doc
Jan 13, 00, 6:46 am
The new millenium begins with AI taking significantly more airplane orders than its archrival, Boeing, for the first time in the European consortiums 30yr history.
In 1999, Boeing booked 391 jets while AI is expected to announce later today that it had accumulated more than 470 orders. Thats a roughly 55% market share for AI- impressive. They also added 6 new customers.
Yet, notably, even firm orders do not always turn into deliveries (no less profitability). Boeing, despite some snafus, ended the year with 620 deliveries 9up from 563 in '98) while AI is expected to announce it delivered 295 planes in total in '99 (up from 229 in '98).
Once AI gets in the door, history has shown they usually get more follow up orders at the expense of Boeing. Clearly the gap is now essentially nonexistent and more battles lie ahead for these two determined companies. Perhaps airlines and consumers will benefit.
Details at http://wsj.com or www.dowjones.com (http://www.dowjones.com)
UPDATE:
Here it is:
PARIS (Reuters) - European aircraft consortium Airbus Industrie said on Thursday it secured 476 new commercial airplane orders in 1999, beating out U.S. rival Boeing whose 1999 order total was 391.
Airbus valued the orders at $30.5 billion and said they represented the second best total ever for the group. In 1998, Airbus orders totaled 556 against 656 for Boeing.
``With a 55 percent market share in 1999, after almost 50 percent in 1998, Airbus Industrie has confirmed that it is now established on a par with its competitor,'' Airbus Chief Executive Noel Forgeard said in a statement.
The consortium said that 408 of the 476 total orders had been for the A320 family of airliners, giving it 58 percent of all orders placed in the 100 to 200 seat category.
Airplane deliveries for 1999 totaled 294, far below Boeing's record 620. Airbus said this gave the consortium a turnover of $16.7 billion -- its highest ever.
The backlog of undelivered planes reached 1,445 by the end of 1999, representing some $100.1 billion and more than four years of production, Airbus said.
[This message has been edited by doc (edited 01-13-2000).]
In 1999, Boeing booked 391 jets while AI is expected to announce later today that it had accumulated more than 470 orders. Thats a roughly 55% market share for AI- impressive. They also added 6 new customers.
Yet, notably, even firm orders do not always turn into deliveries (no less profitability). Boeing, despite some snafus, ended the year with 620 deliveries 9up from 563 in '98) while AI is expected to announce it delivered 295 planes in total in '99 (up from 229 in '98).
Once AI gets in the door, history has shown they usually get more follow up orders at the expense of Boeing. Clearly the gap is now essentially nonexistent and more battles lie ahead for these two determined companies. Perhaps airlines and consumers will benefit.
Details at http://wsj.com or www.dowjones.com (http://www.dowjones.com)
UPDATE:
Here it is:
PARIS (Reuters) - European aircraft consortium Airbus Industrie said on Thursday it secured 476 new commercial airplane orders in 1999, beating out U.S. rival Boeing whose 1999 order total was 391.
Airbus valued the orders at $30.5 billion and said they represented the second best total ever for the group. In 1998, Airbus orders totaled 556 against 656 for Boeing.
``With a 55 percent market share in 1999, after almost 50 percent in 1998, Airbus Industrie has confirmed that it is now established on a par with its competitor,'' Airbus Chief Executive Noel Forgeard said in a statement.
The consortium said that 408 of the 476 total orders had been for the A320 family of airliners, giving it 58 percent of all orders placed in the 100 to 200 seat category.
Airplane deliveries for 1999 totaled 294, far below Boeing's record 620. Airbus said this gave the consortium a turnover of $16.7 billion -- its highest ever.
The backlog of undelivered planes reached 1,445 by the end of 1999, representing some $100.1 billion and more than four years of production, Airbus said.
[This message has been edited by doc (edited 01-13-2000).]