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Airline rewards, more plane orders to come

ByKimberly A. Brochu

Jun 16, 2015

Last updated: 2:40 p.m. ET on Tuesday, June 16.

LE BOURGET, France — Boeing on Tuesday won an order that remains the largest of this year’s Paris Air Show to date.

The deal for 100 Boeing 737s from Dutch aircraft leasing company AerCap came on Tuesday amid a new round of plane orders. Also on Tuesday, SkyTrax’s 2015 World Airline Awards were handed out on the second day of the Paris Air Show, with Qatar Airways winning the award for the world’s best airline.

Tuesday also saw aerial displays of some of the world’s most modern jetliners, including Boeing’s Dreamliner, Airbus’ A350 and Bombardier’s CS 300 (pictured above).

Some of the show’s morning events were disrupted by a Paris taxi strike which delayed the arrival of many visitors, including some senior aviation officials. Travel times of up to two hours have been reported for the show from central Paris and from Charles de Gaulle airport, each approximately 24 km from Le Bourget airfield which hosts the show.

Among Tuesday’s highlights:

– Leasing company AerCap’s order of 100 737MAX-8s would be worth around $10.7 billion at list prices, although steep discounts are common on such orders.

– Boeing also took 737 orders from several little-known carriers in North America. Among them: Indonesia’s Sriwijaya Air has ordered two 737-900s while Chinese low-cost carrier Rulli Airlines has announced plans for 30 737 MAXs. Irish aircraft leasing company SMBC Aviation Capital has also ordered 10,737 MAX-8s.

– Irish leasing company SMBC Aviation Capital has ordered 10,737 MAX-8 jets.

– In news beyond the airshow, Russian carrier Aeroflot said it would cancel its Boeing 787 order as economic problems persist in Russia, the Associated Press reported.

– Airbus has won an order for three A320 aircraft from Peach Aviation.

– Korean Air shared an order for narrow-body aircraft between Boeing and Airbus. The carrier has placed a firm order for 30 Airbus A321neo aircraft, marking the first time Korean Air has purchased a single-aisle aircraft from Airbus. But Korean Air has also announced plans to buy 30 737 MAX-8 jets and two 777-300ER widebodies.

On Monday, the show’s opening day, the Boeing-Airbus rivalry and a performance demonstration of Bombardier’s CS 300 were front and center.

Successful orders for new aircraft have highlighted past air shows, although 2015 was expected to be a slow year. However, several important orders punctuated the first day of the show.

Among the highlights:

– Airbus has received a firm order for 60 single-aisle aircraft from aircraft leasing company GE Capital Aviation Services (GECAS). The deal is reportedly worth $6.6 billion at list prices, though discounts are typical on such orders.

– Indonesian carrier Garuda has signed letters of intent with Boeing and Airbus for a total of 90 jets, although some observers have expressed skepticism that the carrier will convert all of those into firm orders. Either way, Garuda told Boeing he intended to buy 30 737 MAX jets and 30 787-9 Dreamliners. Garuda did the same with Airbus for 30 A350 wide-body aircraft.

– Boeing also landed an order for 14 planes from Qatar Airways, which announced a firm order for 10 passenger Boeing 777s and four freighter versions of the 777.

– Bombardier’s new CS series aircraft made their debut at the Paris Air Show, with the CS 300 flying in the show’s signature aerial displays. Bombardier had yet to win new orders for its CS 100 or 300 at the Paris Air Show, but analysts say the appearance of the C-series at the show is a major step in the right direction for Bombardier’s long-delayed model. .

While more orders will arrive on Tuesday, few expect the blockbuster orders that had become a hallmark of the Paris and Farnborough airshows in recent years. The Paris and Farnborough show alternate hosting functions each year.

In 2014, Airbus won orders or commitments for 486 planes that would be valued at $75 billion at list prices, according to an Associated Press tally. At the same show, Boeing received commitments for 201 aircraft worth $40.2 billion at list prices.