Airbus wins at Dubai Airshow, Boeing lags behind

Dubai, United Arab Emirates- Airbus The 2021 Dubai Air Show kicked off with great vigor, and a large number of deals were concluded from the first day.

By the end of the fourth day of the exhibition (Wednesday), the French aerospace manufacturer had accumulated 408 announced orders and commitments, while its American counterparts Boeing Behind by 101. Airbus and Boeing are the two largest aerospace companies by revenue in the world.

So far, the number of orders for the first major air show since the beginning of the Covid-19 pandemic is a positive sign for aviation and travel, which have been ruined for most of the past 18 months Loss of sex. Morgan Stanley said in a research report on Wednesday: “We believe that new aircraft orders are positive for the recovery of the commercial aviation industry.”

Airbus achieved its first victory on the first day of the air show. It ordered 255 narrow-body A321neo and A321XLR jets from the US private equity firm Indigo Partners, which are Frontier, Wizz Air, Jetsmart and Volaris.

Subsequently, it received a letter of intent from Air Lease Corp, which will be finalized in the next few months, involving 111 aircraft in the Airbus product line: 55 A321neos, 25 A220-300, 20 A321XLR, 7 A350F freighter and four A330neo.

The Indigo Partners transaction is the first major aircraft order since the pandemic began. This is a “very positive sign that shows us [are starting] Be in a leading position again,” Airbus CEO Guillaume Fury told CNBC on the show.

Kuwaiti airline Jazeera Airways promised to purchase 28 Airbus A321neos, and Nigeria’s Ibom Air promised to purchase Airbus for the first time and ordered 10 A220s.

The popularity of narrow-body airliners at this year’s air show surprised some analysts, who stated that the Middle East Air Show is famous for ordering wide-body aircraft for long-distance flights.

On the military front, Airbus also sold two A330 Multi Role Tanker Transports (an aerial tanker) to the UAE Air Force and the Air Defense Department, and received a new export order for two A400M transport aircraft from the Indonesian Ministry of Defense.

Boeing received a large order for 72 737 Max from the new Indian airline Akasa Air on Tuesday, which made Boeing a little relieved. It has also achieved success in cargo aircraft, ordering 11 737-800BCF freighters from the aircraft leasing company Icelease, nine modified 767-300BCF freighters from DHL, and two long-range 777F freighters from Emirates SkyCargo.

The American aerospace giant has also received orders for four passenger and cargo aircraft from Tanzania Airlines, and three 777-300 wide-body passenger aircraft from Sky One FZE, the Emirates service provider.

With the vigorous development of e-commerce and the growth of air transportation, freighters and modified freighters have become popular sub-sectors of the aviation industry. Cargo is the only part of air traffic that exceeds 2019 levels. As far as Dubai’s flagship airline Emirates Airlines is concerned, its cargo business in its earnings in the last six months has performed strongly, increasing by 39%, bringing its business volume to 90% of the pre-pandemic.

“The freighter market is booming right now. This is where we see real growth,” Boeing Executive Vice President Stan Deal told CNBC in Dubai on Sunday.

The company plans to add three conversion lines for its 737-800BCF in North America and Europe-facilities for converting aircraft into freighters.

Boeing has long dominated the air cargo market, but its French rival Airbus may threaten the market with the A350F (the cargo version of its wide-body airliner A350-1000) ordered for the first time in Dubai this week.

Boeing’s highly anticipated 777FX, the freighter version of its long-range wide-body airliner 777X passenger jet, was not launched at the Dubai show. Boeing has also been criticized by Emirates President Tim Clark for its 777X delivery delays and technical problems. Emirates has ordered the aircraft, but its delivery has been postponed to 2023.

This iconic American manufacturer has not been seen as a success at the Dubai Air Show since 2017, when the company Sold 40 787-10 jets to Emirates It was worth 15.1 billion US dollars on the first day of the exhibition alone.

Prior to the 2019 Dubai Airshow, Boeing’s sales suffered two catastrophic blows in less than five months due to two catastrophic crashes of its popular 737 Max jet. . Its fleet of approximately 400 737 Max jets worldwide has been grounded for nearly two years.