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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Boeing, Airbus win orders worth over 23 billion dollars AFP - 1 hour 25 minutes ago Send IM Story Print FARNBOROUGH, United Kingdom (AFP) - – Rivals Boeing and Airbus scooped up orders for new planes worth 23 billion dollars on Monday from airlines and leasing firms seeking to meet soaring Asian demand for air travel. The Farnborough International Airshow took off with a rush of firm orders for 192 short and long-haul passenger jets worth a total of 23.3 billion dollars (18 billion euros). The biggest single order came from Dubai airline Emirates for 30 Boeing long-range 777 aircraft worth a combined 9.1 billion dollars. General Electric's aircraft leasing unit agreed to buy 40 single-aisle 737-800 planes worth 3.0 billion dollars from US aerospace giant Boeing. GE Capital Aviation Services also bought 60 A320 single-aisle planes with a catalogue price of 4.5 billion dollars from Boeing's fierce European rival, Airbus. Airbus won a 4.4-billion-dollar order from new US group Air Lease Corporation (ALC) for 51 A320 jets while Russian airline Aeroflot confirmed it was buying 11 long-haul Airbus A330-300 carriers worth 2.3 billion dollars. "The leasing companies are looking, to not only an upturn in Western European and US markets, but they are also seeing the opportunity in emerging markets," independent aviation analyst John Strickland told AFP. "There's strong demand for aircraft coming through from not only the Middle East but other parts of Asia and in particular China so getting those aircraft on the books now... really is placing them in a strong position to take advantage of that upturn and the growing economies in the years to come." Strickland added that leasing planes provides an airline with "a degree of flexibility. "On the one hand it doesn't necessarily need the same cash to acquire the aircraft and depending on how they agree the lease, it may give them more flexibility to get out of the commitment of those aircraft in their fleet more easily than if they owned them." Although the 192 planes ordered Monday are together worth more than 23 billion dollars, customers traditionally receive large discounts on the list price of each plane when the orders are of a certain size. Emirates chief executive Sheikh Ahmed bin Saeed Al Maktoum said his decision to expand the airline's 777 fleet reflected plans to grow its "expansive global network, which already spans six continents. Only a month ago, Emirates agreed to spend 11.5 billion dollars on 32 Airbus A380 superjumbos -- the biggest single contract in civil aviation history and a deal which confirmed it as the world's most bullish airline. Explaining the reason behind ALC's purchase of 51 short-haul Airbus jets, chief executive Steven F. Udvar-Hazy said: "In today's airline world, low operating costs, fuel efficiency, environmental friendliness and maximum operating flexibility are important ingredients. "The latest versions of the Airbus family of single aisle aircraft meet and exceed those high standards." The Farnborough show near London is one of the aviation world's biggest trade events and renowned for being an arena for major deal announcements. Boeing will be hoping to secure more orders here for its mid-sized 787 Dreamliner -- a fuel-efficient jet which will be on display in Farnborough after making its first flight outside of the United States on Sunday. The plane, which can fly very long distances and seat up to 330 passengers, has been beset by production delays. Jim Albaugh, chief executive of Boeing Commercial Airplanes, said on Sunday the company hoped to deliver the first Dreamliner to launch client All Nippon Airways no later than January. Airbus is working on a new long-haul plane of its own -- the A350 XWB (Extra Wide Body). A senior French official said Monday that Germany, Spain, France and Britain would provide reimbursable subsidies to help Airbus develop the aircraft despite a recent World Trade Organization ruling against past payments. Speaking after meeting German, Spanish and British counterparts at the airshow, French state secretary for transport Dominique Bussereau said that "despite the conclusions of the WTO (on subsidies), we confirm our commitment to Airbus." The World Trade Organization, in response to a Boeing complaint backed by Washington, recently found that state aid given over many years to Airbus was illegal. 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