Published: Thu, January 12, 2017
Economy | By Melissa Porter

Boeing vs Airbus 2016 performance

With expansions of its European manufacturing and final assembly sites, as well as the opening of new final assembly lines in the US and China for the A320 Family, the sun never sets on Airbus' network. "We don't intend to deliver 1,200 aircraft", Fabrice Bregier told a news conference on Wednesday.

Boeing says it delivered 748 planes in 2016 and took in 668 net orders, down from 768 orders in 2015.

Both Airbus and Boeing however saw demand for new planes fall to their lowest total since 2010.

Among Airbus's unidentified buyers, one is a Middle Eastern customer that's taking 90 narrow-bodies, the sales chief said.

An Asian airline is also purchasing 42 planes, Leahy said. That could refer to Saudi Arabian discount carrier Flynas, which is close to announcing an A320 deal for more than 60 planes, people familiar with the purchase plan said Monday. The leasing arm of China's Bank of Communications has agreed to buy that number of jets, Reuters has reported.

This growing global network is driving the company's increase in production output - highlighted by the fact that Airbus' 10,000 delivery is occurring just over a year and half after its 9,000 handover. "But things have started to improve", Bregier said.

Deliveries rebounded in December after some issues with engines and cabin equipment in the supply chain.

In fact, Republican politicians in the U.S. Congress have pledged to block a separate deal between Boeing and Iran Air calling for delivery of fifty 737 Max 8s, fifteen 777-300ERs and fifteen 777-9s valued at $16.6 billion at list prices.

The overall year-end backlog declined for the first time since 2009, albeit only slightly to 12,589 aircraft. The company said it booked 320 jetliner orders in December.

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