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. Last Updated: 07/27/2016

Boeing, Airbus Orders

PARIS -- Boeing Co. and Airbus Industrie's rivalry moved up a gear at the Paris Air Show on Tuesday as the world's top two aircraft manufacturers each unveiled orders worth billions of dollars.

Boeing said International Lease Finance Corp. plans to buy as many as 100 Boeing 737 planes, an order worth more than $5 billion at list price, while the pan-European Airbus consortium won a $1 billion order for 23 A320 planes from Singapore Aircraft Leasing Enterprise.

The orders, which came after a slow start to one of the aircraft industry's largest jamborees, were welcome news for the companies, both of whom are forecasting a drop in sales this year.