Airbus, Boeing Cross Wings at Air Show

Top aircraft manufacturers ride high as industry rebounds
By Dustin Lushing,  Newser Staff
Posted Jun 18, 2007 10:43 PM CDT
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)
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(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.