Airbus and Boeing bag deals worth $17 bn in Paris Airshow battle

Airbus and Boeing bagged more than $17 billion in plane deals on day two of the Paris Airshow as their sales teams scrapped for orders after a downturn in business at many airlines and the grounding of Boeing's top-selling jet.

Airbus extended its early lead in orders at the event with a $6 billion deal on Tuesday to sell 36 planes to Philippines airline Cebu Air, including 10 of the new long-range A321XLR model launched on Monday. The European firm also struck a deal to sell a further 30 A320neo aircraft to Saudi Arabian Airlines,.....

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