Boeing signs $14.7 billion deal with United Airlines.
The Farnborough
Airshow held in England ended on a positive note for Boeing as the company was
able to secure an impressive $14.7 billion order from United Airlines for 150 aircraft.
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This
is significant development as Airbus, its main competitor, had earlier
announced its plans
for building the company’s first plant on US territory in Mobile, Alabama.
 |
| Boeing 737Max |
The
details of the deal were officially announced on Thursday at United Airlines
headquarters in Chicago.
With
the new order, Boeing has reaffirmed its foothold in the North American region,
of which it is already a market leader. On Wednesday, Boeing had announced
another order from Avolon for approximately another 100 aircrafts. Nearly 200
aircraft orders received by the company are for its fuel efficient narrow body 737
Max.
Besides
this, Boeing was also able to secure around $21 billion of orders while Airbus could
secure deals of $17 billion.
 |
| Airbus A320neo |
Boeing’s
737 Max is facing tough competition from A320 neo, Airbus’s reply to Boeing
fuel efficient next generation jets. So far, Airbus has secured more than 1400
orders for A320 neo while Boeing has received 649 orders for 737 Max.
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Relevant
Links
United
Airlines orders 150 Boeing 737s [San Francisco Chronicle]
United
Orders 150 Boeing 737s [Wall Street Journal]
.
