Boeing Nets $1.4 Billion in New Orders

Boeing Co. said five airlines will buy 25 of its planes for about $1.4 billion, bringing the value of orders it announced at this week’s Paris Air Show to more than $3 billion. Southwest Airlines, Delta Air Lines, Hapag-Lloyd, Romanian carrier Tarom and Lauda Air Luftfahrt all ordered versions of Boeing’s 737, 757 or 767 jetliners. Boeing has now secured 118 firm orders this year, including 62 at the air show. Rival Airbus Industrie has won orders for 189 planes so far, with 93 firm orders worth $4 billion at the show. The total is far less than the $18.7 billion in orders the two jet makers enjoyed at the world’s previous major air show nine months ago. They have warned that jet sales could slump as much as 40% industrywide this year. Shares of Seattle-based Boeing rose 88 cents to close at $43.63 on the New York Stock Exchange.