PARIS—The world’s two largest aerospace companies are flying out of the gates at the Paris Air Show.
Boeing and Airbus together secured orders for over 200 planes on the first day of the high-profile show and sales event in France.
Indonesian airline, Garuda was the most active buyer on day one, penning intents to purchase on 30 Boeing 787 Dreamliners and up to 30 737s. The airline also signed on to buy 30 Airbus A350s.
Among other buyers, GE Capital Aviation Service ordered 60 Airbus A320s.
As the show moved into its second day, Boeing announced a handful of further orders, including a sale of 100 737s to Aercap, the world’s largest aircraft leasing company. The deal is valued at over US$10.7 billion.
Though Bombardier announced an order for five Q400 turboprops and an upgrade on an order from Deutsche Lufthansa-owned airline, Swiss, on its first day in Paris, the company has yet to make any landmark sales on its new CSeries.
With aviation industry festivities just getting underway in Paris, however, it’s not too late for the Canadian transportation giant.
Amid the announcements of new orders, Airbus released its air traffic growth estimates, forecasting 32,600 new planes, worth US$5 trillion will need to come into service over the next 20 years. With emerging economies contributing to much of the growth, the company expects the world’s passenger and freight fleets of 19,000 today will more than double over the next 20 years.
Airbus’s figures are slightly more conservative than forecasts Boeing released earlier in June. The American behemoth forecast 38,050 new planes valued at $5.6 trillion by 2034.