Airbus Outsells Boeing With 1,036 Net Jetliner Orders
January 12 2016 - 4:10AM
Dow Jones News
PARIS—Airbus Group SE on Tuesday said it booked 1,036 net
commercial plane orders last year, easily outselling rival aircraft
maker Boeing Co.
The Toulouse-based aero-defense group said the value of last
year's net airliner orders was $137.1 billion at list price, though
buyers typically get big discounts. Airbus recorded 103 order
cancellations last year, mostly as airlines switched from buying
older single-aisle planes to the popular newer version of the
jet.
Boeing last week said it booked 768 net orders in 2015.
Airbus's order bookings included three A380 superjumbos added in
December after a prolonged dry-spell for the model that can seat
more than 600 passengers. Japan's All Nippon Airways Co. is taking
the three double-decker aircraft, though some were already built
for Japan's Skymark Airlines in a deal canceled in 2014 over
payment concerns.
Airbus and Boeing have enjoyed a sustained period of growth in
order bookings as airlines have flocked to buy new jets to replace
older, less efficient models amid steady growth in demand for air
travel, notably in emerging economies in Asia and the Americas.
However, concerns are mounting among some industry analysts that
a prolonged slump in oil prices and weaker global economic growth
in many markets could soften demand for new aircraft. Last year
marked the first since 2009 that order intake at Airbus and Boeing
fell from the previous year.
For now, the manufacturers remain upbeat.
"This commercial and industrial performance unequivocally proves
that global demand for our aircraft has remained resilient." said
Fabrice Bré gier, president of Airbus's commercial plane unit.
The two plane makers ended 2015 with a combined backlog of more
than 12,000 planes, with planned deliveries of some models
stretching beyond 2020. Airbus said its backlog of 6,787 plane
orders at the end of last year was an industry record. The deals
are valued at $996.3 billion at list prices.
Boeing retained the bragging rights as being the world's largest
plane maker. The Chicago-based company delivered an industry record
of 762 airliners last year, far ahead of the 635 planes Airbus
shipped.
The European plane maker said its total was a company record and
the 13th year running output has risen. Airbus met its goal of
delivering more planes in 2015 than the year prior, when it shipped
629 aircraft. The deliveries last year were valued at $91.6 billion
at list prices.
Airbus missed some targets it had set itself for 2015, including
delivering the first A320neo, an upgrade of its popular
single-aisle plane. That handover now is planned for this month
after Airbus and engine maker Pratt & Whitney, a unit of United
Technologies Corp., struggled to get documentation completed in
time for Deutsche Lufthansa AG to receive the first model.
Airbus shipped only 14 of its new A350 long-range planes against
a plan of 15 such aircraft because a supplier was late in
delivering parts.
Airbus and Boeing are poised to combine to build even more
planes this year. Airbus last year said it is boosting single-aisle
plane production to 60 aircraft a month from mid-2019. It currently
builds 42 aircraft a month.
Airbus builds narrowbody planes in Toulouse, Hamburg and
Tianjin, China. This year it will start shipping aircraft from a
new facility in Mobile, Ala. The group is also poised to increase
output of the Toulouse-assembled A350.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
January 12, 2016 04:55 ET (09:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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