Boeing Co (NYSE:BA) Beats Airbus For New Plane Orders

The last quarter was full of ups and downs for Boeing Co (NYSE:BA), but somehow it managed to beat Airbus in terms of number of plane orders. As per the reports, Airbus booked 84 orders for the month of March and brought the total gross deals for the first quarter of 2015 to 12 aircrafts. It was lesser than the 110 net orders intake of Boeing during the same period.

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Insights on Matter:

The information was made available through a statement by Toulouse-based Airbus on Tuesday. Even though the numbers seemed good in first place, but Airbus also suffered, with 20 jet cancellations in the last three months, which affected its orders. It was due to these cancellations that Boeing surpassed Airbus’ numbers quite easily.

When it comes to delivery of jets, Boeing Co (NYSE:BA) remained ahead of Airbus by a huge margin. As per the announcement made by the company on its official website, it delivered total 184 aircrafts which were a lot more than 134 aircrafts delivered by Airbus during the same period. These numbers represent one thing pretty clearly that Airbus will end the year behind its rival.

The management of Airbus doesn’t want to miss out any opportunity to take a lead over its rival. In a series of events, the company delivered only second A350 long-range jet in the previous month. The jet was delivered to Qatar Airways, which didn’t have any such plane in the past.

The competition in the jet manufacturing has also elevated in the last few years. The clients have more number of options to select an ideal match now as compared to the past. In such situation, Boeing doesn’t want to lose its leading market position in jet manufacturing. The senior management of the same company hopes that Boeing will continue to enjoy the leading market position in the future as well.

Abbott Michael

Abbott Michael

Michael joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments.