Airbus speeds past Boeing in year-end order surge

Airbus factory in Toulouse, France

Airbus factory in Toulouse, France

The last minute deal making witnessed towards the end of the year 2010 and strong recovery in the emerging markets coupled with robust demand from the low-cost carriers saw Airbus zoom past Boeing in the annual aircraft orders race.

Helped by last minute orders of 200 planes in the month of December, Airbus closed the year 2010 with an order book of 644 aircrafts worth £53 billion ($84 billion), thumping Boeing’s total order of 625 aircrafts, the EADS subsidiary said in a statement.

Announcing the details, Airbus Chief of Sales said: “These figures show the economy is improving. We have dodged the bullet on a double-dip recession. Aviation is growing again because of Asia, low-cost carriers and emerging markets. The only negative on the horizon is the fuel price”.

Airbus has managed to garner a market share of 52 percent in civil aviation industry. After adjusting for order cancellations, net total orders for the year stand at 574 planes worth $74 billion at list prices compared to Boeings net total of 530.

Airbus’s performance beats forecast by many analysts. Boeing has managed to nearly double its order count over 2009 – a year when the airlines industry was looking down the barrel after the economic crisis.

For eight straight years, Airbus has managed to beat its US rival on order deliveries. It managed to deliver 510 aircrafts in 2010 – the highest in its history and better than last years figure of 498. Boeing delivered 462 planes during the period – a fall of 4 percent over its last years figures.

The company plans to deliver 520-530 planes in 2011 and will have an order-book bigger than the number of aircrafts it will deliver, said Chief Executive of Airbus Tom Enders.

“2010 has been better than we expected. We will look at 2011 more optimistically”, he added.

Airbus’ revenue for the year will be around €30 billion ($39.9 billion) in 2010, up from €28.1 billion in 2009.

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