus, the commercial arm of European Aeronautic Defence and Space (EADS), faces rivalry from Boeing, which struck a deal with General Electric. | |
GE's commercial aviation services made an order for six 777 Boeing freighters valued at about $1.4, for delivery in the last three months of 2008. | |
Meanwhile the deal between Qatar and Airbus includes a $5.6bn contract for Rolls Royce to make the A350 engines | |
AIR SHOW DEALS Qatar Airways: 80 x Airbus A350s - $16bnQatar Airways: 3 x A380s - $750mEmirates: 8 x A380s - $2.5bnGeneral Electric commercial aviation services: 6 x Boeing 777s - $1.42bnRolls Royce: deal to make A350 engines for Qatar Airways - $5.6bn | |
The show, a critical one for the industry, unites firms that make planes and equipment, as well as airlines and investors. | |
Order battle | Order battle |
Airbus has invested heavily in its 555-seater double decker A380, which has been beset with problems both in production and delivery. | Airbus has invested heavily in its 555-seater double decker A380, which has been beset with problems both in production and delivery. |
Meanwhile Boeing's Dreamliner, which is set to use 20% less fuel than other planes of the same size, has been one of the US firm's key successes. | Meanwhile Boeing's Dreamliner, which is set to use 20% less fuel than other planes of the same size, has been one of the US firm's key successes. |
The announcement by Emirates brought the total number of A380s it has ordered to 55. | The announcement by Emirates brought the total number of A380s it has ordered to 55. |
But the airline said it was yet to decide on an order for A350 planes. | But the airline said it was yet to decide on an order for A350 planes. |
"For the A350 we have to make a decision in the next few months," Sheikh Ahmed Bin Saeed Al Maktoum, Emirates Group Chairman said during a news conference. | "For the A350 we have to make a decision in the next few months," Sheikh Ahmed Bin Saeed Al Maktoum, Emirates Group Chairman said during a news conference. |