Despite years of bad headlines over new models for the planemakers, the Paris Air Show has seen Boeing and Airbus land lucrative deals for their new jets. Boeing announced a $15.6 billion deal with Ryanair, the European budget airline, as well as the potential for more orders worth $20 billion. Airbus also landed a deal with Air France-KLM worth $7.2 billion for 25 of its A350 planes, as well as a $2.6 billion deal with SriLankan Airlines. Both Boeing and Airbus are benefiting from red-hot demand for fuel efficiency as well as growth in budget travel and emerging markets.
WHEEL AND DEAL