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June 25, 2019

The Biggest Aerospace Deals from the Paris Air Show

The Paris Air Show is the largest event of its kind. It’s the place to see the most beautiful aircraft and the newest, most high-tech innovations in the industry. But it’s also where the biggest aerospace deals in the world get done.

Here are the most important industry developments from PAS 2019.

Boeing

Things started slowly for Boeing, which made its first sale since March —  twenty 787-9 and 787-10 Dreamliners — to Korean Air on the second day of the Paris Air Show. 

Boeing’s big moment came when IAG, owner of British Airways, agreed to buy 200 737 Max planes, likely at a discount due to its current safety concerns. 

Other deals included: 

– China Airlines and Qatar Airways each bought several 777 freighter models

– GECAS placed an order for ten 737-800 converted freighters 

– Air Lease Corporation committed to purchase 5 wide body 787 Dreamliners

Airbus

To kick of the show, Airbus announced the launch of the A321XLR, a widely anticipated single-aisle plane that will allow airlines to serve long distances between smaller cities. 

Airbus sold 27 XLRs to Air Lease Corporation, 50 to American Airlines and 32 to Indigo Partners, as well as smaller orders to four smaller airliners.

With the 14 wide-body A330neos sold to Virgin Atlantic, Airbus cashed in for an estimated $35 billion in total sales. 

Embraer

Brazilian firm Embraer reached a deal with Dutch airline KLM to sell 15 of its E195 E2 regional jets. KLM will use the plans on its sister airline KLM Cityhopper, and has the option to buy 20 more jets. 

Embraer cleaned up quite nicely at the Paris Air Show, taking orders for 78 planes worth $4.6 billion. 

Mitsubishi Aircraft Corporation 

Mitsubishi Aircraft Corporation revealed that it was in talks with an unnamed U.S. airline over the sale of its SpaceJet M100, a narrow-body regional jet that will be ready for market in 2023.

As a smaller, U.S. clause compliant version of Mitsubishi’s MRJ90 regional jet, the M100 is tailored specifically for the U.S. market and designed to help Mitsubishi compete with Embraer as the dominant supplier to regional airlines like JetBlue and SkyWest.

The SpaceJet M100 cabin — which comes in a 65-76 seat, three-class cabin configuration or with 88 seats in a single class — was presented on the exhibition floor at the Paris Air Show. 

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