Vietjet and Boeing sign US$12.7 billion deal


Of these aircraft, 80 are the recently launched 737 MAX 10 - the largest version of Boeing's best-selling 737 range - and 20 are the benchmark 737 MAX 8 model, Reuters reported.

With a deal worth $2 billion over the next few years Russian cargo outfit Volga Dnepr signed confirmation of an order for five Boeing 747-8 Freighters, whilst United Kingdom based CargoLogicHolding signed a deal which included a letter of intent to acquire 29 Boeing 777 Freighters and an agreement to work together on future freighter projects.

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The Farnborough Airshow is the biennial midsummer meet-up of aviation's who's who. Combined, the deals are worth $4.2 billion at list prices. The show which started on July 16 and extends till July 22 saw Airbus marginally outdoing Boeing, securing order commitments for 186 aircraft, as opposed to 175 for the Chicago-based aircraft manufacturer. "The order also emphasises Jet Airways' commitment to the growth and potential of the Indian aviation market".

But when opting to announce at an air show, buyers are usually keen to promote their plans and firms like Airbus and Boeing invest in lavish facilities with space for briefings.

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Thursday saw an unusually high level of activity for a fourth day of the air show, with Airbus and Boeing trading blows to rack up more than $32 billion of orders at list prices.

Boeing's fourth-day tally was swollen by a deal for 100 737 Max single-aisle jets from an unnamed buyer valued at $11.7 billion, and confirmation of a $2.8 billion contract for 10 787-9s from Hawaiian Airlines after the US carrier had dropped an earlier A330neo purchase. After considering not taking any A330s at all, the airline has committed to taking a total of 100 A330 aircraft. China's Sichuan Airlines confirmed its order for 10 A350-900s worth $3.2 billion.

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The deal with Boeing also includes training and technical assistance in Vietnam, a boost to aviation in the country. Stay tuned for more.