RE: DUBAI AIRSHOW13 Nov 2023 14:21
Bloomberg
Sorry here is part 2
Airbus Talks
Airbus, meanwhile, made do with a midsize A220 narrowbody order from AirBaltic and a confirmation from Turkish Airlines that the two sides are close on a major aircraft order. But there was no megadeal, either from Turkish or from Emirates, as talks around engines supplied by Rolls-Royce Holdings Plc proved to be a sticking point to a deal with the Gulf carrier.
Deal spent much of the day shuttling back and forth between Boeing’s offices at the show, where airline executives and prospective customers mingle to get deals over the line, and the main press center where he announced the accords in rapid succession. Emirates made by far the biggest impact with its top-up order, which massively extends the airline’s already huge backlog of widebody planes.
“Demand for travel on Emirates is one of the strongest it’s ever been in its history,” the airline’s president, Tim Clark, said in an interview. “If we had those aircraft we ordered today in place tomorrow, we’d fill them up. It’s as strong as that.”
Waiting for Planes
Boeing’s haul on the first day pushes it into territory last seen a decade ago, when Emirates placed its first massive order for the 777X. The company’s flagship aircraft has been severely delayed by several years amid certification issues, though Deal said the current timeline that sees an entry into service in 2025 is attainable.
The action on the first day continues the dominant order pattern this year among airlines rushing to place giant orders as delivery slots become scarce. While that’s translated into ever-longer order books and backlogs for Boeing and Airbus, some industry experts have begun cautioning that not all deals will necessarily make it over the finish line.
“There’s been a massive amount of activity from airlines to line up slots,” said Steven Udvar-Hazy, who runs Air Lease Corp. and helped place a deal on Monday for EgyptAir for 737 single-aisle Boeings. “Time will tell whether all these aircraft will deliver on time, and whether the airlines that ordered them will be able to absorb them at a later time. It would not be surprising if some of these aircraft would get deferred into a later time frame.”
Read More: Boeing Secures $52 Billion Jet Sale to Emirates: Dubai Latest
Boeing’s profitable run contrasts with Airbus’s first day of the show, which turned into a more muted performance. The European planemaker has few available delivery slots, and a tougher negotiating stance by engine supplier Rolls under its new CEO has made it harder to bring widebody deals across the finish line.
Over the weekend, Airbus looked to have the upper hand touting a giant order from Turkish Airlines for close to 350 aircraft. The accord hasn’t materialize at the event, though Airbus and its customer confirmed that they’d reached an accord in principle, with final details still be hashed out.
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