April 18, 2016 / 10:07 AM / 2 years ago

Airbus targets 700 commercial airplane orders this year: sources

PARIS (Reuters) - Airbus has told aircraft industry experts that it expects to win 700 orders this year, industry sources said.

An Airbus logo is pictured on an engine during the delivery of the first series-production LEAP-1A propulsion systems by Aircelle for the A320neo aircraft Airbus family in Colomiers near Toulouse, Southwestern France, April 15, 2016. REUTERS/Regis Duvignau

Airbus executives mentioned the target at a meeting of aircraft value appraisers in Toulouse last week, they said.

A spokesman for the European planemaker declined to comment.

In its latest official guidance, parent Airbus Group (AIR.PA) says it expected orders to exceed deliveries of more than 650 aircraft in 2016.

Airbus sold a gross total of 32 aircraft and delivered 125 in the first quarter, down 74 percent and 7 percent respectively from the same period last year. After adjusting for cancellations, it posted 10 net orders in the quarter, its slowest start to the year since 2011.

Reporting by Tim Hepher; Editing by Brian Love

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