Boe­ing pulls ahead of ri­val Air­bus in new or­ders

Financial Mirror (Cyprus) - - MARKETS -

Boe­ing fi­nally out­mus­cled Air­bus in new air­craft or­ders last year. The Amer­i­can plane­maker had 893 net or­ders for new air­lin­ers in 2018, ahead of the slightly ironic 747 or­ders recorded by Air­bus. Boe­ing trailed Air­bus in net or­ders for five con­sec­u­tive years and it also leads its Eu­ro­pean ri­val in de­liv­er­ies. Even though Air­bus handed a recorded 800 air­craft over to cus­tomers, Boe­ing was ahead with 806 de­liv­er­ies. Air­bus has had a tough year amid pro­duc­tion de­lays, lead­er­ship changes and a ma­jor­ity ac­qui­si­tion in Bom­bardier’s loss-mak­ing CSeries jets. The light­weight jets have been re­named A220 and they have been re­spon­si­ble for the com­pany’s late surge in 2018. Large or­ders for the A220 came from Delta, JetBlue and Moxy that added hugely to the end of year de­liv­ery tally; 135 of the light­weight jets were or­dered in 2018, worth a col­lec­tive $12 bil­lion. Air­bus has ground to make up on Boe­ing in the wide-body seg­ment. The Amer­i­can com­pany has ex­pe­ri­enced huge suc­cess with its larger air­lin­ers thanks to the re­li­a­bil­ity and ma­tu­rity of the 767 and 777.

Ac­cel­er­ated pro­duc­tion of the 787 Dream­liner has also helped it out­sell Air­bus by three to one. The seg­ment could get more com­pet­i­tive in the years ahead, how­ever, with Air­bus reach­ing its tar­geted pro­duc­tion rate of ten air­craft a month for the A350. Boe­ing for much of the year, Air­bus man­aged to get its nose ahead thanks to a pe­riod of fre­netic

sell­ing in the last weeks of 2017 when it closed a mas­sive $50 bil­lion deal for 430 nar­row-body air­craft from IndigoPart­ners.That deal in­volves the sale of 273 A320­neos and 157 A321­neos and they will be split be­tween Wizz Air, Fron­tier, Vo­laris and JetS­mart. Air­bus also in­creased phys­i­cal de­liv­er­ies to cus­tomers for the 15th con­sec­u­tive year, hand­ing over 718 air­craft. Boe­ing still has the brag­ging rights as the world’s big­gest man­u­fac­turer, how­ever, hav­ing de­liv­ered a record 763 air­craft in 2017. (Source: Statista)

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.