Boeing receives thrice as many orders as Airbus at 2023 Dubai Airshow

Boeing Co (NYSE: BA) is leaving Airbus – its French rival in the dust at one of the world’s largest aviation events. Its shares are still down over 1.0% at writing.

Boeing receives 295 new orders

The aerospace behemoth has so far received 295 orders for its planes at the 2023 Dubai Airshow that kicked off on November 13^th.

Peer Airbus SE (EPA: AIR), in comparison, is still at 86 orders only over the past four days due to concerns related to the cost and performance of the Rolls-Royce branded engines it uses in its aircrafts.

The news arrives less than a month after Boeing reported a wider-than-expected loss for its fiscal third quarter on continued weakness in its defence segment.

Boeing stock is currently down 13% versus its year-to-date high.

TD Cowen analysts react to the news

How well is Boeing Co being treated at the 2023 Dubai Airshow speaks volumes to the solid demand for wide-body airliners at large.

Blowing past Airbus at that aviation event marks an exciting comeback for the multinational that has underperformed in recent years due to significant manufacturing defects and associated safety concerns. According to TD Cowen analysts:

Boeing received the most orders from Emirates Airlines at the air show followed by SunExpress – a Turkish-German carrier. Wall Street currently has a consensus “overweight” rating on the aerospace stock.