Airbus bests Boeing, netting 1,419 orders in 2011
Strong demand for the A320neo beat out U.S.-rival for the fourth year running.
HAMBURG—Airbus has bested its U.S. rival Boeing Co. in sales for a fourth consecutive year, taking in a record number of orders for its revamped single-aisle plane.
The European jet maker received 1,419 net new orders in 2011 worth $140 billion, well above Boeing’s 805 orders. That topped the previous record of 1,413 net orders recorded by Boeing in 2007.
Airbus also delivered 534 aircraft last year, up from 510 in 2010. Boeing delivered 477 aircraft in 2011.
Airbus expects to deliver 570 jets this year, including 30 of its A380 super-jumbo jets, the world’s largest commercial jet.
But Airbus’ recent success is based on its revamped single aisle jet, the A320neo.
A modified version of its existing workhorse jet, the A320, the A320neo has improved engines and modified wingtips to make it allegedly 15 per cent more fuel-efficient than Boeing’s 737.
Airbus received 1,226 orders for the A320neo in 2011, including a single order for 200 of the aircraft worth $18.5 billion from Malaysian budget airline AirAsia.
Southwest Airlines Co. will be the first recipient of Boeing’s new plane, representing the biggest firm order in the company’s history at 208 planes with and by list-price of nearly $19 billion.