Airbus secures bumper 100 plane deal with General Electric's aircraft leasing arm at Paris Air Show

Rebecca Smith
Aircraft orders have taken off at the Paris Air Show
Aircraft orders have taken off at the Paris Air Show (Source: Getty)

While Boeing unveiled its highly anticipated 737 Max 10 this morning, European rival Airbus has announced its first big order of the Paris Air Show.

Airbus said it had secured a deal for 100 single-aisle A320neo planes with General Electric's aircraft leasing arm, GE Capital Aviation Services (GECAS). That takes the total number of Airbus planes ordered by GECAS to nearly 600 aircraft.

Read more: Boeing launches 737 Max 10 in bid to unseat Airbus' A321neo

The company's A320neo range have been popular; they are designed to use less fuel than the original and compete with Boeing's 737 Max series. Airbus' chief executive said the renewed order "underscores the continuing strong market demand" for the range.

The rivalry between the two firms is fierce, with rising competition from China on both of the aerospace giants' minds.

Airbus also announced plans for a more fuel-efficient model of its superjumbo A380, which hasn't had quite the pick up the firm had hoped for.

Airbus boss Fabrice Bregier said the firm was in talks with several potential customers over the A380plus.

Read more: The world's biggest passenger jet is getting a revamp

John Leahy, the company's chief operating officer for customers, also shrugged off Boeing's new 737 Max 10 as a threat, saying it wasn't a direct rival to the A320 but a competitor to the 737-9.

Airbus shares rose off the back of the news and at the time of writing were up 2.27 per cent at €76.63.

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