Airbus Secures Ethiopian Airlines Deal For 11 A350-900s, Countering Limited Wins At Dubai Airshow
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE (EADSY) has signed a deal with Ethiopian Airlines for 11 additional A350-900 aircraft, increasing their total A350 order to 33. This deal comes after Airbus faced limited success at the Dubai Airshow, where Boeing (BA) secured significant orders. Ethiopian Airlines also has an existing order with Boeing for 20 737-8 and 11 787-9 Dreamliners. Airbus shares dropped by 0.88% to $35.53.
November 15, 2023 | 6:27 pm
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Airbus SE secured a deal with Ethiopian Airlines for 11 A350-900s, taking their total A350 orders to 33. Despite this, Airbus shares fell by 0.88%.
The deal with Ethiopian Airlines is positive news for Airbus, indicating continued demand for its A350 aircraft. However, the share price drop suggests that the market may have anticipated more from the Dubai Airshow, where Airbus faced stiff competition from Boeing.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Boeing Company attracted substantial orders at the Dubai Airshow, overshadowing Airbus's limited wins. Ethiopian Airlines has an order for Boeing's 737-8 and 787-9 Dreamliners.
Boeing's success at the Dubai Airshow, particularly in comparison to Airbus's limited gains, could be seen as a positive indicator for Boeing's short-term stock performance. The existing orders from Ethiopian Airlines for Boeing's aircraft further support the company's strong position in the market.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70