Boeing is not waiting for July’s Farnborough International Airshow to unveil blockbuster aircraft deals — or start booking cash. The Chicago-based aircraft maker is poised to bolster its backlog with orders valued at $14.4bn thanks to two transactions announced on Monday. That’s a break from an industry practice of stockpiling sales for the biggest annual trade expo, which alternates between Paris and Farnborough, outside London. Bamboo Airways, a Vietnamese startup, signed a commitment for 20 of Boeing’s twin-aisle 787-9 Dreamliners, the companies said in a statement. That’s a deal of about $5.6bn before customary discounts. Earlier in the day, Jet Airways India announced it was purchasing 75 of Boeing’s 737 Max single-aisle planes, a transaction valued at $8.8bn based on list prices. The two deals underscore the tilt of the aerospace market to Asia, where airlines are stocking up on aircraft to serve a rapidly expanding middle class. The orders also show that Boeing has access to ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.