Airbus, Boeing win new orders
Source: Agencies |
January 14, 2012, Saturday
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THE world's dominant plane makers have scored new orders as Airbus put the finishing touches to a record 2011, cruising peacefully for now above debt turmoil and new airline cutbacks in Europe.
Airbus and its US rival Boeing unveiled more than 70 orders for new aircraft worth US$7.5 billion as industry insiders confirmed that the trans-Atlantic rivals delivered a combined total of more than 1,000 jetliners in 2011 for the first time.
The latest orders included confirmation of a 44-plane Airbus deal from Mexican low-cost carrier Volaris and an order for 10 Boeing 787 Dreamliners from an unidentified buyer.
The Volaris order will count toward a 2011 tally to be announced by the European maker next week, putting it on course for well over 1,600 orders and a big win over Boeing, which sold 921, but has pledged to turn the tables in 2012.
Airbus will also announce that it delivered 534 aircraft in 2011, industry sources said, a record for the European manufacturer and a ninth successive victory over Boeing in the number of aircraft placed into service in a single year.
Civil plane makers have for the most part avoided the European debt crisis and warnings of contagion to other regions as urbanization in emerging markets drives transport growth.
Standard & Poor's said on Thursday that the commercial aerospace industry was entering what could be a "prolonged period" of increasing deliveries.
Defense contractors and many sectors of the economy are bracing for the opposite, raising questions over the health of a high-tech supply base shared by several industries and the ability of airlines to finance deliveries.
So far, the industry says funds needed to pay for some US$100 billion in annual aircraft deliveries will be available from other sources such as lessors and Asian lenders, though the debt crisis may undermine or delay a handful of deliveries.
In Europe, Air France-KLM said it would defer some deliveries of jets, including two A380 superjumbos amid a turnaround plan.
AirAsia X, a long-haul, low-cost offshoot of Airbus's largest Asian customer AirAsia, said it would close unprofitable routes to Europe and India.
"Aerospace companies are reporting large order backlogs and should benefit from new models despite the headwinds of a weak global economy, high fuel prices and the possibility of reduced availability of aircraft financing," S&P said.
Airbus and its US rival Boeing unveiled more than 70 orders for new aircraft worth US$7.5 billion as industry insiders confirmed that the trans-Atlantic rivals delivered a combined total of more than 1,000 jetliners in 2011 for the first time.
The latest orders included confirmation of a 44-plane Airbus deal from Mexican low-cost carrier Volaris and an order for 10 Boeing 787 Dreamliners from an unidentified buyer.
The Volaris order will count toward a 2011 tally to be announced by the European maker next week, putting it on course for well over 1,600 orders and a big win over Boeing, which sold 921, but has pledged to turn the tables in 2012.
Airbus will also announce that it delivered 534 aircraft in 2011, industry sources said, a record for the European manufacturer and a ninth successive victory over Boeing in the number of aircraft placed into service in a single year.
Civil plane makers have for the most part avoided the European debt crisis and warnings of contagion to other regions as urbanization in emerging markets drives transport growth.
Standard & Poor's said on Thursday that the commercial aerospace industry was entering what could be a "prolonged period" of increasing deliveries.
Defense contractors and many sectors of the economy are bracing for the opposite, raising questions over the health of a high-tech supply base shared by several industries and the ability of airlines to finance deliveries.
So far, the industry says funds needed to pay for some US$100 billion in annual aircraft deliveries will be available from other sources such as lessors and Asian lenders, though the debt crisis may undermine or delay a handful of deliveries.
In Europe, Air France-KLM said it would defer some deliveries of jets, including two A380 superjumbos amid a turnaround plan.
AirAsia X, a long-haul, low-cost offshoot of Airbus's largest Asian customer AirAsia, said it would close unprofitable routes to Europe and India.
"Aerospace companies are reporting large order backlogs and should benefit from new models despite the headwinds of a weak global economy, high fuel prices and the possibility of reduced availability of aircraft financing," S&P said.
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