A significant blow to Boeing in the battle for aircraft orders
- Cathay Pacific chooses Airbus over Boeing for freighter aircraft order
- Cathay Pacific to buy six Airbus A350F jets for $2.7 billion
- Airbus gains an advantage in the rivalry with Boeing
Hong Kong’s flagship carrier, Cathay Pacific, has dealt a blow to Boeing by choosing Airbus for its freighter aircraft order. The airline has ordered six Airbus A350F jets for approximately $2.7 billion, with the option to purchase an additional 20 Airbus freighter aircraft. This decision is significant in the long-running rivalry between the world’s two largest aircraft manufacturers. Airbus stock rose 1.5% following the announcement, while Boeing shares were 0.5% lower.
Factuality Level: 7
Factuality Justification: The article provides factual information about Cathay Pacific ordering six freighter aircraft from Airbus and the impact on Boeing. However, it lacks in-depth analysis and context about the rivalry between the two aircraft manufacturers.
Noise Level: 3
Noise Justification: The article provides some relevant information about Cathay Pacific’s decision to order freighter aircraft from Airbus instead of Boeing. However, it lacks in-depth analysis, evidence, and actionable insights. The article also does not explore the consequences of this decision on Boeing or the potential long-term trends in the aircraft manufacturing industry.
Financial Relevance: Yes
Financial Markets Impacted: Boeing
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses the impact of Cathay Pacific’s decision to order freighter aircraft from Airbus instead of Boeing. This decision has financial implications for Boeing as they have missed out on a potential order. However, there is no mention of an extreme event in the article.
Public Companies: Boeing (BA), Airbus (AIR)
Private Companies: Cathay Pacific
Key People:
Reported publicly:
www.marketwatch.com 
