Airbus beats rival Boeing in annual orders

08:48, January 18, 2011      

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Airbus sprinted past Boeing to win the annual orders race in 2010 after a last-minute buying spree highlighted a recovery in emerging markets and the low-fare sector, the plane maker said Monday.

The EADS subsidiary said it had sold 644 planes, worth more than $84 billion, at their list prices in 2010, beating its American arch-rival Boeing's total of 625 planes, following a surge of about 200 plane orders in December.

"These figures show the economy is improving. We have dodged the bullet on a double-dip recession. Aviation is growing again because of Asia, low-cost carriers and emerging markets," Airbus sales chef John Leahy told reporters. "The only negative on the horizon is the fuel price."

Adjusting for cancellations, Airbus sold a net total of 574 airplanes worth $74 billion at list prices, compared with rival Boeing's 530, giving the European firm a 52 percent market share.



Source: Global Times/Agencies
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