Airbus is making the headlines with the launch of the A330neo at this year's Farnborough Air Show - but Boeing says the new model isn't competitive. Julian Satterthwaite reports.
Once again it's a Boeing-Airbus showdown. Airbus stealing the headlines with a major product launch at this year's Farnborough Air Show. The European planemaker is unveiling plans for a revamp of its top-selling A330 jet. That will go head-to-head with Boeing's own 787 Dreamliner. The U.S. firm is undaunted though. Boeing vice president Randy Tinseth says Airbus's hopes to sell a thousand of the new jets look optimistic. SOUNDBITE: Boeing VP Randy Tinseth, saying (English): "Bringing back an airplane that they pulled from the market place in 2004 is an interesting move. If we see a market a little bit differently than they do then maybe 300 or 400 airplanes over the next 10-15 years." The week is likely to see plenty of big order announcements from Airbus and Boeing, but maybe not on the scale of previous years. After a period of record sales, some industry-watchers worry that an order bubble has developed. Accenture analyst Damien Lasou says order backlogs are big enough to protect manufacturers even if there is a downturn. (SOUNDBITE) (ENGLISH) ACCENTURE ANALYST DAMIEN LASOU, SAYING: "There is a level of let's say flexibility built in the production plan of the manufacturers so far. So can cope with a declining order, can cope with consolation, not a complete collapse obviously" The military star of the show has so far failed to turn up. The F-35 figher jet was due to make its international debut, but has been delayed after engine problems. It's the latest in a series of troubles to dog the most expensive defense project ever, with lifetime costs now projected at over one trillion dollars. The F-35 was still expected to get to the show. For now there's just a mock-up. But with costs and problems mounting, lead contractor Lockheed Martin faces a battle to prove it can deliver the jet, and do it at a cost Western air forces can afford.