The China Mail - Boeing lands vast Delta MAX jets deal as Farnborough opens

USD -
AED 3.672499
AFN 64.999916
ALL 81.612415
AMD 361.429417
ANG 1.789785
AOA 917.000014
ARS 1515.013675
AUD 1.438249
AWG 1.8025
AZN 1.700214
BAM 1.747405
BBD 2.013572
BDT 123.421934
BGN 1.747831
BHD 0.377753
BIF 2993.687766
BMD 1
BND 1.282034
BOB 11.711836
BRL 5.048501
BSD 0.999772
BTN 95.182957
BWP 13.733399
BYN 3.020865
BYR 19600
BZD 2.010641
CAD 1.428685
CDF 2312.496248
CHF 0.83934
CLF 0.025067
CLP 986.569921
CNY 6.692151
CNH 6.70015
COP 3199.72
CRC 455.660238
CUC 1
CUP 23.993531
CVE 98.516424
CZK 21.93055
DJF 178.022773
DKK 6.72558
DOP 61.224946
DZD 134.824654
EGP 53.071104
ERN 15
ETB 163.294038
EUR 0.899696
FJD 2.253302
FKP 0.754659
GBP 0.760725
GEL 2.594977
GGP 0.754659
GHS 11.661597
GIP 0.754659
GMD 74.000188
GNF 8795.13605
GTQ 7.639869
GYD 209.069102
HKD 7.84837
HNL 26.840523
HRK 6.774401
HTG 130.910423
HUF 327.813001
IDR 17987.8
ILS 3.097598
IMP 0.754659
INR 95.200404
IQD 1515.48045
IRR 1779859.999568
ISK 122.720223
JEP 0.754659
JMD 158.765613
JOD 0.708973
JPY 158.933973
KES 129.779826
KGS 87.450008
KHR 4061.41256
KMF 439.99971
KPW 899.999961
KRW 1342.859621
KWD 0.31205
KYD 0.833099
KZT 451.695332
LAK 22493.623218
LBP 89523.405358
LKR 330.891222
LRD 170.452667
LSL 16.481157
LTL 2.95274
LVL 0.60489
LYD 6.422994
MAD 9.847399
MDL 17.89398
MGA 4501.940954
MKD 55.018986
MMK 2100.02843
MNT 3599.679138
MOP 8.081626
MRU 40.049676
MUR 47.439976
MVR 15.459908
MWK 1733.742534
MXN 18.55201
MYR 4.085202
MZN 63.926725
NAD 16.480347
NGN 1330.069802
NIO 36.792495
NOK 9.554205
NPR 152.293053
NZD 1.796445
OMR 0.38452
PAB 0.999736
PEN 3.442394
PGK 4.53782
PHP 62.956996
PKR 276.801369
PLN 3.93499
PYG 5704.585558
QAR 3.644591
RON 4.801205
RSD 105.635355
RUB 83.877246
RWF 1475.009269
SAR 3.74887
SBD 8.078071
SCR 13.864706
SDG 601.500861
SEK 10.087235
SGD 1.287135
SHP 0.754518
SLE 24.669714
SLL 20969.504398
SOS 571.364753
SRD 37.71204
STD 20697.981008
STN 21.88956
SVC 8.747783
SYP 13001.999685
SZL 16.474351
THB 33.724969
TJS 9.227237
TMT 3.5
TND 2.988314
TOP 2.40776
TRY 49.392098
TTD 6.799166
TWD 32.150946
TZS 2630.012996
UAH 44.933885
UGX 4039.293995
UYU 40.187267
UZS 11957.007308
VES 875.701597
VND 25897
VUV 119.372685
WST 2.788609
XAF 590.1616
XAG 0.017847
XAU 0.000244767483
XCD 2.70255
XCG 1.801832
XDR 0.707052
XOF 590.1616
XPF 106.553496
YER 236.195602
ZAR 16.66414
ZMK 9001.201353
ZMW 19.868757
ZWL 321.999592
SSP 5748.524006
MXV 2.094954
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Boeing lands vast Delta MAX jets deal as Farnborough opens
Boeing lands vast Delta MAX jets deal as Farnborough opens / Photo: © AFP

