According to Reuters, Airbus is expecting to receive significant orders for its newly revamped A320, the A320 neo, by the time the Paris Air show concludes.
Airbus hinted at hundreds of plane orders in coming weeks as it gave an upbeat forecast for the Paris Air Show being held next month.
Chief Executive Tom Enders said the European planemaker expected to increase its haul of orders compared to last year’s comparable event, the Farnborough air show, at which leasing companies led the charge as demand picked up from the recession.
“Well I would say we could expect a few more orders,” Enders told reporters. “The market is active.”
With 332 commitments so far for the A320 neo, Airbus would have to pull in nearly 170 orders between now and June 26, the last day of the Paris Air Show.
Airbus sales chief John Leahy is sticking to his earlier prediction that the world;s largest planemaker would pull in at least 500 orders by the time the Paris Air Show had concluded.
“We have said publicly that my target is to have over 500 neos committed by Le Bourget,” he said. “I think we are on track to do this.’
All eyes will be on both Airbus and Boeing at the air show as Boeing is expected to offer an alternative to the A320 neo, presumably an upgraded version of its current 737 or a new plane altogether. Should Boeing elect to re-engine its current 737, many analysts will be left wondering why the company didn’t announce its plans sooner as it seems that with each passing day, Airbus is picking up more and more orders in the highly sought-after narrowbody market. Boeing has hinted that it will build a new plane from scratch but has yet to offer any more details leading some to wonder if current technology is preventing Boeing from pursuing something more ambitious.