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Thursday, January 11, 2024

"Never Sold As Many...": Airbus Reports Record Plane Orders, Most From India

European planemaker Airbus said Thursday that it secured 2,094 net plane orders last year, a record for the group as airlines prepare for further global passenger growth and seek out more fuel-efficient planes.

The company also said that despite persistent supply chain problems it delivered 735 jets to clients last year, beating its own target of 720 deliveries.

The new orders smashed Airbus's previous record from 2013 of 1,503 planes, continuing to reap the success of its popular A320 family for shorter flights and the A350 for long-haul routes.

After the Covid-19 pandemic, "We originally anticipated aviation to recover sometime in the 2023-2025 timeframe, but what we saw in 2023 was, alongside the single-aisle market, widebody return much sooner than expected, and with vigour", commercial chief Christian Scherer said in a statement.

Major contracts were racked up with airlines including India's low-cost IndiGo, which ordered 500 A320s -- the biggest civil aviation order in history -- as well as Air India (250 planes) and Turkish Airlines (230 planes).

"We have never sold as many A320s or A350s in any given year... Travel is back and there is serious momentum," he said.

The company's overall order backlog stood at 8,598 aircraft at the end of last year.

Airbus has begun development of a successor to the popular A320 family for the second half of the 2030s, and is aiming to launch a hydrogen-powered plane -- which would emit no CO2 -- toward 2035.

The performance outstripped that of its US rival Boeing, which is facing renewed scrutiny of its new 737 MAX jet after a scare on an Alaska Airlines jet last week, when a fuselage panel came off mid-flight and forced an emergency landing.

Boeing also saw a rise in net orders last year, to 1,314 aircraft, mainly for the 737 MAX but also for its long-haul 787s.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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