Airbus lags Boeing in jet production and sales in 2017.


Airbus lagged Boeing in jet production and sales in the first 11 months of the year but left itself a shot at meeting full-year delivery targets after unblocking delayed engine supplies for its upgraded A320neo jet, company data showed last week.

The European jetmaker handed over 74 jets in November 2017 to bring total deliveries in the first 11 months to 591 aircraft.

That included twice as many A320neo-family aircraft as in the same month last year, as Airbus emerges from a two-year bottleneck in the availability of engines for the new model from U.S. supplier Pratt & Whitney.

November's tally means Airbus needs to roughly repeat a monthly record of 111 deliveries seen in December last year to meet its core target of more than 700 deliveries in 2017.

Airbus in October abandoned an informal goal of 720 jet deliveries that was higher than its official target of 700, but investors have welcomed indications that it is sticking to the underlying goal after resolving supply chain problems. Airbus shares rose 0.3 percent on Wednesday.

Airbus chief operating officer and planemaking president Fabrice Bregier told French newspaper Les Echos this week that Airbus would deliver more than 700 aircraft in 2017, marking a new production record as engine delivery shortfalls ease.

For new business, Airbus reported 388 orders for the first 11 months or a net total of 333 after cancellations.

It is seen unlikely to catch up rival Boeing in the 2017 order race but is on course to post more orders than deliveries for the eighth year if it can finalize a record order for 430 jets announced at the Dubai Airshow last month.

Airbus started the year warning the ratio of net orders to deliveries or book-to-bill ratio would fall below 1 in 2017 for the first time since 2009. But it has seen higher-than-expected demand for single-aisle jets, while finding itself outsold more than three to one by Boeing...

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