This week there has been tons of news coming from the Paris Air Show, so we dedicate this edition of the weekly news round up to the event.
Deals, Deals, Deals
The Paris Air Show is of course a time for major aircraft deals to go down, and even during a down year for sales, there were plenty of transactions.
The biggest surprise was IAG's large order of the much maligned 737 MAX. The airline group signed a letter of intent to order 200 of the planes. Since the news broke, Airbus has demanded a chance to bid against the surprise order.
Other than this, Airbus has been stealing the show, closing a number of deals on the heels of the launch of its much anticipated A321XLR. In no particular order, here are some of the deals the aircraft manufacture has made:
- Flynas is taking 10 Airbus A321XLRs and is converting 10 A320neos to larger A321neos.
- American Airlines ordered 50 A321 aircraft.
- AirAsia is converting an order for 253 A320-200neos to the larger A321-200neo.
- Indigo Partners to acquire 50 A321XLR aircraft from Airbus.
- IAG ordered 14 A321XLR aircraft – eight for Iberia and six for Aer Lingus.
- Virgin Atlantic orders 14 Airbus A330neos, with an option to purchase six more. Delta might have influenced the decision.
- MEA Ordered four Airbus A321XLR aircraft.
- Air Lease Corporation announced long-term lease placements with Sky Airline for three new Airbus A321-200neo aircraft.
- JetBlue has converted 13 of its 72 orders for the A321neo to the A321XLR.
Other orders from Boeing include:
- Korean Air Ordered 30 Boeing Dreamliners.
- Turkmenistan Airlines Ordered a Single Boeing 777-200LR.
- Boeing's total orders from the Paris Air Show are valued at more than $30 billion before industry standard discounts.
And not to be forgotten, Embraer also inked a number of deals at the Paris Air Show including:
- KLM committed to taking up to 35 Embraer 195-E2 jets.
- Embraer announced orders from United, Fuji Dream and Binter.
Other Interesting PAS19 Happenings
Always one of the more compelling storylines at these events are the tech showcases. Leading the charge is Lockheed Martin, which unveiled plans for a supersonic passenger airplane. Because of the new technology, the aircraft will be quiet enough to fly over-land routes, unlike the Concorde, which only could fly over water.
Not to be outdone, Airbus announced it has developed technology to fly planes without pilots. All-electric aircraft manufacturer Eviation Aircraft announced a deal with Cape Air. Meanwhile, Embraer has launched a big data analytics platform.
Indigo ordered jet engines worth $20 billion from CFM International to power 280 Airbus A320neo and A321neo aircraft operated by it.
The last interesting tidbit is Boeing struck what they are billing as a “first of its kind” deal to supply parts for aircraft made by Airbus.