PARIS: Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.
Chief Commercial Officer Christian Scherer, who stepped up from the ATR turboprop affiliate to take the top Airbus sales job just over a year ago, hinted that Airbus would top 1,000 gross orders this year, up at least 20% from 2018. He also said Airbus would show a book-to-bill ratio above one for every civil programme, meaning net orders after cancellations would exceed delivery volumes.The prediction appeared to exclude the A380, which is no longer being sold.It targets 860 deliveries, having lowered that 2019 goal due to delays in production of the A321neo. Scherer said Airbus was working to ease the problem but that it would take time to absorb the delays completely.
Airbus suffered a setback earlier this year when it was forced to announce plans to close production of its A380 superjumbo, the world’s largest airliner, due to weak sales. A replacement for the 150-240 seat A320 jet family will also have to wait for a breakthrough improvement in environmental and economic performance, unlikely before the 2030s, Scherer said.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: staronline - 🏆 4. / 75 Read more »