Airbus vows to challenge the secret Boeing 737 deal that stunned the Paris Air Show
Airbus SE vowed to put up a fight to undo a $24 billion deal landed by rival Boeing Co. for 737 Max planes that proved to be the sales coup of this year’s Paris Air Show, report Benjamin Katz and Christopher Jasper for Fortune.com.
The Intelligent Aerospace take:
June 21, 2019- Airbus sales chief Christian Scherer announced that the European rival to Boeing plans to bid on IAG's business. The parent company to British Airways among other carriers operates many Airbus aircraft, and as the 737 MAX deal is a letter of intent rather than a firm order, Airbus hopes to pull the rug out from under Boeing in their attempt to get momentum going on the beleaguered MAX line, which was grounded after a pair of deadly crashes in late 2018 and early 2019.
“We’d be very happy to compete when it comes to a tender for this large number of planes,” said Airbus CEO Guillaume Faury. “We are quite sure we will have an opportunity to apply. And make sure that in the end the best solution prevails for IAG, which is an important customer.”
Still, Airbus will likely have an uphill battle as speculators noted that IAG likely received steep discounts on the sticker price of the 737 MAX jets.
Jamie Whitney, Associate Editor