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26/04/05

Permalink 05:56:28 pm, Categories: Markets, Companies, 146 words  

Boeing retaking aviation market

Boeing has taken yet another step in it’s effort to once again become the leader in the commercial aerospace industry, a status that had been claimed in recent years by Airbus, Boeing’s European rival.

After an announcement of a new order worth $6 billion from Air Canada, Boeing announced Tuesday that Air India had ordered up to 50 aircraft from the Chicago-based company.

Boeing is also expected to announce an order of eighteen 787s from Northwest Airlines. Northwest was previously Airbus’ third-largest customer.

One factor in Boeing’s new ascendancy over Airbus is that Airbus has not settled on a configuration for its new Airbus A350, and has not received formal approval to build it even though it is already taking orders for the new plane.

The Air India order, which is said to be worth almost $7 billion, includes eight 777-200LRs, fifteen 777-300ERs, and twenty-seven 787s.

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