Wednesday, June 19, 2013

New Airbus plane takes off with big orders at Paris Air Show

Le Bourget: The Airbus next-generation A350 plane took off commercially at the Paris Air Show today, winning multi-billion-dollar deals and the European manufacturer said that more deals were in the air.
The news comes just days after the new plane took to the skies in its first ever test flight on Friday, stealing the limelight before the start of the air show -- a key event where Airbus and Boeing compete fiercely for plane orders.
The two rivals are currently head-to-head -- USD 44.6 billion in new plane orders or agreements for Airbus versus USD 44.8 billion for Boeing -- after Ryanair boosted a lagging Boeing by confirming a huge order for 175 medium-haul 737 planes.
Airbus-side, Air France-KLM also confirmed an order for 25 A350 planes -- which make extensive use of lighter composite materials to reduce fuel costs -- in a deal worth USD 7.2 billion at catalogue prices.
19/06/13 AFP/Business Standard
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