Airbus Deals Blow To Boeing With $9.5 Billion Japan Airlines Contract

Airbus' deal with Japan Airlines follows a series of problems for Boeing's 787. | Photo courtesy of Creative Commons
Airbus' deal with Japan Airlines follows a series of problems for Boeing's 787. | Photo courtesy of Creative Commons

Airbus won an order from Japan Airlines for up to 56 planes, marking the French aircraft manufacturer’s first deal with the Japanese airline and representing a significant hit to Boeing, which has long dominated the Japanese market.

Airbus will produce a total of 31 wide-body planes listed at a combined $9.5 billion, and the deal includes options for 25 additional planes. The order bumps Airbus’ share of the Japanese market to 20 percent from 13 percent.

The deal comes after Boeing’s newest wide-body aircraft, the 787 Dreamliner, was delayed during development and then grounded by battery issues. Chicago-based Boeing employs almost 15,000 people in St. Louis, where the headquarters for its Defense, Space & Security division is located.

Read more from Bloomberg


Tags:, , ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more