Business NEWS
A report on 48th Paris Air Show at Le Bourget Airport!
By Amarendra Bhushan for CEOWORLD Magazine Updated:June 16, 2009
The Paris Air Show comes amid tough times for the recession-hit airline industry and in light of unanswered questions over the crashed Air France jetliner.
The biennial Paris Air Show, first staged in 1909. The Paris Air Show is celebrating its 100th anniversary.
The 48th Paris Air Show opened Monday at Le Bourget Airport, north of Paris. It will last until Sunday. The world’s leading plane makers mount a fresh effort to nail down new deals at the Paris Air Show.
Airbus, a consortium of the French, British, Spanish and German aircraft industries was the big winner on the first day of the week-long show on Monday, announcing a 1.9-billion-dollar order from Qatar Airways for 24 medium-haul A320 planes.
Russian-controlled Hungarian airline Malev announced plans to buy 30 Sukhoi Superjet 100 planes worth up to $1 billion as the Russian aircraft maker predicted it would have 150 orders for the new jet by the end of 2009.
SuperJet International is a joint venture between Italy’s Alenia Aeronautica and Russia’s Sukhoi Civil Aircraft.
The Superjet 100 is marketed as cheaper than its rivals, Brazil’s Embraer and Canada’s Bombardier, with a catalogue price of 28 million dollars (20 million euros).
Rolls-Royce PLC signed a $1.5 billion order with Gulf Air to supply engines for the Bahrain-based airline’s new Airbus A330 long-haul aircraft. The British aircraft engine manufacturer will supply Trent 700EP engines to power 20 Airbus A330 aircraft, with deliveries beginning in 2012.
Canada’s Bombardier announced it had won, confirmed or converted a total of 35 firm orders for its CRJ1000 NextGen jets by Spanish regional carrier Air Nostrum, in deals worth a total of $1.75 billion.
A series of China-made planes and missiles have gone on display at this year’s Paris Air Show. China’s latest L-15 jet trainer and air-to-air missiles are among the exhibits displayed by the Aviation Industry Corporation of China, the country’s major airline manufacturer.
Boeing Co. executives said the industry’s prospects were robust, yet the Chicago-based aviation giant has reported no new orders so far.
Turkish Airlines, one of Europe’s fastest growing carriers, bought five Boeing 777 wide-body planes last month could be in the market for aircraft.
L-3 Communications Holdings Inc. and Alliant Techsystems Inc. are among the major defense companies also showing off unarmed turboprop surveillance planes at the show.
Air Tractor Inc., of Olney, Texas, is displaying its prototype Air Truck AT-802U, which is essentially a two-seat combat-ready crop-duster with weapons and advanced electronics.
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