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Airbus and Boeing to Fight for Orders at Farnborough

2:30 AM ET Mon, 9 July 2012

"This year we do strongly believe it is going to be the year of the Boeing 737 Max, Boeing has indicated ending the year with potentially a 1000 orders and at this show Jefferies expects to see up to 400 commitments turned into orders for the Max," David Baxt, global head of aerospace at Jefferies, told CNBC.