Airbus has said recently that it has not profited from the grounding of the Boeing 737 Max planes however this weekend there was the Dubai airshow and guess what Boeing didn't get as much orders as Airbus. Airbus actually got 30 billion dollars worth of orders.
Boeing management are speculating that they will get the 737 Max back in the air by December of 2019, that is still to be see. Right now the competition has pretty much been eliminated and Airbus is still reaping the benefits of of Boeing's mishaps in the commercial airspace sector.
About a week ago I did a review on Airbus on My YouTube channel, after they reported their third-quarter results in September 2019. One of the things that stood out in that report was that on the books Airbus has 7000 + orders for commercial aircrafts. Pretty much they have a backlog and they have sufficient orders to sustain business for a very long time. Receiving 30 billion dollars worth of orders this weekend from the Dubai Airshow only serves to cement their role as a key player in the commercial aircraft business and like or not it also helps that Boeing is having issues with their 737 Max.
This is not a simple issue for Boeing they didn't have a technical issue where a few people got hurt they had two plane crashes within a 5 month period. Were all the passengers died on both of their 737 Max planes that is going to create skepticism, that is going to create doubt but more than anything else that is going to create fear and fear sells and in this instance the benefactor is Airbus.
Over the last year Airbus (EADSY) stock is up 42%
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