August 8, 2022

Boeing aims to light up the Farnborough Air Show under record heat

Boeing aims to light up the Farnborough Air Show under record heat

An aerial photo of a Boeing 737 Max 10 parked at King County International Airport – Boeing Field in Seattle, Washington, US, June 1, 2022. REUTERS/Lindsey Wasson

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  • Delta announces deal to buy 100 Boeing 737 Max 10 aircraft – sources
  • Lufthansa seals deal for 10 Boeing cargo planes – sources
  • Boeing ‘very close’ to resuming 787 delivery – executive
  • 737 Max 10 Cancellation Not a Great Possibility – Executive

FARNBOROW, England, July 17 (Reuters) – Boeing will seek to prop up its troubled 737 Max 10 and 777X planes with more than $15 billion officially worth orders from Delta Air Lines and Lufthansa this week, as the airline industry stumbles in its biggest event since then. . COVID-19.

Industry sources said the US aircraft maker is struggling to maintain its duopoly with European Airbus (AIR.PA)early on at the Farnborough Air Show, which begins Monday, after months of talks to sell Delta’s largest single-aisle jet.

Reuters first reported in March Delta (DAL.N) He was discussing the purchase of 100 Max 10 jets, and it reported last week that the airline was also in talks to order about a dozen more Airbus A220s in a deal likely to be announced on Tuesday. Read more

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German Lufthansa (LHAG.DE) It is likely to seal a deal for about 10 large Boeing freighters, including seven of the recently launched 777X freighters, sources said.

Neither party has commented ahead of the show, which is going ahead despite the UK’s emergency warning about weather and restricted rail access due to expected warmer temperatures.

As Britain melts, airlines will do their best to show civilian demand is sound after the worst downturn in its history. Rising defense spending will also be in focus as industry gathers in the shadow of the war in Ukraine.

Boeing unveiled a largely stable outlook for civilian aircraft on Sunday. Read more

However, many of the deals will be temporary or formal signatures of work already in progress, and nearly all of them will be aggregated as emissions reductions contributions to support a common goal of net zero by 2050, delegates said.

easyJet (EZJ.L) It aims to secure shareholder approval for a recent deal for 56 Airbus A320neos, and put it on Farnborough’s radar.

A person close to the talks said Poland’s LOT was considering proposals from existing suppliers Boeing and Embraer as well as Airbus and engine companies, but would not make a decision at the show, and denied a report that the airline had already chosen Airbus.

Airbus and Boeing officials traveled to India prior to the show in pursuit of huge success from Air India’s new owners, the Tata Group. The sources said the company is considering buying between 200 and 300 narrow-body aircraft and 30-70 wide-body aircraft shared by suppliers, but hopes for a deal this week appear to be fading.

However, most of the attention will be on the MAX 10 and 777X which Boeing plans to fly in the Farnborough mini-screen.

main headache

Both planes are the source of major headaches as Boeing grapples with regulatory issues in the wake of a two-year safety crisis triggered by the crash of a smaller Max plane.

Boeing has a December deadline to win approval for the 737 Max 10 — the largest member of the single-aisle family — or meet new cockpit alert requirements, unless Congress waives it.

CEO Dave Calhoun said Boeing may have to scrap the 737 Max 10 — a move that could have repercussions across the industry including rival Airbus, which is reluctant to be drawn into a race to develop new planes too soon.

However, Boeing’s chief commercial officer, Stan Deal, told reporters Sunday that canceling the MAX 10, which analysts say is needed to compete with strong sales of the Airbus A321neo, “is not a high-potential path.”

Dell said Boeing is also close to delivering its first 787 in a year after a series of regulatory and production problems.

Space leaders will also come under pressure this week to address concerns about supply chains and rising inflation that are raising questions about both input costs and consumer demand.

Market leader Airbus is currently committed to plans to increase production of the single-aisle A320neo to 75 aircraft per month in 2025 from 50 now, but some suppliers fear that supply chains may not keep pace.

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(covering) by Tim Hever, David Shepardson and Paul Sandel; Editing by Mark Potter

Our criteria: Thomson Reuters Trust Principles.