Single-Aisle Aircraft Orders Touch $44 Billion At Farnborough Airshow 2016

Farnborough air show this year has seen a rise in orders for single-aisle aircraft with Airbus and Boeing racking up contracts worth $29 billion and $15 billion respectively.

However, Airbus tops the list this year, after landing a $12.6 billion jetliner deal from AirAsia. As per the contract signed on second day of the show, Malaysian discount carrier agreed to buy 100 A321neos.

Followed by a contract worth $7.73 billion under which Go Airlines (India) Ltd agreed to buy 72 A320neo aircraft, while Brazilian airline Avianca finalized a 62-plane order worth $6 billion at current list prices.  Berlin-based Germania also ordered for 25 A320neo narrow-bodies with a total list price $2.68 billion.

These blockbuster deals for single-aisle aircraft take Airbus’ Farnborough tally to 257 aircraft valued at $28.98 billion.

In addition, the European aircraft manufacturer has added wide-body aircraft customers to the list with the US-carrier Virgin Atlantic agreeing to buy eight of new A350 widebody jets and plans to lease another four. The deal is worth $4 billion at list prices.

Talking about the single-aisle jets orders, Boeing agreed to provide an unidentified Chinese client with 30 737 jets which would be a mix of the current model and the re-engined Max version, worth more than $3 billion at list prices. It also secured a deal to supply Kunming Airlines with 10 Max 7s valued at $902 million.

China's Xiamen Airlines also signed a memorandum of understanding (MOU) to buy up to 30 Boeing (BA.N) 737 MAX 200 airplanes worth $3.39 billion at list prices. And Donghai Airlines chose 25 Max 8s worth $2.75 billion and five 787-9s priced at $1.32 billion.

Meanwhile, Germany’s TUI has agreed to buy one 787-9 plane at $265 million and to convert options on 10 Max 8s into firm orders worth $1.1 billion, while China’s Ruili Airlines has confirmed an order for six of the wide-body aircraft valued at $1.59 billion at current list prices.

Whereas other rivals at the air show like Japan’s Mitsubishi also announced an order for 10 of its MRJ90 planes and Brazil’s Embraer for four of its E190 aircraft.