18 JANUARY 2016
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Airbus beat Boeing in the race for new business last year, swelling its total order book to an astonishing US$1tr, but remained behind on deliveries.
Airbus netted 1,036 aircraft orders after cancellations, down 29% from 2014, compared with Boeing's tally of 768, a fall of 46%, announced at a press conference in Paris last Tuesday (12 January).
However it was clear that there would be a slowdown after two years of heavy orders, and amid concerns over the impact of economic jitters and low oil prices on demand for fuel-saving aircraft.
Despite that, deliveries of popular models grew, reflecting industry forecasts of persistent growth in traffic.
Airbus hit a company record of 635 deliveries and predicted over 650 in 2016, with new orders again exceeding deliveries.
Boeing said last week its deliveries rose 5% to 762, an industry record.
Combined deliveries came in a whisker below 1,400, having doubled in the past decade. Fabrice Brégier, CEO of Airbus, said that the latest data showed the market was "resilient".
Airlines "do not expect oil prices to stay low forever," he said.
However, Airbus dropped to its lowest overall share of deliveries against Boeing – 45% – since 2002, and its lowest share of wide-body deliveries – 35% – since 2001, after its rival increased deliveries of the 787 Dreamliner. www.airbus.com www.boeing.com/commercial
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