American aircraft manufacturer, Boeing received more orders for its jets than its archrival, Airbus in 2018, breaking the five-year-long losing streak, reports Reuters.
The European aerospace major, Airbus, booked 747 net orders in 2018, 33 per cent lower from 2017. Boeing, on the other hand, witnessed its best sales year since 2012, with 893 net orders.
Although Boeing missed its yearly delivery targets, it remains the world's largest planemaker by manufacturing volume for a seventh straight year.
Also, though Airbus took the lead in the small aircraft market, selling 135 of lightweight Bombardier CSeries aircraft, Boeing outsold it three to one for the second year in a row in the high-margin wide-body jet market.
However, Airbus Delivered a total of 800 aircraft, 11 per cent higher than in 2017. “Despite significant operational challenges, Airbus continued its production ramp-up and delivered a record number of aircraft in 2018. I salute our teams around the globe who worked until the end of the year to meet our commitments,” said Guillaume Faury, President Airbus Commercial Aircraft.
In the $190 billion commercial aviation market, Boeing and Airbus enjoy a duopoly. To eliminate competition and strengthen its hold on the market, Boeing is in talks to buy an 80% stake in the commercial aircraft division of Embraer for $4.2 billion.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.