Airbus deliveries up 8%, orders outpace Boeing in 2016 - Business News - News Summed Up

Airbus deliveries up 8%, orders outpace Boeing in 2016 - Business News


"What kept the orders party going much longer than usual was new product launches and there are few products to be launched," said Richard Aboulafia, vice president of Teal Group. "These are not hard times. This is merely the party coming to its inevitable end. "Confirming an estimate published by Reuters, Airbus said it had delivered 688 aircraft in 2016, compared with its most recent forecast of 670. Deliveries rebounded sharply at the year-end after problems in the supply chain.Airbus shares rose 0.4 percent.Airbus chief operating officer and planemaking president Fabrice Bregier told a news conference he expected more than 700 deliveries in 2017, but without the last-minute frenzy seen last year due to problems in receiving engines and cabin equipment.Airbus announced a fourth successive win in the race for new business after posting 731 net orders for 2016, including more than 300 orders in December, confirming potential business reported earlier by Reuters.Boeing kept the title of No.1 producer with 748 deliveries but registered a lower figure of 668 net orders.The surge in Airbus orders included 98 out of 100 aircraft sold to Iran under a historic sanctions deal.


Source: The Star January 12, 2017 00:07 UTC


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