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Boeing beats rival Airbus in 2018 aircraft order race

Boeing beats rival Airbus in 2018 aircraft order race

Boeing beats rival Airbus in 2018 aircraft order race
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By Anu Sharma  Jan 10, 2019 10:02:04 AM IST (Updated)

Boeing Co, the world’s biggest planemaker, emerged as the winner in the aircraft order race by receiving 893 net orders valued at $143.7 billion in 2018.

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European rival Airbus SE won orders for 747 planes and lags behind the US-based Boeing.
Out of the 893 new orders of Boeing, 675 were of narrow-body 737 MAX, 150 of which were ordered by Jet Airways in early 2018. SpiceJet is also a customer of the fuel-efficient 737 MAX planes.
Boeing also received orders for 109 units of wide body 787 Dreamliners, out of which over 50 percent were placed by American Airlines and United Airlines.
"More broadly, another year of healthy jet orders continues to support our long-term forecast for robust global demand that will see the commercial airplane fleet double in 20 years," Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company, said.
While both the aircraft manufacturers struggled to meet the delivery targets due to issues at the end of suppliers and engine makers, the final delivery figures for 2018 were higher than the previous year for Airbus and Boeing.
Boeing delivered a total of 806 planes, 5.6 percent higher than 2017. Out of the 806 planes, Boeing 737 family comprised 580 units, half of which belonged to the fuel-efficient MAX segment.
At 800 aircraft, Netherlands-based Airbus surpassed its delivery performance of 2017 by 11 percent. The deliveries included 386 A320neos, 113 percent higher than the year-ago period.
A320neos are significant part of India's aviation ecosystem as half of the country's order book includes A320neos, with IndiGo and GoAir awaiting delivery of nearly 500 A320neos.
“Despite significant operational challenges, Airbus continued its production ramp-up and delivered a record number of aircraft in 2018... As we look to further increase our industrial efficiency, we will continue making the digitalisation of our business a key priority,” Guillaume Faury, president of Airbus Commercial Aircraft said.
Disclosure:
Boeing is one of the four launch partners of CNBCTV18.COM.
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