Airbus Soars Past Boeing at the Paris Air Show
Last week's Paris Air Show highlighted how boom times have returned in the global aerospace industry. (NYSE: BA) and Airbus (OTC: EADSY) each finalized hundreds of orders for new jets at the industry's marquee event of 2023. This marked a sharp shift in the environment compared to just a year or two ago.
However, one thing hasn't changed. Airbus continues to fly circles around Boeing, capitalizing on the popularity of its A320neo-family jets to capture far more orders than its American rival.
As expected, Air India firmed up a massive aircraft order (first announced back in February) during the Paris Air Show as it tries to regain relevance after being privatized last year. Boeing booked 220 firm orders: 190 for the 737 MAX, along with 20 for the 787 Dreamliner and 10 for the 777X. Air India also received options for an additional 50 737 MAX jets and 20 787s.
Source Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 40 Buy predictions and 4 Sell predictions.
As a result the target price of 221 € shows a positive potential of 34.54% compared to the current price of 164.26 € for Boeing Co..
