Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Airbus targets 700 commercial airplane orders this year - sources

Published 18/04/2016, 11:06
© Reuters. Airbus logo is pictured on an engine during the delivery of the first series-production LEAP-1A propulsion systems by Aircelle for the A320neo aircraft Airbus family in Colomiers near Toulouse
AIR
-

PARIS (Reuters) - Airbus has told aircraft industry experts that it expects to win 700 orders this year, industry sources said.

Airbus executives mentioned the target at a meeting of aircraft value appraisers in Toulouse last week, they said.

A spokesman for the European planemaker declined to comment.

In its latest official guidance, parent Airbus Group (PA:AIR) says it expected orders to exceed deliveries of more than 650 aircraft in 2016.

© Reuters. Airbus logo is pictured on an engine during the delivery of the first series-production LEAP-1A propulsion systems by Aircelle for the A320neo aircraft Airbus family in Colomiers near Toulouse

Airbus sold a gross total of 32 aircraft and delivered 125 in the first quarter, down 74 percent and 7 percent respectively from the same period last year. After adjusting for cancellations, it posted 10 net orders in the quarter, its slowest start to the year since 2011.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.