Estimated reading time 1 minute, 25 seconds.
Moody’s says in a new report that after strong orders and commitments for passenger and freighter jets at July’s Farnborough International Airshow, order volume has slowed sharply, indicating that near-term demand has been mostly satisfied.
Orders announced since Farnborough have been sparse. They include:
- Boeing–Nigerian airline Air Peace’s order for 10 MAX 8s; United Airlines order for nine more 787-9s; Virgin Australia’s conversion of orders for 10 MAX 8s to the larger MAX 10.
- Airbus–Deutsche Lufthansa exercise of options for 24 A320neos and three A321neos; Qatar Airways’s conversion of five A350-900s on order to the larger A350-1000.
- Embraer–Helvetic Airways firming up 12 of the 24 commitments for the E190-E2 jet that were announced during the airshow.
- Brisk orders from airlines and aircraft lessors during Farnborough will likely push the aggregate value of Boeing and Airbus’ backlogs above $900 billion;
- Commitments to firm up orders breathed life into the under-150-seat segment, including Embraer’s two large orders for its E175-E1 jet;
- Contract prices aren’t disclosed publicly but are likely lower than announced values;
- The next bunching of orders will likely come around the biennial Paris Air Show in June 2019.
