Airbus and Boeing are battling for wide-body aircraft orders worth well over $10...
- Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks towards next week’s Paris Airshow, industry sources said.
The contests include a fight for business at Philippines budget airline Cebu Air as Airbus seeks a new foothold for its slow-selling A330neo airliner in the face of competition from Boeing’s 787 Dreamliner. Asian carriers are looking to renew their long-haul fleets as passenger demand remains robust despite a decline in cargo traffic amid global trade tensions.
Airbus has meanwhile poached a senior air finance executive from a unit of General Electric to oversee the reorganisation of its sales financing operations in the latest evidence of a shake-up under new management, people familiar with the matter said.
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