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Qatar seals $17bn Airbus deal Airbus enjoys bumper Paris orders
(10 minutes later)
Airbus has seen its order book boosted at the start of the Paris air show. Airbus has seen its order book bolstered with a string of high-value orders at 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. Qatar Airways led the way, confirming an existing $16bn (£8.1bn) order for 80 A350 Airbus planes and ordering three A380 super-jumbos for about $750m.
Meanwhile Dubai-based Emirates said it was buying eight more A380s, thought to be worth about $2.5bn. Meanwhile US Airways ordered $10bn worth of planes - 22 A350s, 60 A320s and ten of its A330-200 wide-body jets.
Airbus, the commercial arm of European Aeronautic Defence and Space (EADS), faces rivalry from Boeing, which struck a deal with General Electric. Airbus, faces rivalry from Boeing, which struck a deal with General Electric (GE).
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. GE's commercial aviation services made an order for six 777 Boeing freighters valued at about $1.4bn, 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 The deal between Qatar and Airbus - the commercial arm of European Aeronautic Defence and Space (EADS) - 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 And Dubai-based Emirates said it was buying eight more A380s, thought to be worth about $2.5bn.
AIR SHOW DEALS Qatar Airways: 80 x Airbus A350s; 3 x A380s - $16.75bn < US Airways: 22 x A350s; 60 x A320s; 10 x A330-200s - $10bnEmirates: 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.The show, a critical one for the industry, unites firms that make planes and equipment, as well as airlines and investors.
Order battleOrder 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," said Emirates group chairman Sheikh Ahmed Bin Saeed Al Maktoum.