Airbus and Boeing Snag Huge Aircraft Deals in Dubai
The 2017 Dubai Airshow was supposed to be a relatively quiet affair. In the run-up to the air show, there was speculation about Emirates placing a repeat order for several dozen Airbus (NASDAQOTH: EADSY) A380s -- helping to sustain that struggling aircraft program -- but not much else.
Instead, last week seemed like a flashback to the boom times of a few years ago. Boeing (NYSE: BA) and Airbus announced orders and commitments for a massive number of airplanes at the Dubai Airshow, supporting their plans to continue increasing their production.
On the first day of the Dubai Airshow, Boeing landed an extremely important deal, as Emirates committed to buy 40 787-10s. This ended several years of speculation about whether the Middle Eastern airline giant would order the Dreamliner or go back to Airbus' competing A350. (Emirates canceled a previous order for 70 A350s in 2014.)
Source: Fool.com