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Boeing Blog

Seattle Times aerospace reporter Dominic Gates covers top industry events to bring you the latest news, highlighting how it impacts Boeing and its competitors.

July 15, 2014 at 7:49 AM

Deals of the day, sealed with a kiss

The biggest deal announced on Day 2 of the  Air Show came from AirAsia, whose ebullient CEO Tony Fernandes agreed to a $13 billion order for Airbus’s A330neo.

As Bloomberg News described it:

Business reserve gave way to raw emotion when AirAsia Bhd. signed Airbus’s biggest deal yet at this year’s Farnborough Air Show, with the executives of both companies exchanging kisses and man-hugs. Airbus Chief Executive Officer Fabrice Bregier grabbed his counterpart at AirAsia, Tony Fernandes, and planted a kiss on his cheek after Fernandes said he’d buy 50 A330-900neo airliners. The passion on display at the press conference flowed from Fernandes to John Leahy, the Airbus sales chief, who found himself on the receiving end of another peck.

Other Airbus deals came from  SMBC Aviation Capital Ltd. buying jets for $11.8 billion, followed by BOC Aviation Ltd. taking 43 single-aisle aircraft, as well as deals from two other leasing companies worth a combined $8.8 billion at list price, Bloomberg reported. Actual prices are considerably lower since both Airbus and Boeing offer big discounts from their published prices.

Boeing, which places less emphasis on hoarding orders to announce at the Air Show, unveiled orders worth roughly $6 billion at list prices:

Leasing company CIT Aerospace placed an order for 10 787-9 Dreamliners, valued at $2.5 billion. That brings the leasing company’s total 787 orders to 20, including 16 787-9s.

Air Lease Corporation announced an order for six 777-300ER (Extended Range) jets valued at $1.6 billion.

And Intrepid Aviation, also a leasing company, announced its first direct Boeing order for six 777-300ERs valued at $1.9 billion. Intrepid also has the option to purchase an additional four 777s.

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