Airbus Lands Big Wins: Asian Airlines Pick European Giant Over Boeing
On March 21, Airbus secured orders for 65 jets from two major Asian customers of Boeing, marking a significant win for the European aircraft manufacturer. The orders came amidst safety concerns surrounding Boeing after a mid-flight panel blowout incident involving a 737 MAX 9 jet.
Japan Airlines (JAL) announced its decision to purchase 21 widebody A350-900 and 11 A321neo narrowbody jets from Airbus, marking its first acquisition of smaller single-aisle jets from the European company. Additionally, JAL confirmed an order for 10 Boeing 787 Dreamliner jets.
Meanwhile, Korean Air, South Korea’s largest carrier, revealed plans to order 33 A350s in a deal valued at $13.7 billion. This marks Korean Air’s first purchase of the A350 aircraft family as it prepares for a merger with Asiana Airlines.
The orders signal Airbus’s growing presence in the single-aisle market, particularly with its A321neo, amid ongoing challenges faced by Boeing, including issues with the 737 MAX series. Airbus’s success in securing these orders reflects a trend of increasing market share for its aircraft, especially in light of recent crises affecting Boeing.
While the limited Boeing orders were not directly linked to Boeing’s troubles, concerns about potential delays due to safety and quality issues prompted JAL to diversify its supplier base.
Analysts note that the demand for new widebody jets remains strong, particularly among Asian and Middle Eastern carriers, as international travel rebounds from the downturn caused by the COVID-19 pandemic.
JAL’s order is expected to be fulfilled between financial years 2025 and 2033, with a total catalogue price of approximately $12.4 billion. Additionally, JAL will replace a destroyed A350-900 as part of the order.
Korean Air’s decision to invest in new-generation aircraft aligns with its long-term fleet planning and sustainability goals, as the A350s are known for their fuel efficiency, consuming 25% less fuel compared to similar older generation planes.
The orders come at a time when the global aviation industry is experiencing a shortage of new aircraft, further driving demand for efficient, modern jets.
JAL also revised its group net profit forecast upward to 90 billion yen for the current financial year, citing strong demand and positive market conditions.
Comment Template