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
Airbus, Boeing Cross Wings at Air Show
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 jetliner during the inauguration of the 47th Paris Air Show in Le Bourget, north of Paris, Monday...   (Associated Press)

(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. (Read more Airbus stories.)

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