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Airbus trounces Boeing with another record order
Airbus trounces Boeing with another record order - Yahoo! Finance
LE BOURGET, France (AP) -- Airbus is trouncing Boeing in the race to be the world's biggest planemaker, claiming over $72 billion dollars worth of orders and commitments at the Paris Air Show, where the popularity of its new fuel-efficient jets twice broke records for the largest order ever.
Airbus' success cast a long shadow over Chicago-based Boeing, which recorded only $22 billion in orders and commitments, and raised questions over the U.S. planemaker's ability to compete in a market dominated by concerns over high fuel prices.
Airbus CEO Tom Enders and AirAsia CEO Tony Fernandes signed off Thursday on an $18.5 billion order for 200 of Airbus' new A320neo aircraft, which has proven to be the star of the aviation industry's premier event.
The order is the largest ever, eclipsing the previous record set just Wednesday by another A320neo customer, Asian carrier IndiGo. Airlines often negotiate discounts on large deals.
The recipe to Airbus' gains over Boeing is deceptively simple. It modified its existing workhorse jet, the A320, with improved engines and modified wingtips to make it allegedly 15 percent more fuel-efficient than Boeing's 737.
Airbus trounces Boeing with another record order - Yahoo! Finance