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Aerospace industry

Airbus Takes Lead in Aircraft Sales at Farnborough Air Show

Strategic Insights

— 1 min read

Airbus Industrie has pulled ahead of Boeing in the race to announce aircraft sales, with a major order from the International Lease Finance Corporation (ILFC), worth approximately $6.6 billion. The deal includes five of Airbus's proposed superjumbos, the A3XX, which ILFC's CEO Steve Hazy has endorsed as the "flagship of the 21st century." This order comes on the heels of 17 confirmed orders from Air France and Emirates airlines on Monday, which saw Air France's share price slide in the aftermath of the Paris Concorde crash. Meanwhile, Boeing has secured orders for its 777s from All Nippon Airways, but lags behind Airbus in the megadeal sweepstakes.

Key Takeaways:

  • Airbus Industrie has secured an order from ILFC for 87 aircraft, worth approximately $6.6 billion, including five superjumbos (A3XX).
  • The order is a significant boost to Airbus's sales, following 17 confirmed orders from Air France and Emirates airlines on Monday.
  • ILFC's CEO Steve Hazy has endorsed the A3XX as the "flagship of the 21st century."
  • Boeing, in a bid to keep up, has secured orders for its 777s from All Nippon Airways, but lags behind Airbus in megadeal announcements.
  • Airbus has announced that British Midland will begin offering long-haul services with a fleet of up to 12 Airbus craft, with deliveries scheduled to begin in 2001.
  • Finnair will take six additional planes from Airbus.
  • Rolls-Royce has secured a $1.02 billion engine order and maintenance agreement with Continental Express for the Embraer regional jet.
  • Rolls-Royce has also signed an agreement with Boeing to offer the Trent 600 for developments of the 747 and 767.
  • The Air France crash has significant implications, particularly for Concorde, which is powered by Rolls-Royce Olympus engines.

Statistics:

  • $6.6 billion: Approximate value of ILFC's order with Airbus
  • 87: Number of aircraft ordered by ILFC
  • 5: Number of superjumbos (A3XX) included in the order
  • 17: Number of orders confirmed from Air France and Emirates airlines on Monday
  • $1.02 billion: Value of the engine order and maintenance agreement between Rolls-Royce and Continental Express
  • 75: Number of planes for which Rolls-Royce will provide engines
  • 100: Option on further planes for Rolls-Royce to provide engines for
  • 2001: Scheduled year for deliveries of Airbus craft to British Midland
  • 2002: Scheduled year for deliveries of engines for the Embraer regional jet to begin

Sources:

  • The Times, 2000

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