50 SKY SHADES - World aviation news

Airbus lags Boeing in first-quarter order race

Download: Printable PDF Date: 12 Apr 2016 00:06 category:
Publisher:
Airbus lags Boeing in first-quarter order race - Manufacturer publisher
Krista Kuznecova
Aircraft: Airplanes
Source: Reuters

Europe's Airbus dropped behind U.S. rival Boeing in the race for new airplane orders in the first quarter, sending its shares lower as it recorded its slowest start to the year since 2011.

Both orders and deliveries at the European planemaker dwindled, with the latter affected by glitches and delays at U.S. engine supplier Pratt & Whitney.

The planemaking unit of Airbus Group did win a fresh boost for its struggling A380 superjumbo with two sales to an undisclosed customer.

But the impact on Airbus's order book was dampened by the cancellation of two A380s by Reunion-based Air Austral which had hoped to introduce a high-density version for tourist flights.

Airbus said on Monday it had sold a gross total of 32 aircraft and delivered 125 in the first quarter, down 74 percent and 7 percent respectively compared with the same period last year. After adjusting for cancellations, it posted 10 net orders the lowest figure for the first quarter since 2011.

Boeing had reported 140 gross orders between January 1 and April 5, or 122 after cancellations.

Shares in Airbus Group fell 1.5 percent against a slightly firmer market. The group also faces growing disruption in export credits amid a potential British corruption probe.

Boeing rose 1.2 percent in early trading.

Boeing's first-quarter orders were dominated by sales of 737s to United Airlines and at least one undisclosed customer.

But industry sources say the sale to United Airlines came at a hefty discount and the two sets of company figures did little to dispel talk of a slowdown in aircraft markets that has weighed on some sector stocks this year.

Boeing held its lead on deliveries with 176 planes handed to customers in the first quarter, down 4.3 percent from the same period last year.

Airbus quickened its new A350 wide-body model with three deliveries in March, bringing the total so far this year to four. It targets more than 50 A350 deliveries this year.

But engine delays took their toll on deliveries of narrowbody planes, which despite plans to raise output fell to their lowest first-quarter total since 2011, at 103 aircraft.

Industry sources say Pratt & Whitney has slowed deliveries while it fixes software and startup times on its latest engines, leaving a backlog of partially assembled jets in Toulouse.

At 46 percent, Airbus posted its lowest quarterly share against Boeing of cash-generating narrowbody deliveries since 2004.

Airbus says it expects to catch up later in the year, while Boeing has predicted a slowdown in annual deliveries as it prepares the transition to a new model of 737.

In the first quarter, Boeing's narrowbody deliveries were stable at 121 aircraft



Loading comments for Airbus lags Boeing in first-quarter order race...


Recommended

Airbus: Orders And Deliveries November 2017

THE MONTH IN REVIEW: NOVEMBER 2017 During November, the order book for Airbus’ best-selling A320 Family increased by 45 jetliners, while 74 aircraft were delivered to international customers...

Peruvian Government: “Satellite investment recovered after first year of operations”

PerúSAT-1 has delivered more than 71,000 images for more than 80 organisations PerúSAT-1 has completed its first year of operation and the Peruvian government has recently declared th...

Boeing Forecasts Stable Growth and Funding Diversification for Aircraft Financing in 2018

Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing ant...

Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization

The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program wi...

American Airlines is first retrofit customer for Airbus’ new Airspace XL luggage bins on its A321 fleet

Larger overhead luggage bins offer 40 percent more storage space for carry-on bags Project includes cabin upgrades for 202 A321s Airbus takes major step into US services market with its largest...

Zhukovsky International Airport can become a "bridge" between China and Russia

Zhukovsky International Airport and Pegas Fly airline announce the launch of a large-scale program to support Chinese tourism in the Russian Federation and the launch of a flight on the route Jinan (P...

New Singapore Airlines A380 takes to the skies

First aircraft delivered with carrier’s latest cabin products and innovations  Singapore Airlines has taken delivery of the first of five new A380 aircraft scheduled to join the carrier&...

Bell Helicopter's Mirabel facility celebrates completion of 5,000th aircraft

Bell Helicopter, a Textron Inc. company, announced that the company's Canadian facility located in Mirabel has completed its 5,000th aircraft.  The aircraft, a Bell 407GXP, will be owned b...