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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
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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.

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