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Me Paris air show wrapping up across the pond -- a lot of news breaking this week out of their Airbus announcing it racked up over 68 billion dollars in new business of the air show.
Edging out -- 66 billion we just got those headlines out of bubbling action in the last hour.
My next guest says of the main take away from this year's show is the a president demand for commercial aircraft during -- up from Washington it means.
-- group senior vice president -- -- Carter deal what are the big questions going into the air show was who was gonna come -- the winner Airbus or -- it seems like it was Airbus.
A -- by a bit but but did that these orders we'll go back and forth and so perhaps Airbus got an edge in this show.
But -- the real take away was that we had massive -- going into the show this show is actually a little better than we expected.
And it just sort of speaks to what we believe it's happening which is that the early part of a very large rampant commercial airspace.
-- in addition.
Oh I'm so I was -- that we're showing pictures are here is that -- had to add the 8350 which launched earlier this week in the -- rent that was just curious if you think about was appease.
A -- of the puzzle here that -- kind of tilted and -- favor was that aircraft.
Yeah I think so so Airbus launched -- a 350 Boeing responded.
With it's 78710.
Which is of the largest derivative of -- 787 so.
You know -- body wars -- have kicked off Airbus now has has a real airplane -- -- come within and I expect over the you know the coming decade that.
That these two will battle it out I actually think marketshare will probably be split you know as it is now around 5050.
All right now let's talk about the backlog because what you're finding is that the backlog for these companies most of them six is seven -- backlog for order so I'm.
United Airlines I wanna brand is 737 how long -- it did take me to get my plane.
-- and say that you know Boeing also talked about.
You know increasing aircraft production you know we're already heading to historical highs they they they spoke about near the end of the decade even going to.
Another 25% increase so.
You know the it's a good problem to have if you're an aircraft manufacturer that you've got too much demand and and we think that production rates probably will start to -- -- -- UST about the smaller crop producing companies especially Bob -- DA Embraer.
Now these are the smaller aircraft but -- seems to be more of a demand for these smaller planes as companies especially begin to ramp up.
A orders for private jets what do you think it's gonna happen with those two companies.
I think have certainly for every area it was their show it it it's rare that they they they actually took the number two spot with regards to orders.
On the day launched what they're calling their.
125 seed and below.
The market now -- -- which has you know what they would argue to be a more of you know cutting edge airplane which we believe.
But they they.
Fell short at the at this air shows so Emory air certainly looked good at the show the -- needs to to get some waters and for their C series aircraft.
Now I'm looking at Boeing's stock it's down about one and a half percent on a day -- I mean you've got a broad market sell off but -- it's -- with all the 787 issues it's been kind of stuck to watch three's I.
And I think that people have become immune to -- -- -- this backlog -- it they're just so large now that the trick.
Is to convert those orders in the -- so you'll you'll you'll hear Boeing and Airbus talking about profitability.
And more importantly whether it's supply chain can can keep up that's amazing Carly what have you back Carter thank you very much.
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