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    1.0.30

    Airbus delivered a record 688 commercial planes globally in 2016

    The Kenyan
    By The Kenyan Wall Street
    - January 11, 2017
    - January 11, 2017
    Global News
    Airbus delivered a record 688 commercial planes globally in 2016

    European plane maker Airbus has logged a new delivery record for its commercial aircraft segment – not enough, though, to beat US rival Boeing. Airbus’ commercial aircraft deliveries in 2016 were up for the 14th year in a row, reaching a new company record of 688 aircraft delivered to 82 customers around the globe in 2016.

    The company said the figure was more than eight percent higher than the previous record of 635 set in 2015.

    Eternal rivalry

    Orders in 2016 outstripped those of its main rival in the US, with a total of 731 logged last year, 63 more than Boeing recorded. By contrast, Boeing came out on top of the deliveries table with a total of 748 planes supplied to customers in 2016.

    “We delivered on our objectives in a challenging environment, proving our ramp-up readiness for the future,” Airbus President Fabrice Bregier said in a statement.

    He also noted that Airbus was delivering an A321 to Iran Air, the first of 100 planes the company would send to Iran under a deal to modernize Iran’s aging fleet. The contract had become possible after a 2015 international accord with Tehran on its nuclear program that saw many sanctions against the country lifted.

    Iran has also ordered planes from Boeing in a bid to diversify its base of suppliers and get the best deals from both sides.

    Sources; Airbus & Reuters

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
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