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The industry portion of the 2019 Paris Air Show is winding down and after a slow start, Boeing (BA) and Airbus
(EADSY) raked in orders roughly in line with past show averages.XAirbus, Boeing
OrdersFrom Monday to Wednesday, the biggest selling days of the show, Canaccord Genuity analyst Ken Herbert wrote in a Thursday note that he estimated Airbus and Boeing scored 288 firm orders. Airbus had 237 orders and Boeing had 51.Boeing and Airbus typically average a combined 300 firm orders and over 400 memorandums of understanding during the Paris Air Show. Analysts were expecting lower numbers this year with the grounding of the Boeing 737 Max.Herbert said this year's commitments totaled 462, including 200 for the Boeing 737 Max from British Airways' parent IAG.Boeing shares climbed 0.7% to 371.23 on the stock market today. Boeing stock gapped above its 50-day and 200-day lines this week on that IAG commitment. Airbus stock rose 0.5% to 34.80, staying in range from a 34.57 buy point.Airbus Debuts A321XLR JetAs expected, Airbus launched its A321XLR extra-long-range narrow-body jet. The jet can fly 4,700 nautical miles, making it the longest-range passenger jet of its kind in the world, and can open up routes like Europe to India or China to Australia.The European aerospace giant said it received 226 total orders and commitments for the A321XLR. Of those, 127 are new orders and 99 are conversions.As expected Boeing didn't give any more details about its potential new plane, which industry watchers have dubbed the "797." The company just said it will "continue to work on the business case" of the jet.Vote Of Confidence On Boeing 737 MaxBoeing orders rebounded slightly after ending the first day of the Paris Air Show with no new orders.Boeing won a massive Boeing 737 Max commitment from IAG, the owner of British Airways and Aer Lingus. The 200-jet deal is worth $24 billion at list prices.The company said it was still in negotiations with several customers who are interested in the Boeing 737 Max jet.Ethiopian Airlines CEO Tewolde GebreMariam, whose carrier lost a 737 Max in a crash, told Bloomberg he has "more confidence" in Boeing.Boeing said it is open to removing the "Max" from its grounded 737 Max jet as it conducts a global study of consumers and airlines following two fatal crashes.Boeing 737 Max Timeline UnclearBut the timeline for the Boeing 737 Max returning to service remains in question. Boeing still has to conduct Federal Aviation Administration flight trials.Ali Bahrami, the Federal Aviation Administration's associate administrator for aviation, backed a Boeing timeline earlier this month for a return to service by December.But the European Union and China could insist on their own reviews before 737 max can enter service."Unfortunately, this has become a political question and less a technical question," Herbert wrote in a note. "There is a risk the Europeans could insist on additional sensors on the aircraft, but only if the U.S. gets more aggressive with the WTO escalation, and the threat of tariffs on Airbus aircraft appears real."Follow Gillian Rich on Twitter @IBD_GRich for aviation news and more. YOU MAY ALSO LIKE:Is Boeing Stock A Buy Right Now?Want To Get Quick Profits And Avoid Big Losses? Try SwingTraderDefense And Aerospace Stocks To WatchGet Free IBD Newsletters: Market Prep | Tech Report | How To InvestThe post Paris Air Show Round Up: Big Boeing 737 Max Win; Airbus Orders Solid appeared first on Investor's Business Daily. Weiter zum vollständigen Artikel bei "Investors Business Daily"
Quelle: Investors Business Daily