Airbus Triumphs With Multi-Billion EVA Air Deal Amid Boeing's Quality Control Challenges: The Aircraft Manufacturer's Rivalry Intensifies?

Airbus SE EADSF EADSY has clinched a firm order from Taiwan's EVA Air for 18 long-range A350-1000s and 15 single-aisle A321neo.

In the long-range market, it's another significant endorsement for the A350-1000 as the natural replacement for previous generation aircraft in the larger widebody size category, the company said in a statement.

The development closely follows Airbus competitor Boeing Company's BA problems regarding quality control issues (several jets grounded by leading airlines). 

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The agreement with EVA Air, initially disclosed in November of the previous year, was previously indicated to be worth up to $10.1 billion, Reuters reported.

This would involve individual A350-1000 units priced at a maximum of $436 million and each A321neo at up to $150 million, the report added.

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Airbus is also on the verge of securing an order from Delta Air Lines, Inc DAL for a substantial number of widebody aircraft, including additional A350-1000 planes, Reuters reported. 

The agreement, pending final negotiations, may be announced as soon as Friday, coinciding with the U.S. carrier's fourth-quarter earnings report.

The A350 Family has won more than 1,000 firm orders from 60 customers worldwide, with more than 570 aircraft currently in the fleets of 39 operators, flying primarily on long-haul routes, the European manufacturer said in a statement.

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"In both size categories we have selected the most modern and fuel efficient types, that offer the highest levels of passenger comfort. The aircraft also bring significant reductions in carbon emissions, which is in line with our company's sustainability goals," Clay Sun, President of EVA Air said.

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Price Action: EADSY shares closed higher by 3.52% to $39.42 on Monday.

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