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State-owned Vietnam Airlines has split its latest order for new planes between rivals Airbus and Boeing. Vietnam will buy 12 Boeing Dreamliners, worth $1.9bn based on catalogue prices, with deliveries set to start in 2015.
It has also signed up for 10 Airbus A350-900XWB passenger jets, the plane which is meant to rival the Dreamliner.
The orders - worth up to $5.7bn (£2.8bn) - represent the latest round in the battle between the two rival aerospace firms.
The Airbus deal also included 20 single-aisle A321 planes, and is worth $3.8bn at list prices.
Boeing's lightweight, fuel efficient 787 is due to enter service next year and is virtually sold out until 2013. However, the Airbus A350 - seen as its direct rival - is not due to enter service until 2013.
Rivalry between European group Airbus and US firm Boeing has been heating up - particularly after UK flag carrier British Airways (BA) recently split its latest plane order between the pair.
Last week BA placed an order for 36 new aircraft - the largest the airline has made since 1998 - made up of 12 Airbus A380 superjumbos and 24 Boeing 787 Dreamliners.
Meanwhile, the two firms have lodged parallel complaints against each other at the World Trade Organisation as part of their ongoing battle.
The EU claims US subsidies for Boeing have cost Airbus $27bn in losses, while the US argues that Airbus has used billions of euros of European subsidies to boost its market share.
The WTO is due to rule on the US complaint in December of this year, with a decision on the application from the EU in June 2008.
Boeing and Airbus dominate the market for medium to large-sized commercial passenger aircraft, which is worth an estimated $80bn a year.
http://news.bbc.co.uk/2/hi/business/7025181.stm
State-owned Vietnam Airlines has split its latest order for new planes between rivals Airbus and Boeing. Vietnam will buy 12 Boeing Dreamliners, worth $1.9bn based on catalogue prices, with deliveries set to start in 2015.
It has also signed up for 10 Airbus A350-900XWB passenger jets, the plane which is meant to rival the Dreamliner.
The orders - worth up to $5.7bn (£2.8bn) - represent the latest round in the battle between the two rival aerospace firms.
The Airbus deal also included 20 single-aisle A321 planes, and is worth $3.8bn at list prices.
Boeing's lightweight, fuel efficient 787 is due to enter service next year and is virtually sold out until 2013. However, the Airbus A350 - seen as its direct rival - is not due to enter service until 2013.
Rivalry between European group Airbus and US firm Boeing has been heating up - particularly after UK flag carrier British Airways (BA) recently split its latest plane order between the pair.
Last week BA placed an order for 36 new aircraft - the largest the airline has made since 1998 - made up of 12 Airbus A380 superjumbos and 24 Boeing 787 Dreamliners.
Meanwhile, the two firms have lodged parallel complaints against each other at the World Trade Organisation as part of their ongoing battle.
The EU claims US subsidies for Boeing have cost Airbus $27bn in losses, while the US argues that Airbus has used billions of euros of European subsidies to boost its market share.
The WTO is due to rule on the US complaint in December of this year, with a decision on the application from the EU in June 2008.
Boeing and Airbus dominate the market for medium to large-sized commercial passenger aircraft, which is worth an estimated $80bn a year.
http://news.bbc.co.uk/2/hi/business/7025181.stm
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