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Boeing basks with $90B in November orders

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https://www.bizjournals.com/dayton/news/2017/11/24/boeing-basks-with-90b-in-november-orders.html

The Boeing Co. has much to be thankful for, following a bustling November. Boeing secured orders worth more than $90 billion.

The Chicago-based airplane maker showed the demand for its products across the globe continues to be strong.

Among the highlights of the month — which included the Dubai Air Show — was the $27 billion order from flydubai for 225 737 MAX airplanes. The deal represented the largest-ever single-aisle jet order — by number of airplanes and total value — from a Middle East carrier.

Other deals Boeing landed in November were:

  • A $37 billion order from China Aviation Suppliers Holding Company for 300 airplanes during a ceremony in Beijing;
  • A $15 billion deal with Emirates, one of the world’s largest airlines, for 40 787-10 Dreamliners;
  • A $7.4 billion contract with CDB Aviation for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners;
  • A $2.2 billion deal with ALAFCO Aviation Lease and Finance Company for 20 additional 737 MAX 8s; and
  • A $1.9 billion order from Azerbaijan Airlines for five more 787-8 Dreamliners and a commitment to purchase two large freighters.
All these deals come on the heels of a $14 billion deal with Singapore Airlines.

Boeing has seen particular success with its 737 MAX, which is the fastest-selling airplane in Boeing history, having surpassed 4,000 total orders from 92 customers.

“With flydubai’s proven business model and ambitious growth plans, we look forward to hundreds of flydubai 737 MAXs connecting Dubai with the rest of the world,” Kevin McAllister, Boeing Commercial Airplanes president and CEO, said of the flydubai deal.

These transactions will have a positive impact on Ohio. The Buckeye State is the No. 1 supplier to Boeing, which spends $10.5 billion with 392 suppliers in the state, including many in the Dayton region, and supports some 34,000 jobs in Ohio through its spending with suppliers.

In addition to GE Aviation, other large suppliers to Boeing in the region include UTC Aerospace Landing Systems in Troy, which has 700 employees; Projects Unlimited Inc., which has about 165 workers; Centerville-based SelectTech Services, which provides support in structural engineering; Troy-based Dare Electronics, which supplies devices that monitor voltage or perform sensing or control functions; as well as Honeywell Aerospace in Urbana that provides lighting for jets.
 
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Airbus’ best-selling A320 Family logged 24 orders in October, while 63 jetliners from the A320 single-aisle, A330, A350 XWB and A380 widebody product lines were delivered to customers during the same period.

October’s new business was led by AirAsia’s booking for 14 A320ceo versions. Seven A320neo aircraft were ordered by an undisclosed customer, along with two A320ceo jetliners for Mexican low-cost carrier Viva Aerobus, and one ACJ320ceo Airbus Corporate Jet for an undisclosed customer.

With these latest contracts, combined orders for the single-aisle A320 Family surpassed the 13,300 mark – with a total of 13,308 for close to 300 customers as of 31 October.

Taking the month’s bookings and cancellations into account, Airbus’ overall net orders for the first 10 months of 2017 totalled 288 jetliners.

Single-aisle jetliner deliveries in October involved 49 A320 Family aircraft – including 22 of the A320neo and A321neo versions. For widebodies, Airbus delivered five A330s in the A330-200 and A330-300 configurations, along with eight A350-900s and one A380.

During the month, Air Mauritius became a new A350 XWB operator.

As of end-October, Airbus’ overall backlog of jetliners remaining to be delivered stood at 6,645 aircraft – representing the equivalent of approximately nine years of production at current rates.
 
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