Airbus Breaks Boeing’s Lock on Japanese Airline Sales
Airbus Breaks Boeing’s Lock on Japanese Airline Sales (Bloomberg)
Airbus SAS beat out rival Boeing for its first order from Japan Airlines Co. The deal is expected to top out at $9.5 billion and calls for Airbus to deliver 31 wide-body planes to a market that has been in Boeing’s hip pocket for decades. Japan’s selection of Airbus is seen as a reaction to all of the problems that Boeing’s experienced trying to bring its 787 Dreamliners online. And it could be the start of something much bigger for the European jet maker, at least according to Will Horton, an analyst at CAPA Centre for Aviation in Hong Kong, “The order certainly opens the door for follow-up orders at Japan Airlines…” Airbus investors hope that door’s wide open, for quite some time.