Cathay Pacific Airways Ltd. has launched a bidding process for dozens of new widebody aircraft, according to people familiar with the matter, pitting Airbus SE against Boeing Co. in what would be a multibillion-dollar deal.

Cathay Pacific has tapped both Airbus and Boeing, requesting their proposals for the airline’s next aircraft order. The airline is considering the Airbus A350 or Boeing 787 family, along with the possibility of adding more Boeing 777Xs to its fleet.

Boeing’s quality issues led to major declines, while Airbus fared better. Find out why BA and EADSF stocks could see strong growth in 2025 due to low bases.

The original BBJ-737 was designed to accommodate 19 passengers, but various versions with up to 30 passenger capacity were also released. The aircraft comes equipped with standard winglets, which offer a 7% reduction in lift-induced drag and a 5% increase in operational range.

Airbus signalled a potential new charge in its troubled Space business on Tuesday, saying it would update investors on a long-running status review of a major satellite programme during annual results on Feb.

Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.

Airbus is terminating its charter cargo business, which used funky freighter aircraft to transport oversize loads, after less than a year.

Airbus dominance in that market segment skewed the overall figures dramatically. Boeing delivered a total of 348 commercial jets in 2024, while Airbus delivered 766. Market pricing data from aircraft valuation firm Avitas peg the Airbus deliveries as worth $52 billion, exactly twice the value of Boeing’s deliveries.

EVERETT — Boeing CEO Kelly Ortberg sees increased aircraft production in its troubled commercial aircraft division helping with a financial recovery this year after a disastrous 2024 meant a $11.8 billion loss and undelivered planes.

The Boeing Company reported a massive Q4 loss, with revenues down over 30% and losses per share significantly worse than expected. Learn more on BA stock here.

Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.

The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus in the delivery race and comes under the crosshairs of regulators and customers following a series of missteps.