Boeing lands vast Delta MAX jets deal as Farnborough opens

US aerospace giant Boeing on Monday fired the first shot in an orders battle with European rival Airbus at Farnborough airshow, clinching a $13.5-billion deal for 100 MAX planes from Delta Airlines in a huge vote of confidence for the crisis-hit jet -- and for the broader sector recovery from Covid.

Text size:

The deal, announced on the first day of Farnborough amid a sweltering heatwave, marks a huge turnaround for the MAX jet which had suffered two deadly crashes in 2018 and 2019.

Outgoing British Prime Minister Boris Johnson meanwhile opened the prestigious five-day event as the aviation sector plots post-Covid recovery.

US carrier Delta lodged its first-ever order for medium-haul MAX 10 aircraft, with options for 30 more of the fuel-efficient planes as it seeks to replace its ageing fleet and cut emissions.

Boeing revealed also that Japanese airline ANA had agreed to purchase 20 of its smaller MAX 8 jets -- worth $2.4 billion -- plus two 777-8 freight planes.

- 'Persuasive case' -

"We always take pride in the quality of our customers and how good they are at their trade," said Boeing chief executive Dave Calhoun, speaking to CNBC after the news.

"What that says about the evaluation of our airplane, vis-a-vis whatever we compete against, their selection of the (MAX 10) plane reflects that," he said, adding that Boeing had made a "persuasive case" for the jet whose production still faces supply-chain issues.

Delta boss Ed Bastian added that the aircraft would help it improve fuel efficiency and secure a "more sustainable future for air travel".

The news comes as airlines worldwide seek to replace ageing fleets with fuel-efficient planes that emit less carbon dioxide.

Defence aerospace companies are also expected to emerge as big winners at Farnborough, with Russia's invasion of Ukraine boosting spending on armed forces worldwide.

Russian companies have been banned from the show due to the war.

The event also coincides with fast-moving political turmoil in Britain after Johnson's recent announcement that he is stepping down as Conservative party leader, sparking a divisive contest to replace him also as prime minister.

- 'Handing over controls' -

"This government believes in aviation and its power to bring jobs and growth to the entire country," Johnson said Monday in opening remarks, before alluding to his exit from Downing Street.

"After three years in the cockpit... I am now handing over the controls seamlessly to someone else. I don't know who," he added, sparking laughter from delegates.

Johnson also noted that his Conservative government was "investing massively in defence".

This year's event -- one of the world's largest civilian and defence shows -- is the first global aviation get-together since the Paris airshow in 2019, before Covid hit.

Farnborough was cancelled in 2020 as the Covid health crisis grounded aircraft and ravaged the sector.

Global air traffic is gradually recovering and in May reached more than two-thirds of its pre-pandemic level, according to the International Air Transport Association.

That recovery has however faced headwinds from rocketing inflation fuelled by historically high energy prices and higher wages, while staff shortages constrain airports and have sparked summer flight cancellations.

- Air displays -

Visitors to Farnborough witnessed air displays by Britain's Red Arrows and South Korea's Black Eagles, as well as from the US-made F-35 stealth fighter.

Airbus and Boeing are showcasing their latest twin-aisle passenger aircraft, the A350-900 and the 777X.

Ahead of the event, Britain issued a historic red warning for extreme heat, with southern England temperatures potentially exceeding 40C for the first time on Tuesday.

"It's pretty challenging and we know that tomorrow is going to be a little bit warmer," said John Paul Frasier, special advisor for Canadian aircraft manufacturer De Havilland.

"People who come to visit are really happy to visit."

J.Thompson--ThChM