Big planes, big show, big deal

Stephen Beard Nov 9, 2007


Scott Jagow: One of the world’s biggest air shows takes place this weekend. It’s in Dubai. The main attraction might be a showdown between Airbus and Boeing over an airplane order. Stephen Beard reports.

Stephen Beard: Dubai’s national carrier, Emirates, is expected to place a crucial order: a hundred mid-sized planes worth up to $20 billion.

Boeing is favorite to win the deal with its new 787 Dreamliner, but a six-month delay in the Dreamliner’s launch has boosted Airbus’s chances.

Howard Wheeldon is aviation analyst with brokers BGC:

Howard Wheeldon: I think what we might see is a lot of pressure on Boeing that if there is going to be a further delay in the 787, then this order may well go to Airbus.

Airbus’s new mid-sized plane has also suffered setbacks and delays. But, says Wheeldon, the Emirates airline is extremely adept at playing one company off against the other to get the best possible deal.

In London, this is Stephen Beard for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.