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Airbus on track to deliver more planes than Boeing in 2003: EADS


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#1 NewsLynk

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Posted 05 December 2003 - 01:28 AM

Airbus on track to deliver more planes than Boeing in 2003: EADS

MUNICH, Germany (AFP) Dec 04, 2003
European aircraft maker Airbus expects to deliver more planes this year than its US rival Boeing and to remain the market leader for the coming six to 10 years, EADS chairman Rainer Hertrich said.
"I think we will be just ahead of Boeing for the next six to eight years, maybe even next 10 years, with as much as 60 percent of the market compared with 40 percent" for the US company, said Hertrich in comments made late Wednesday but which were under a press embargo until noon Thursday.

Hertrich stood by previous forecasts that Airbus, which is 80 percent owned by the European Aeronautic, Defense and Space company, would deliver 300 airplanes compared with 280 for Boeing.

Airbus would then probably deliver about the same number in 2004 and 2005 thanks to demand for its new A380 super-jumbo, for which the company already has 129 orders.

Boeing, which has long dominated the market, has hit turbulence recently with the resignation of its chairman Phil Condit a week after its top finance executive was fired for breaking ethics rules.

"Boeing is not dead and never to be underestimated," Hertrich told reporters here Wednesday.

Hertrich also stood by a medium-term goal at EADS to hike annual group sales to 40 billion euros (48.5 billion dollars) from about 30 billion euros currently, adding the "growth driver will be the armaments business".

The comments propelled EADS shares -- which have risen 102 percent since the beginning of the year -- on the Paris stock market.

EADS shares were showing a gain of 2.68 percent at 19.90 euros while the CAC 40 index of leading French stocks declined 0.51 percent.

"Their order book is well-stocked," said one trader in Paris. "And there are not a lot of stocks like EADS listed in Europe."

"The momentum is good for EADS at the moment, and people are looking out for growth stocks in general right now," the trader added.


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#2 seanus

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Posted 02 January 2004 - 08:33 AM

2003 marked the year when EADS passed Boeing to become the world largest .
The EU company will have delivered 293 planes against some 260 for Boeing.
Airbus industry has a 65% of the market share for commercial aviation .
The exact figures in Euro/ dollar amount will be given in mid january.
Allready, commands for it's new jumbo carrier, the A380
are doing well.
S.
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