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18.08.2019 17:35:00

Wide-Body Jet Orders Jump at Airbus and Boeing in July

The safety crisis surrounding the 737 MAX this year has put a damper on order activity for the latest version of Boeing's (NYSE: BA) workhorse single-aisle jet. More surprisingly, Airbus (OTC: EADSY) has also reported fairly weak order activity for its competing A320neo aircraft family during 2019.Those trends continued last month. Nevertheless, July could be considered a successful month for both aircraft manufacturers, as they saw solid order activity for their wide-body jets, which carry higher price tags and tend to have thinner order backlogs.In the first half of 2019, Boeing reported negative 180 net orders for its 737-family jets. The aerospace giant did book several dozen new orders during that period, but the collapse of India's Jet Airways forced it to remove a huge number of orders from its backlog. Meanwhile, Airbus' order total was in negative territory for the year as of May, but it started to turn things around in June, booking 130 new firm orders for A320neo-family aircraft.Continue reading
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