Widebody orders were strong in 2023. Surprisingly, they could be even better this year.
The International Air Transport Association Annual General Meeting serves two main purposes. It is the forum where the industry group can drive its own agenda, be it internal or vis-a-vis other stakeholders. And it is the sector’s best venue for deal-making. After all, almost everyone is there to discuss whatever agreements need to be sealed.
At the top of this year’s agenda for business meetings: widebody orders. Multiple airlines are in negotiations with the two aircraft manufacturers about commitments for additional long-haul aircraft. In several cases, the sizes of the potential orders exceed 100 aircraft. Many of the deals could be announced at the upcoming Farnborough International Airshow in July, as usual; some substantial transactions could also slip into the fall. But many airlines are in a rush to lock in delivery slots.
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