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09-Mar-2011 3:36 PM

Hong Kong airshow brings strong orders for Airbus and Boeing

Analysis

The Hong Kong Asian Aerospace airshow has proved a happy hunting ground for Airbus and Boeing, with both manufacturers announcing big orders. HNA Group member Hong Kong Airlines has signed orders for 32 B787s and six B777Fs while Boeing's new B747-8I has got a boost with five orders from Air China.

ILFC announced an order for 100 A320neo - but cancelled an order for 10 A380s - and also added an order for 33 B737-800s. Airbus has also announced an order for 16 A330s from Turkish Airlines and eight A330-300s and eight options from IAG, to reinforce Iberia Airlines' long-haul fleet.

Meanwhile, Commercial Aircraft Corp China (COMAC) has announced it expects 50 to 100 orders in 2011 for the C919. COMAC signed orders for 55 C919s in 2010, as well as 45 options.

EADS shares gained yesterday, while Boeing shares were up 1.6%.

Selected Aerospace daily share price movements (% change): 08-Mar-2011

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