Boeing Co and Airbus Group expecting fresh orders in Paris Air Show

As Airbus and  Boeing  targeting to book “several hundred” aircraft orders at the Paris Air Show, lets take a look at the manufacturers progress so far with previous orders and demand for their commercial aircraft.

Boeing Co. and Airbus Group are going to attend the Paris Air Show from 15 to 21 June, and are optimistic of getting high amount of orders for their single aisle commercial airplane. Presently, Airbus has the most orders booking as compared to Boeing.

Fabrice Bregier, CEO of Airbus remains assertive regarding up-coming orders, as on Saturday he said that Airbus is most likely to get “several hundred” fresh orders, as reported by Reuters. Together with Boeing and Airbus, many other companies who make commercial aircrafts will go to attend the show. In fiscal year 2014, over 2,000 exhibitors were present in the show, whereas for FY15 it is most likely to cross 2,200 exhibitors.

Both Airbus and Boeing are in head to head competition in getting fresh orders. Airbus at the moment has around 209 total net orders compared to 134 Boeing order. However, Boeing has lately got 69 737 Max aircraft order for $6.1 billion from a carrier in China, which will be added to its overall net orders.

In FY13, Airbus got 466 orders valued at $68.7 billion for its aircraft, when Boeing Co. reserved an overall of 422 orders worth of $66 billion. Presently, both the companies have a substantial backlog that means any new order will need some time to get deliver.

However, with latest issues with the aircraft of Airbus, it is not clear if Mr. Bergier’s hopes from the Air show will come true or not. The latest Airbus A320NE0 model had technical problems during its test flight last week, because of which the testing was delayed. Sources close to the matter said that the problem occurs because of a problem in A32ONE0 engines made by Pratt & Whitney. But still, officials of the company are optimistic that the delay will not impact the deliveries of aircrafts.

Airbus is already facing problems in maintaining its jumbo A380 sales, due to decreasing demand from United States and Gulf Airlines. Earlier last month, the firm got an order for A380 from Emirates. Airbus is responsible for the delivery of almost 79 aircraft orders. While, Mr Bregier said that revamp of A380 is not their priority at the moment.

Airbus has been able to beat Boeing in terms of aircraft order, but has been falling behind when it comes to deliveries, as it has only delivered 196 aircrafts compared to 250 commercial aircrafts delivered by Boeing. However, Airbus has guaranteed shareholders that it will post an increase in year over year total deliveries.