Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Wizz deal lifts Airbus above Boeing

Thursday, June 18, 2015 - 01:21

Airbus has won more business than rival Boeing at this week's Paris Airshow. As Sonia Legg reports they were helped by a last-minute deal with Eastern European low-cost carrier Wizz Air and buoyed by demand from Asian customers.

▲ Hide Transcript

View Transcript

It's a traditional dog-fight at the Paris Airshow and it's ended with an Airbus victory. The European plane maker has secured more business than U.S. rival Boeing. It was helped by a last-minute deal with Eastern Europe's Wizz Air. The Hungary-based operation ordered 110 single-aisle planes for $13.7 billion following all-night negotiations. In all Airbus ended the show with 421 orders and commitments, worth $57 billion, against 331 for Boeing, worth $50.2 billion. Fabrice Bregier is CEO of Airbus's planemaking division. SOUNDBITE (English) FABRICE BREGIER, CEO AND PRESIDENT, AIRBUS, SAYING: "It comes largely from Asia and the Middle East for different reasons. but we also have with the new aircraft the markets in America and in Europe a replacement of ageing fleets because these airlines, if they want to remain competitive, need to move to the next generation aircraft like the A350 or the A380." The orders came despite warnings ahead of the show of a quieter event. And despite manufacturers having no major new product announcements. Airbus is still considering whether to re-engine or stretch its A380 superjumbo. And Boeing is yet to decide whether to invest in a middle-market jet to replace its 757.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Wizz deal lifts Airbus above Boeing

Thursday, June 18, 2015 - 01:21