Latest Business News: Orders Top $100 Billion as Ryanair Gives Boeing a Boost

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Latest Business News: Orders Top $100 Billion as Ryanair Gives Boeing a Boost

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Latest Business News: Orders Top $100 Billion as Ryanair Gives Boeing a Boost

by Wochit 1:23 mins

Latest Business News: Orders Top $100 Billion as Ryanair Gives Boeing a Boost

by Wochit 1:23 mins

Orders at the Paris Airshow surpassed $100 billion, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices on day three of the aerospace industry's showcase event, the largest single order ever placed by a European airline with the U.S. group. Global investors are on hold, waiting for comments from the Federal Reserve's policy-making committee on when the central bank will wind down its monthly $85 billion purchases of mortgage-backed securities and Treasury securities. FedEx said on it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world's biggest air-freight company posted the stronger-than-expected profit. Excluding costs of a business realignment program and aircraft impairment charges, the company earned $2.13 a share. Analysts on average were expecting $1.96, according to Thomson Reuters I/B/E/S.

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