Market Overview

Report: Airbus Tops Boeing In Plane Orders, Falls Short In Deliveries

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According to a the BBC, Airbus delivered a record 635 planes throughout 2015 which fell short of the 762 jets Boeing Co (NYSE: BA) delivered last year.

On the other hand, Airbus recorded 1,036 orders (after cancelations) throughout 2015, exceeding the 768 orders (after cancelations) Boeing recorded last year.

However, the number of orders represents a decrease of 29 percent for Airbus and 46 percent for Boeing.

While both companies are competing to gain as much share as possible, both firms face a risk from a China-related slowdown.

Airbus' CEO confirmed that the company remains committed to opening a new facility in Tianjin, China next month.

"We should not mix up problems we can see on the financial markets and the real economy," Airbus' CEO Fabrice Bregier was quoted as saying.

Similarly, Boeing reached a deal with China to build an assembly plant in the country to match Airbus' presence.

Shares of Boeing were trading higher by more than 0.5 percent at $131.10 late Tuesday morning.

Posted-In: Airbus Airbus China Airplane Deliveries Airplane Orders airplanes Boeing Boeing ChinaNews

 

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