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

USD -
AED 3.673025
AFN 69.49161
ALL 84.204905
AMD 384.02998
ANG 1.789699
AOA 917.000315
ARS 1339.238498
AUD 1.541185
AWG 1.8025
AZN 1.763599
BAM 1.694735
BBD 2.019765
BDT 121.944985
BGN 1.689295
BHD 0.37698
BIF 2948.5
BMD 1
BND 1.289107
BOB 6.912269
BRL 5.502975
BSD 1.000308
BTN 87.75145
BWP 13.585141
BYN 3.287192
BYR 19600
BZD 2.009393
CAD 1.37705
CDF 2889.9999
CHF 0.80672
CLF 0.024629
CLP 966.169922
CNY 7.1841
CNH 7.193565
COP 4090.5
CRC 505.435183
CUC 1
CUP 26.5
CVE 95.624959
CZK 21.234199
DJF 177.720114
DKK 6.44258
DOP 60.825032
DZD 130.3459
EGP 48.420105
ERN 15
ETB 138.650224
EUR 0.86337
FJD 2.26045
FKP 0.752485
GBP 0.751501
GEL 2.705228
GGP 0.752485
GHS 10.549812
GIP 0.752485
GMD 72.445873
GNF 8675.000167
GTQ 7.674744
GYD 209.292653
HKD 7.849955
HNL 26.349894
HRK 6.505797
HTG 131.268711
HUF 343.626499
IDR 16360.4
ILS 3.446685
IMP 0.752485
INR 87.705974
IQD 1310
IRR 42124.999608
ISK 123.319845
JEP 0.752485
JMD 160.063082
JOD 0.709001
JPY 147.382502
KES 129.500947
KGS 87.449853
KHR 4010.000041
KMF 425.500839
KPW 900.023324
KRW 1389.440134
KWD 0.30565
KYD 0.833601
KZT 537.911971
LAK 21599.999839
LBP 89550.000009
LKR 300.828824
LRD 201.00009
LSL 17.916238
LTL 2.95274
LVL 0.60489
LYD 5.434986
MAD 9.08875
MDL 17.030753
MGA 4435.000182
MKD 53.156333
MMK 2098.973477
MNT 3592.605619
MOP 8.088525
MRU 39.901832
MUR 45.630274
MVR 15.397068
MWK 1736.503563
MXN 18.721397
MYR 4.227499
MZN 63.95966
NAD 17.89956
NGN 1528.250481
NIO 36.750129
NOK 10.246735
NPR 140.403537
NZD 1.689205
OMR 0.384506
PAB 1.000321
PEN 3.555034
PGK 4.135502
PHP 57.498499
PKR 282.549976
PLN 3.696587
PYG 7492.775412
QAR 3.640499
RON 4.382901
RSD 101.170981
RUB 80.000345
RWF 1441.5
SAR 3.75217
SBD 8.244163
SCR 14.729442
SDG 600.509569
SEK 9.665502
SGD 1.287065
SHP 0.785843
SLE 23.101869
SLL 20969.503947
SOS 571.501579
SRD 36.969504
STD 20697.981008
STN 21.485
SVC 8.752692
SYP 13002.222445
SZL 17.89012
THB 32.360085
TJS 9.41336
TMT 3.51
TND 2.899009
TOP 2.342101
TRY 40.6889
TTD 6.787371
TWD 29.988499
TZS 2469.999853
UAH 41.705046
UGX 3580.449636
UYU 40.154413
UZS 12624.999577
VES 126.950815
VND 26245
VUV 119.406554
WST 2.772467
XAF 568.405501
XAG 0.0264
XAU 0.000296
XCD 2.70255
XCG 1.80286
XDR 0.704914
XOF 567.499511
XPF 103.424984
YER 240.35018
ZAR 17.858051
ZMK 9001.198078
ZMW 23.033097
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • RYCEF

    -0.1700

    14.33

    -1.19%

  • RBGPF

    -0.0200

    74.92

    -0.03%

  • BTI

    0.2900

    55.84

    +0.52%

  • GSK

    -0.3600

    37.32

    -0.96%

  • CMSC

    0.0000

    23.07

    0%

  • RIO

    -0.3000

    59.7

    -0.5%

  • CMSD

    -0.1200

    23.51

    -0.51%

  • NGG

    -0.3700

    72.28

    -0.51%

  • SCS

    -0.6200

    15.96

    -3.88%

  • RELX

    -1.3800

    50.59

    -2.73%

  • VOD

    0.0600

    11.1

    +0.54%

  • BCC

    4.0600

    86.77

    +4.68%

  • JRI

    0.0600

    13.26

    +0.45%

  • AZN

    -0.1100

    74.48

    -0.15%

  • BP

    1.1100

    33.6

    +3.3%

  • BCE

    0.2500

    23.56

    +1.06%

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