AIRSHOW-Airbus confirms drop in air show orders

Fri Jun 19, 2009 1:10pm EDT
 
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* Airbus wraps up air show with 58 orders

* Orders down sharply from last year

* Industry waiting for upturn in passenger traffic

(Combines items, adds details)

PARIS, June 19 (Reuters) - European planemaker Airbus wrapped up the Paris air show with $6.4 billion of orders for 58 aircraft, marking as expected a steep fall from last year as airlines hold back from renewing fleets to stave off recession.

The world's largest planemaker also reported preliminary commitments -- yet to be placed in the order book -- for 69 planes worth $6.5 billion at list prices at the biennial show.

At last year's Farnborough Air Show -- which alternates with Paris -- Airbus notched up firm orders for 247 aircraft and Airbus and rival Boeing (BA.N) between them booked 444 orders.

Boeing and Airbus are headed for their worst annual order tally in at least 15 years as struggling airlines cancel or defer almost as many planes as they are buying.

Last year, the pair took net orders for 1,439 planes combined.

Purchases at the Paris Air Show were scarce but Qatar Airways issued a $2 billion order for single-aisle jets to repel low-cost competition and Malaysia's AirAsia X (AIRA.KL) snapped up 10 new-generation A350-900s worth $2.4 billion.

On Friday, the final pieces fell into place when THY Turkish Airlines (THYAO.IS) announced plans to purchase 10 airplanes from Airbus and seven from Boeing as part of a fleet-expansion plan, aimed at making it a global airline.

The purchases are the first under the plan to buy up to 105 planes from the two aircraft makers [ID:nLJ676485].

Reuters reported on Monday that the Turkish carrier could place an order at the show, although at that stage industry sources were expecting a side deal away from the main tender.

Airbus said it had booked a provisional commitment for A330-200 wide-body jets plus five A330-300 planes for Turkish Airlines worth $1.4 billion, making 7 in total.

Airbus does not disclose options and these apparently account for the discrepancy with the airline's figure of 10.  Continued...

 

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