AIRSHOW-WRAPUP 1-Orders for big jets make a splash in Paris

Mon Jun 17, 2013 7:35am EDT
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* GECAS backs new Boeing model to be launched on Tuesday

* German financier Doric places $8 bln A380 order

* Low-key U.S. military presence due to spending cuts

By Siva Govindasamy and Brenda Goh

PARIS, June 17 (Reuters) - Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers duelled over strategy for large aircraft on Monday.

The world's biggest aircraft lessor, a unit of General Electric, became the second buyer to endorse a larger version of Boeing's 787 Dreamliner, weeks after the lightweight jet went back into service after a three-month grounding.

Confirming a Reuters report, the GECAS subsidiary said it would sign up for 10 of the stretched 787-10 passenger planes, joining a $30 billion order haul that industry sources say Boeing is assembling to formally launch the jet on Tuesday.

And an influential German leasing company, Doric Asset Finance, little known outside the specialist world of aviation financing, splashed out on 20 Airbus A380 superjumbos worth $8 billion at list prices to anticipate rising demand.

Total orders on day one of the world's largest aerospace event swelled to more than $30 billion in three hours as heavy rain lashed the Le Bourget pavilions.   Continued...