Boeing, DHL Express Announce Purchase of 14 Boeing 777 Freighters

Marco Green
July 18, 2018

She said: "We can all feel incredibly proud of our position as a leading aerospace nation".

Chicago-headquartered Boeing could signal plans for its new midsize airplane (NMA), but reports suggest this could be derailed by the festering global trade war spearheaded by US President Donald Trump. China needs a positive contribution from the aerospace industry to help fulfil its growth ambitions, while Boeing and its suppliers help generate a huge trade surplus as well as manufacturing jobs in the US.

"The overall environment will reflect industry health, despite the dark clouds of Brexit and other global trade setbacks in the background", said analyst Richard Aboulafia of Teal Group.

Paul Everitt, chief executive of ADS said: "Today the Prime Minister opened the 2018 Farnborough International Airshow with a strong statement of intent on a future combat air strategy and important commitments to an Aerospace Sector Deal".

China's Sichuan Airlines said it will be buying 10 A350 long-haul planes with a list price of Dollars 2.8 billion (2.4 billion euros), while India's Vistara signed a letter of intent to purchase 13 single-aisle A320neo aircraft.

Rival airframers Boeing and Airbus have both secured deals on day 1 of the Farnborough International Airshow. Sichuan will also lease four of the planes.

DHL placed an order and commitment for 14 Boeing 777 Freighters, and purchase rights for 7 additional freighters.

Boeing, which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made previous year to customers in China, one of the world's fast-growing aircraft markets. We had a very massive wave 4-5 years ago with a lot of orders.

With the industry giants moving onto its turf, Japan's big hope for the regional jet market, the Mitsubishi Regional Jet (MRJ), was dealt a setback on Tuesday when it had to cancel a demo flight after the jet was hit by a truck.

The US$23 billion AirAsia deal would give a boost to Airbus' slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family. StarLux, founded by former Eva Airways chairman Chang Kuo-wei, is aiming to start long-haul service to North America by 2021.

"It's our biggest global show ever", said Gareth Rogers, chief executive of Farnborough worldwide, adding that Chinese participation alone was up 70 percent from 2016.

A source familiar with the matter said on Monday that defence minister Gavin Williamson would unveil a model of the country's proposed new fighter jet at the show, and earmark £2bn in funding for the project.

"This has changed the whole landscape in terms of its credibility", Udvar-Hazy said. Airbus and Boeing are undergoing an unprecedented order boom fuelled for single-aisle jets driven by fuel-saving planes and growth in air travel, especially Asia.

Boeing shaved its forecast for the regional jet fleet to 2,320 deliveries.

Other reports by Click Lancashire

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