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.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: