Three decades after he began his business career selling aluminum in Japan, Airbus Chief Executive Officer Fabrice Bregier tapped his experience of the country to land a $9.5 billion deal for a plane made of plastic.
China Eastern Airlines Corp. dropped an order for 24 Boeing Co. 787 Dreamliners in favor of 45 smaller 737s after the larger jet’s delivery was delayed and a weakening economy hurt demand for long-haul air travel.
Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.
Boeing Co. topped profit estimates for the quarter when it delivered the first 787 Dreamliner and said the new model’s production costs will be spread over 1,100 planes, matching analysts’ projections.
American International Group Inc. ’s jet-leasing unit said it will buy 100 Airbus SAS aircraft and 33 Boeing Co . 737s, $11.8 billion in planes at list prices, as airlines refresh their fleets amid rising travel demand.
Boeing Co., which has boosted its 2012 profit forecast three times as commercial and military aircraft sales rose, said it expects challenges next year that include a tougher defense market and higher pension expense.