Airbus Beats Boeing for Dubai Order Activity
Last week, the global aviation community gathered in Dubai for the first major air show in two years. In previous years, Boeing (NYSE: BA), Airbus (OTC: EADSY), and their customers -- particularly airlines based in the Middle East and nearby regions -- have used the Dubai Airshow to announce massive aircraft orders.
Order activity was somewhat more muted at this year's Dubai Airshow, due to the continuing overhang of the COVID-19 pandemic. Airbus won the bulk of the deals that did materialize, helping it cut into Boeing's year-to-date lead on orders.
At the 2017 Dubai Airshow, Airbus announced that it had reached a memorandum of understanding for its largest order ever: A deal with investment firm Indigo Partners for 430 A320neo-family jets. The aircraft were to be divided among four ultra-low-cost carriers (ULCCs) in Indigo's portfolio, including Frontier Airlines in the U.S. and Volaris in Mexico.
Source Fool.com
