WASHINGTON, June 17, 2013 /PRNewswire-USNewswire/ -- The battle of the jumbo jets moves to center court this week with the opening of the Paris Air Show, the world's single biggest aircraft shopping bazaar.
Moving quickly to catch up with its rival Boeing, Europe's Airbus officially enters the wide body market in Paris with its A350, a long-haul, fuel efficient aircraft made of lightweight composite materials. Airbus says it already has banked billions of dollars in orders from Qatar Airways, British Airways and Hong Kong's Cathy Pacific.
German transport financier Doric Asset Finance said on Monday it has signed an agreement to buy 20 Airbus A380 superjumbos in a deal worth $8 billion, with deliveries to begin in 2016. The A380 is a double-deck version, with capacity to carry 525 passengers in a three-class configuration, or up to 853 in a single-class configuration.
Boeing, hoping to leave its 787 Dreamliner battery troubles behind, has entered the show ready to announce the launch of its 787-10X, a 330 passenger version with a 12,964 km range. GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, said it will buy 10 of the 10-X planes.
Boeing projects a demand for more than 35,000 new airplanes of all passenger classes over the next 20 years, valued at $4.8 trillion. Boeing's new 737 MAX has already recorded more than 1,300 orders.
While the Airbus-Boeing jumbo jet battle is grabbing most headlines from Paris, Canada's Bombardier is busy working the small jet market with its CSeries aircraft. Brazil's Embraer has an upgrade to its narrow-body, medium-haul E-jet family of aircraft, popular in regional flight markets.
On the military side of the Paris Air Show runway, French manufacturer Dassault said it is launching a program to build surveillance drones in cooperation with EADS and Italy's Finmeccanica. European countries have so far relied on the US and Israel for the unmanned aircraft.
EIN News, a leading media monitoring company, provides in-depth 24-hour coverage of news from the Paris Air Show, along with continuing coverage of major aircraft manufacturers via many news sections, including:
Paris Air Show News--http://airlines.einnews.com/news/paris-air-show
Paris Air Show Exhibitors News--http://parisairshow.einnews.com/category/paris-air-show-exhibitors
SOURCE EIN News