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HOME > STOCKS

Boeing Takes Big Orders At Paris Air Show
Matthew Borghese

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Paris, France

Boeing is feeling the love at Le Bourget as it announced dozens of orders for new commercial passenger aircraft during the Paris Air Show.

Boeing and Qatar Airways announced a $1.7-billion deal for six Boeing 777-300ER (Extended Range) airplanes.

"We are extremely pleased to be playing a role in the growth and success of Qatar Airways," Boeing Commercial Airplane Division President and CEO Jim Albaugh said Monday. "And we are grateful for the confidence and trust that Qatar Airways continues to place in Boeing - and in the 777."

Boeing then announced an undisclosed deal for 17 747-8 Intercontinentals, valued at $5.4 billion.

Now, Boeing has a 50-plane backlog of 747-8 orders.

"These orders for the 747-8 Intercontinental mark a major milestone for the program and demonstrate the market's need for an airplane of its size and range. It will play a valuable role in further growing these carriers long-haul route networks," Albaugh said.

The good news kept coming as the aerospace firm announced another deal with Los Angeles-based Air Lease Corporation (ALC) for 33 airplanes (14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300ERs and four 787-9 Dreamliners).

 

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