Boeing beats Airbus in order race at Paris show

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"The 737 Max 10 will enable us to continue using larger and more efficient aircraft within our domestic network and better meet the needs of our customers", United Chief Financial Officer Andrew Levy said in a statement Tuesday during the Paris Air Show. He also questioned whether the introduction of a fifth member of the MAX family would allow airlines to preserve the value of their assets for possible resale - a key barometer of aviation finance that influences both old and new prices.

Sales chief Ihssane Mounir said the US planemaker had netted 147 new orders or commitments for the newly launched Boeing 737 MAX 10, created to add more capacity to the medium-haul series to catch up with strong sales of the Airbus A321neo.

Airbus reported commitments for a total of 326 aircraft, including firm orders for 144 aircraft worth $18.5bn and MoUs for 182 aircraft worth $21.2bn.

Airbus agreed a provisional $5 billion deal with low-priced carrier Viva Air, confirming a Reuters report.

A day after the launch of the 737 MAX 10 at the world's biggest air show in Paris, United said it would convert an order for 100 other 737 MAX planes to the new model.

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The order, valued at $112.4 million at list prices, was previously attributed to an unidentified customer on the Boeing Orders & Deliveries website. Earlier this week, the leasing company announced an order for an additional 30 787-9 Dreamliners. Copa Airlines will be the first airline in the region to operate the 737 MAX on deep-South American and North American routes.

Today's order is a conversion from a previous order of 737 MAX 8 aircraft.

The world's third-largest lessor Avolon ordered $8.4 billion worth of Boeing models.

The breakdown of MAX variants was not released.

The contract includes global purchase coordination, deadline monitoring, plant material flow optimisation, warehousing, processing of aluminium and titanium products, as well as coordination of more than 550 Boeing and subcontractor production locations. The MAX 10 accounted for more than half of Boeing's total order book for the show, as the company sold 571 jets worth $74.8 billion. The 737 MAX 10 attracted 147 new orders and commitments.

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