Aircraft manufacturer Boeing (BA) and engine maker Rolls-Royce (RYCEY) said their orders in the Middle East have not been affected by the recent instability surrounding Qatar, executives told the Paris Air Forum, according to Reuters.
There hasn't been any significant increase in order cancellations or deferrals, Boeing VP of Marketing Randy Tinseth said.
"Any major crisis in the Middle East would affect our industry one way or another. We are not there yet," Rolls-Royce Civil Aerospace President Eric Schulz said.
Carriers including Emirates and Qatar Airways have been leading buyers of aircrafts and engines due to enormous growth in the last decade. But growth in the last year has slowed as low oil prices knocked demand for business travel in the Middle East.
What's Hot on TheStreet
Snap is bleeding value: Snap Inc. (SNAP) fell nearly 5% by the close of trading on Wall Street Thursday, but never dipped below the $17 price that shares were sold at on March 2, when the company debuted on the Nasdaq with a $3.4 billion IPO. By the end of that first trading day, with shares rising more than 44%, Snap was valued at just under $33 billion.
Investors have questioned the relevance of the company's Snapchat app in a market dominated by messaging services such as Facebook's (FB) WhatsApp and the business-focused Slack Technologies. Wall Street has also raised questions about its ability to monetize the billions of messages it handles each day.