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Boeing receives yet another big plane order

Late Tuesday, aerospace firm Boeing (BA) announced its first major deal at the Dubai Airshow. While this is good news for BA, the bad news is that the majority of the $2 billion of deals available at the show went to rival Airbus. BA revealed nearly $900 million of deals with Algerian airlines, while Airbus announced $1.25 billion of confirmed orders.

These orders bring the total dollar amount of orders at the Airshow to $5.67 billion for 42 aircraft. This total is a mere pittance compared to the $155.5 billion worth of deals scored in 2007. BA's Randy Tinseth noted, "it's a completely different market from two years ago," sentiment agreed upon by Airbus's CEO Tom Enders.

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Last updated: May 26, 2012: 05:46 AM

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