Airbus Edges Ahead as Show Deals Top $165 billion
The 2013 Paris Air Show is on track to be the one of the highest-value air shows ever in terms of new business announcements. A brief analysis by AIN showed that by the end of yesterday sales on the civil side alone had already topped $165 billion. This total covered airliners, helicopters, business aircraft and engines, but excluded any associated service contracts. It included a lot of as-yet unconfirmed options and commitments, but AIN did exclude any previously announced business (where the customer identity had simply been confirmed).
Deadly rivals Boeing and Airbus were neck-and-neck in the deal-making Olympics before the show, with around $55 billion worth of contracts each. Then, late yesterday afternoon, Singapore Airlines confirmed a $14.2 billion contract for 30 A350-900s plus options for 20 more. For Boeing, one of the biggest-ticket items was provisional orders for its new 787-10 widebody, which was officially launched here on Tuesday. Officially, this does not yet have a price tag but some have valued the launch commitments at almost $30 billion.
The biggest deals of the day came from the engine sector with CFM International taking its show total to just above $15 billion, with orders from Ryanair, TUI and the CIT leasing group. Rolls-Royce won $1.1 billion in turbofan sales for the Air France-KLM A350s, plus another $800 million from the Sri Lankan Airlines deal. International Aero Engines has done almost $1 billion of business this week.
Among regional airliner makers, Embraer has topped the rankings, largely thanks to provisional business for its just launched E-Jets E2 family. This took projected spending for its portfolio during show week to $18.7 billion. ATR, which yesterday sold 20 ATR72-600s to leasing group HGI, announced almost $2.6 billion in new business, including a firm order for 35 ATRs from Nordic Aviation Capital.
Bombardier has also had a profitable time in the French capital, but largely on the business aircraft side where it logged just over $1.8 billion in new sales. AgustaWestland had a string of new helicopter sales, valued by AIN at roughly $430 million.