Boeing receives thrice as many orders as Airbus at 2023 Dubai Airshow

November 17, 2023 04:17 AM AEDT | By Invezz

Boeing receives thrice as many orders as Airbus at 2023 Dubai Airshow — Image source: Invezz

Boeing receives 295 new orders

The aerospace behemoth has so far received 295 orders for its planes at the 2023 Dubai Airshow that kicked off on November 13^th.

Peer Airbus SE (EPA: AIR), in comparison, is still at 86 orders only over the past four days due to concerns related to the cost and performance of the Rolls-Royce branded engines it uses in its aircrafts.

It all leads up to this: our much-anticipated 777-9 flying demonstration at the #DubaiAirshow. pic.twitter.com/xJokJHioDf
— Boeing Airplanes (@BoeingAirplanes) November 13, 2023

The news arrives less than a month after Boeing reported a wider-than-expected loss for its fiscal third quarter on continued weakness in its defence segment.

Boeing stock is currently down 13% versus its year-to-date high.

TD Cowen analysts react to the news

How well is Boeing Co being treated at the 2023 Dubai Airshow speaks volumes to the solid demand for wide-body airliners at large.

Watch here: https://www.youtube.com/embed/Y9XzzJSKwAc?feature=oembed

Blowing past Airbus at that aviation event marks an exciting comeback for the multinational that has underperformed in recent years due to significant manufacturing defects and associated safety concerns. According to TD Cowen analysts:

It (wide-body jets) reflects the surge in international travel in 2023; and it favours Boeing which is stronger than Airbus in widebodies and has snared ~50% of the Dubai dollar order value.

Boeing received the most orders from Emirates Airlines at the air show followed by SunExpress – a Turkish-German carrier. Wall Street currently has a consensus “overweight” rating on the aerospace stock.

The post Boeing receives thrice as many orders as Airbus at 2023 Dubai Airshow appeared first on Invezz

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