Airbus secures $75 billion in Farnborough deals

Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough Airshow, garnering nearly twice as many orders and commitments.

Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough Airshow, garnering nearly twice as many orders and commitments.

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Airbus says its orders and commitments for 496 aircraft were valued at $75 billion. Demand for its A320 neo, or "new engine option," was particularly strong.

Boeing, meanwhile, secured business worth $40.2 billion for 201 airplanes.

John Leahy, Airbus' chief operating officer, said on Thursday that the company's orders indicate long-term confidence in his company's capacity for growth in the years ahead.