Boeing beats Airbus in first quarter net orders, deliveries

Tue Apr 7, 2015 10:57am EDT
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By Tim Hepher

PARIS (Reuters) - U.S. planemaker Boeing (BA.N: Quote) beat European rival Airbus (AIR.PA: Quote) in net new orders and deliveries in the first quarter, according to figures released on Tuesday.

The aircraft giants showed mixed results in the traditionally slow quarter for new orders but the gap between them in deliveries, which generate most revenue, widened after Boeing handed over a record number of jets for the period.

Airbus said it had booked gross orders of 121 aircraft in January-March, beating Boeing's 116.

After cancellations and conversions, it slipped behind Boeing with 101 net orders as opposed to 110 for Boeing.

Airbus logged 134 plane deliveries in the first quarter including one A350, its latest model, and four A380s.

Deliveries slipped from 141 in the first quarter of 2014 as the wide-body A330 fell to 20 from 28.

Airbus plans to cut monthly A330 production from nine to six from the first quarter of 2016 due to faltering demand.

Analysts say they will be looking for any signs that deliveries of the current-generation A330 are slipping even earlier than that as airlines wait for a new 'A330neo' version, but Airbus officials say demand for the jet remains robust.   Continued...

Aerial view shows the Boeing plant in North Charleston, South Carolina on March 26, 2015. REUTERS/Randall Hill