Thomas Black News
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Airbus SAS worked up a comeback in orders for its A350 wide-body a day after Boeing Co. took a direct swipe at the European competitor’s latest airliner by introducing a stretched Dreamliner.
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Updated 1 hour, 22 minutes ago
Boeing Co. accelerated the planned debut of its upgraded narrow-body jet while Airbus SAS said it would boost output of a rival model as they vied for advantage in the biggest part of the commercial-aircraft market.
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Boeing Co. has picked the 787-9 Dreamliner as the variant to be used for a future freighter, a step toward opening a new market for the plane and extending a lead over Airbus SAS in cargo aircraft.
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Korean Air Lines Co. agreed to buy five Boeing Co. 747-8 passenger planes as part of a planned $3.6 billion purchase of wide-body aircraft, giving a sales boost to a jumbo jet whose output is being cut due to weak demand.
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Boeing Co. Chief Executive Officer Jim McNerney may seek to stay past the age of 65 even though the company’s practice has been for CEOs to retire at that age.
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Boeing Co. said its stretched 787 Dreamliner promises to match sales of the smallest variant, boosting the plane’s order tally as much as 60 percent, as it expanded its wide-body lineup to blunt an Airbus SAS challenge.
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Steven Udvar-Hazy, the self- proclaimed godfather of aircraft leasing, said Boeing Co.’s stretched Dreamliner has better fuel economy over Airbus SAS’s A350-900, making the new 787 attractive to airlines.
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Boeing Co. said demand for the 747-8 jumbo jet, its largest and most-expensive model, will recover even as the company stashes some planes in desert storage and slows the production rate.
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General Electric Co.’s aircraft leasing division agreed to buy 10 of the largest Boeing Co. 787 Dreamliners valued at about $2.9 billion, a boost for the planemaker’s decision to stretch the jet to add seats.
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Boeing Co. defended the use of traditional aluminum for the fuselage of its upgraded 777 twin- aisle jet as Airbus SAS’s A350, a competing model made chiefly of composite plastic, takes the spotlight at the Paris Air Show.
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