- Oct 21, 2009
- Reaction score
- Political Leaning
The decision was made in the midst of a government shutdown. I would be dead worried to invest billions in a company whose government shuts down and knocks off global stock markets let alone the mechanically troubled 787 Dreamliner.
Airbus clinches landmark jet order with Japan Airlines | Reuters(Reuters) - Airbus (EAD.PA) clinched its first jet order from Japan Airlines (9201.T) on Monday, cracking a big national market long dominated by the European firm's main rival, Boeing (BA.N).The U.S. planemaker acknowledged it had paid a penalty for the mechanically troubled debut of its 787 Dreamliner.
The landmark deal for 31 wide-body A350 jets with a combined $9.5 billion list price follows an intense battle between the two manufacturers as JAL and domestic rival ANA Holdings Inc (9202.T) seek dozens of new long-haul jets over the next decade.
The agreement, which is also likely to unsettle a Japanese aerospace industry that builds large portions of Boeing's jets, includes options for another 25 of the A350s.
"This is a huge win for Airbus and a big loss for Boeing," said aerospace analyst Scott Hamilton, managing director of Seattle-based Leeham Co.