EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Markets

Boeing announces Dreamliner deal at Singapore Airshow

Natalie Fisher by Natalie Fisher
February 20, 2024
in Markets
Reading Time: 7 mins read
A A
6
20
SHARES
251
VIEWS
Share on FacebookShare on Twitter

Singapore (AFP) – Boeing said Tuesday that Thai Airways had placed an order for 45 Dreamliner aircraft, the first major deal announced by the embattled US plane-maker at the Singapore Airshow.

It was one of several purchase agreements unveiled on the first day of Asia’s biggest airshow where European plane-maker Airbus is showcasing the A350-1000 and China is presenting its first domestically produced passenger jet.

With its C919 aircraft, Beijing is seeking to challenge the decades-long dominance of Airbus and Boeing while reducing its reliance on foreign technology.

Related

Oil prices fall even as Israel-Iran strikes extend into fourth day

Oil prices fall even as Israel-Iran strikes extend into fourth day

Oil prices rise further as Israel-Iran extends into fourth day

Dollar dives on Trump’s new trade threat

Shares stumble after Trump’s latest trade threat

In addition to the 45 Dreamliners for Thai Airways, Boeing announced that Royal Brunei Airlines had ordered four of the 787 aircraft.

It did not provide a value for the deals.

At list prices, the Thai order would be worth $13.16 billion, but customers usually get a discount when making bulk aircraft orders.

Thai Airways chief executive Chai Eamsiri said the planes would be equipped with the latest fuel-efficient engines to help the carrier cut its carbon emissions.

“We are confident that the acquisition of the 787 Dreamliners will ultimately benefit our customers and support the growth of our country’s economy,” said Chai.

State-owned Commercial Aircraft Corporation of China (COMAC) said it secured an order from China’s Tibet Airlines for 40 of its C919s and 10 of its ARJ21s.

Henan Civil Aviation Development and Investment Group also bought six ARJ21s which it will use for firefighting, medical service and emergency management, COMAC said in a statement.

A spokesperson for COMAC at the airshow would not give a value for the order.

– a ‘third option’ –

The single-aisle C919 is a potential competitor to the market-leading A320, made by Airbus, and the 737 MAX from Boeing.

But it has yet to attract buyers outside China, and analysts said it might struggle to find a big-name buyer at the airshow.

“There’s still a stigma with the ‘made-in-China’ brand in the aviation industry, even if China now leads the world in the electric vehicle market,” said aviation analyst Shukor Yusof of Singapore-based consultancy Endau Analytics.

“It will take time for the C919 to land an order from a major carrier,” he said, even though it’s “a matter of when, not if, a top-tier airline buys a Chinese-made commercial jet”.

Brendan Sobie, who runs his own consultancy Sobie Aviation, said the Chinese brought the C919 to the airshow to “raise awareness and as a symbolic first step” to it being certified internationally.

He said airlines are eager to have a “third option” apart from Boeing and Airbus but “persuading them to buy the C919 is challenging”.

– still smarting –

While Boeing was in attendance at the airshow, it has not brought any physical commercial aircraft, unlike in previous years.

Boeing is still smarting from a near-catastrophic incident in January, when a fuselage panel on a Boeing 737 MAX 9 Alaska Airlines jet blew off mid-flight.

The incident, which caused only minor injuries, led the US Federal Aviation Administration to ground more than 170 MAX 9 planes for around three weeks.

More than 1,000 aviation and defence companies are taking part in the airshow, which is held every two years.

China, South Korea and the Czech Republic have country pavilions for the first time, and Airbus is showcasing its new long-range A350-1000 plane.

Organisers expect the show to draw 50,000 trade attendees from around the world — close to pre-pandemic levels.

A watered-down airshow was held in 2020 after many of the exhibitors pulled out, and the 2022 edition went ahead but without the two days open to the public.

“2018 was the highest we’ve ever had. We are close to the best we’ve ever had,” said Leck Chet Lam, managing director of event organiser Experia.

This reflects the global recovery of air travel, he said.

Tags: aircraftairshowBoeing
Share8Tweet5Share1Pin2Send
Previous Post

Wind-powered Dutch ship sets sail for greener future

Next Post

‘World’s most harmful’: What is the LockBit cybercrime gang?

Natalie Fisher

Natalie Fisher

Related Posts

Markets

EU crypto regulation hampered by national flaws

June 12, 2025
Markets

Asian shares stumble after Trump’s latest trade threat

June 12, 2025
Markets

Wall Street climbs on easing US-China tensions, cool US inflation

June 11, 2025
Markets

Stocks rise after China-US framework on trade

June 11, 2025
Markets

Global stocks mixed as markets eye US-China trade talks

June 10, 2025
Markets

Stocks diverge awaiting China-US trade talks

June 9, 2025
Next Post

'World's most harmful': What is the LockBit cybercrime gang?

Global stocks mostly lower despite China rate cut

Lack of rain leaves Italy gasping

Walmart says it will buy TV maker Vizio for $2.3 bn

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Spain says ‘overvoltage’ caused huge April blackout

June 17, 2025

Swiss insurers estimate glacier damage at $393 mn

June 17, 2025

Brazil sells rights to oil blocks near Amazon river mouth

June 17, 2025

Trump says EU not offering ‘fair deal’ on trade

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.