Airbus has outpaced Boeing in orders announced this week at the Farnborough Air Show outside London. Airbus announced a $7.2 billion order Wednesday from South Korea’s Asiana Airlines.
Together Airbus and Boeing have amassed more than $50 billion in orders at the show, which opened Monday. Middle Eastern and Asian carriers and leasing companies make up for slackening demand from U.S. and European airlines, who’ve been hurt by rising fuel prices.
FTN Midwest Research Securities Corp. analyst Michael Derchin told Bloomberg, that getting any orders is good in this environment.
“Thank God for the Asians and the Middle Easterners,” Derchin told Bloomberg.
One Comment
The order backlog race is kind of a warped yardstick. It is important, but it also contains a lot of false achievement because the orders are placed by customers with a history of financial problems or not following through on commitments. The real test is actual deliveries.