Boeing gets official orders for jetliners 737, 777X ahead of FIA 2022

American airplane manufacturer, The Boeing Company, has reportedly received orders worth more than $15 billion for its 737 MAX 10 and 777X jetliners from American airline, Delta Air Lines Inc., and German airline, Deutsche Lufthansa AG, ahead of the Farnborough Airshow.

Sources claim, that Boeing, which has been struggling to retain its position in the duopoly with the European competitor Airbus SE, will be striking early at the aerospace event, following months of talks with Delta regarding its largest aircraft 737.

In March, it was reported that Delta is in talks to buy more than 100 737 aircraft. Meanwhile, last week news came out that that it was looking to buy around 12 additional Airbus A220s for its fleet, with the deal expected to be announced on Tuesday, 19th July.

On the other side of the pond, German flag-carrier, Lufthansa is also expected to confirm a deal for around 10 large freighters from the American aircraft manufacturer, which include seven of the recently unveiled freighter version of 777X.

The aerospace industry, which has suffered a major setback due to the pandemic, is hoping to showcase that the civil demand is still intact at the event, and will also focus on the rising expenditure in defense, in the backdrop of the Russia-Ukraine war.

However, delegates stated that much of the deals at the event will be either provisional or formal signings of those already underway, with a majority of them focusing on contributions to reduce emissions towards achieving the common goal of net zero by 2050.

The deals will be a major relief to Boeing, which has been dabbling in regulatory problems following crashes and manufacturing defects in its smaller aircraft models, 737 MAX and 787 Dreamliner.

The firm is also yet to gain approval from US regulators for the bigger 737 MAX 10 with December being the deadline, after which it will be subject to meeting the new cockpit alerting requirements. If it misses the deadline, it will have to win an exemption over the requirements from Congress.

Dave Calhoun, CEO of Boeing, stated that if not exempted, the company will be forced to cancel the 737 MAX 10, affecting the entire industry as Boeing and Airbus, as both would have to reluctantly enter a race to develop new aircrafts too soon.

Source credit: https://www.reuters.com/business/aerospace-defense/delta-announce-deal-100-boeing-max-10-planes-sources-2022-07-17/

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