Paris Air Show

Airbus EADSF 131.80 +0.75 +0.57% kicked off the 2019 International Paris Air show with the launch of a long-range, single-aisle airliner. They also announced an agreement to sell 100 planes to Air Lease Corporation, a U.S. plane lessor. Virgin Atlantic was also said to order 14 wide-body A330-900s.

Airbus also unveiled details of its A321XLR, the next in the line of the A320 series.

Boeing BA 331.06 -12.94 -3.76% is looking pretty dismal. It DID announce an order from GE Capital Aviation Services for 10 freighters, with the option to acquire 15 additional planes. This brings to a close two months of no orders and a ton of money payed out due to the 737 Max fiasco. I think they might have to rename 737 Max and maybe give it a new paint job before anyone is going to start ordering them again. We’ll see if anyone has the courage to step up to the plate, and then if customers are willing to get on the planes.

Chief financial officer Greg Smith to reporters in Paris:

“Words simply cannot express the sorrow and the sympathy that we feel for the families and the loved ones of those that were lost in these tragic accidents.”

“We’ve been working with the FAA and regulators around the globe to ensure that we’re answering all of their questions and addressing any concerns that they may have,” he added.