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Airbus, Boeing Cross Wings at Air Show

Posted Jun 18, 07 10:43 PM CDT in Business,  Technology 

(Newser) – Rival aircraft producers Airbus and Boeing landed a slew of new orders at a gigantic air show that began today outside Paris. The biennial air show, the largest in the world, takes place as the airline industry begins to turn around; after two years of losses, profits this year are expected to top $5 billion, the AP reports.

US Airways will buy 92 planes from Airbus. Qatar purchased $16 billion worth of aircraft from the European company, including 80 A380s; engineering problems have delayed Airbus' signature double-decker model for 2 years. Boeing struck a deal with GE, selling four 777 freighters totaling $1.42B. At the last air show, in 2005, Airbus' sales were double Boeing's.

Source Associated Press

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French Prime Minister Francois Fillon, second left, listens to Airbus chief Louis Gallois, left, as French Defense Minister Herve Morin, third left, looks on, while looking at a model of an Airbus A350-XWB...   (Associated Press)
The new Airbus A 380 super jumbo jet performs a demonstration flight, on the first day of the 47th Paris Air Show in Le Bourget, north of Paris, Monday June 18, 2007. The air show is bigger than ever...   (Associated Press)
This computer generated image provided by Airbus Monday, June 18, 2007, shows an Airbus A350 bearing the colors of the US Airways. US Airways announced plans Monday June 18, 2007 to buy 92 Airbus aircraft,...   (Associated Press)
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airline industry  • Boeing  • airplane  • Airbus  • US Airways  • Airbus A380  • Qatar  • Paris Air Show  • GE


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