Reuters, FARNBOROUGH, England, July 17 – This week, as the aerospace industry swelters at its biggest event since COVID-19, Boeing (BA.N) will attempt to support its ailing 737 MAX 10 and 777X jetliners with orders officially totaling over $15 billion from Delta Air Lines and Lufthansa. After months of negotiations on its largest 737 with Delta, the American plane maker, which is battling to hold onto its duopoly with Europe’s Airbus (AIR.PA), will strike early at the Farnborough Airshow, which opens on Monday.
Reuters originally reported in March that Delta (DAL.N) was considering purchasing 100 MAX 10, and the company was reportedly in talks to order another 12 Airbus A220s last week. A contract is expected to be announced on Tuesday. View More Approximately 10 huge Boeing freighters, including seven of the recently introduced cargo variant of the 777X, are expected to be finalized by Germany’s Lufthansa (LHAG.DE), according to sources.
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Before the show, which is continuing on despite an emergency weather warning and a transportation disruption brought on by forecasts for record-breaking high temperatures, none of the parties commented .Aerospace companies will make every effort to demonstrate that civil demand is still strong despite the greatest downturn in their history as Britain melts. The industry will be gathering in the shadow of the Ukrainian conflict, which will also bring attention to rising defense spending.
Delegates stated that despite this, many of the agreements would be tentative or formal signings of business already underway, and almost all will be marketed as contributions to reduce emissions in support of a shared goal of net zero emissions by 2050. The recent purchase of 56 Airbus A320neos by EasyJet (EZJ.L) is expected to receive shareholder approval, putting the airline on Farnborough’s radar. Seven A350 freighters have been ordered by Etihad with no word yet on whether they will be displayed during the exhibition.
According to a source close to the negotiations, Poland’s LOT is reviewing the proposals from its current suppliers Boeing and Embraer as well as Airbus and engine companies but will not make a decision during the show. This refutes a rumour that the airline has already chosen Airbus. After reaching its high in 2016, demand for jets remained strong until the epidemic devastated air travel. Now that traffic is picking up, there are enormous lines for passengers and some jets are once again in demand.