October 20, 2020

Airbus takes record orders in 2011, beating Boeing 


0
0



Pin It

An Emirates A380 plane is mirrored at the entrance of Airbus in Hamburg, Germany, Tuesday Jan 17, 2012. Airbus took in a record number of orders for new commercial aircraft last year as strong demand for its revamped single-aisle plane helped it best fierce U.S. rival Boeing Co. in the race for orders for the fourth year running. (AP Photo/dapd, Philipp Guelland)

HAMBURG, Germany (AP) — Airbus took in a record number of orders for new commercial aircraft last year as strong demand for its revamped single-aisle plane helped it best U.S. rival Boeing Co. in the race for orders for the fourth year running.

The European jet maker said Tuesday that it took in 1,419 net new orders in 2011, worth $140 billion, well above Boeing’s total of 805 aircraft. That topped the previous record of 1,413 net orders recorded by Boeing in 2007.

Airbus also delivered 534 aircraft last year, up from 510 a year earlier and keeping the title of world’s biggest jet maker that it has held since 2003. Boeing delivered 477 aircraft in 2011.

For this year, Airbus targets around 570 jet deliveries, including about 30 of its A380 super jumbo, the world’s largest commercial jet.

Louis Gallois, the CEO of Airbus parent company EADS, said 2011 revenue will be “nicely above” the euro45.8 billion recorded in 2010. EADS reports its 2011 earnings in early March.

Gallois is due to retire in May but the EADS executive declined to comment on his succession plans. He spoke more freely about the ongoing European financial crisis, saying that the credit downgrades of nine European countries including France by rating agency Standard & Poor’s last week “is only making things more complex.”

Print Friendly, PDF & Email

Speak Your Mind

*