U.S. airplane maker secures $4.7 billion DHL order

Cornelia Mascio
Luglio 18, 2018

Boeing said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion.

Billions of dollars are at stake as the world's largest aircraft manufacturers, Boeing Co and Airbus SE, duel over orders this week at the Farnborough Air Show in Hampshire, UK - the biggest event of its kind this year.

One big thing: A trade war. What they will encounter is a global industry worth some $838 billion in trade and investment that employs millions and supports the defense of the USA and its allies.

AirAsia is reportedly in talks with Airbus for a deal worth over $20 billion. Airbus said this adds to the company's existing orders.

Washington recently imposed 25-percent tariffs on $34 billion of Chinese imports, and Beijing responded with tariffs on the same amount of US exports to China.

The chief executive of USA aerospace and defense giant Boeing has claimed tariffs and other trade restrictions could harm global economic growth.

China will pass the United States as the biggest air travel market within 10-15 years, driving a big rise in aircraft sales, the world's largest jet maker says. But, perhaps unsurprisingly, Brexit was a major them of the network's coverage.

Her comments were welcomed by Paul Everitt, chief executive of the industry body ADS. "The current uncertainty is already taking its toll, he thinks".

"Everybody is coming to the show", he added, noting that industry leaders, politicians and government officials would also be attending. Of particular interest to USA readers could be a new order from an expected start-up carrier to be launched by JetBlue founder Dave Neelemam. He said Boeing has deep relationships with China and is engaged in a "very good dialogue" with local customers.

The result should be a fierce contest for sales in the 100-150-seat sector even before Boeing closes its Embraer deal.

United Airlines has ordered four additional 787s from Boeing. But could there be a hitch? "But we will do so in a way that is good for business and good for our future prosperity", she said.

Farnborough, southwest of London, is one of the world's largest civilian and defence airshows, along with Paris and Dubai.

"Boeing and Airbus swamped with orders for new jets, are struggling to deliver them all on time - in some cases angering customers and delaying payments".

Past year was the best for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity.

"The 777 Freighter is an airplane perfectly suited to DHL's needs, offering an outstanding payload capability, with incredible range to service its extensive intercontinental network and unmatched reliability", said Boeing Commercial Airplanes President & CEO Kevin McAllister.

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