Airbus Tops Boeing In Orders

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In turn, Airbus has developed its production facilities on an global scale to increase capacity and remain even closer to customers.

Airbus delivered a record number of planes past year, while its orders were higher than US rival Boeing.

Both manufacturers saw new business dwindle previous year as demand ebbed after a decade-long buying spree that's built up record backlogs. It was the European plane maker's lowest total since 2010, the same as Boeing. But many airlines are now moving towards more fuel efficient planes.

Last week, Boeing confirmed orders of 668 planes throughout the year, down 13 percent on 2015 when net orders reached 768. The leasing arm of China's Bank of Communications has agreed to buy that number of jets, Reuters has reported.

"We could probably add close to 50 seats, optimizing the cabin layout whilst keeping the unique features of the cabin and comfort", said CEO Fabrice Bregier.

The plane is the first of 100 ordered from Airbus following a deal reached in 2015 between Tehran and world powers to lift sanctions against Iran in return for curbs on the country's nuclear activities.

Leahy said that though deliveries this year will climb above 700, the book-to-bill figure is likely to be less than one, implying that orders may fall again.

In fact, Republican politicians in the U.S. Congress have pledged to block a separate deal between Boeing and Iran Air calling for delivery of fifty 737 Max 8s, fifteen 777-300ERs and fifteen 777-9s valued at $16.6 billion at list prices.

This article was written by Benjamin Katz from Bloomberg and was legally licensed through the NewsCred publisher network.

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