18:51:05 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 150,000
Close 2023-06-19 C$ 39.40
Market Cap C$ 5,910,000
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Globe/wire say Boeing sees Airbus land 500-plane sale

2023-06-20 07:58 ET - In the News

The Globe and Mail reports in its Tuesday edition that Airbus landed a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and missiles vied for attention with the industry's supply chain problems. A Reuters dispatch to The Globe says that the multibillion-dollar deal for single-aisle planes -- the largest ever by number of aircraft -- eclipsed Air India's provisional purchase of 470 Airbus and Boeing jets earlier this year. The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. French President Emmanuel Macron flew in to the packed aerospace bazaar by helicopter and watched a flying demonstration including Airbus's latest jet development, the A321XLR, and air power including the French Rafale fighter. On the civilian side, plane makers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net-zero emissions by 2050. IndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to plane makers.

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