Aircraft
Airbus Projects Orders To Exceed Deliveries
Airbus plans to deliver between 520 to 530 commercial aircraft this year and the company projects its gross orders to exceed deliveries, resulting in a boo

Airbus plans to deliver between 520 to 530 commercial aircraft this year and the company projects its gross orders to exceed deliveries, resulting in a book-to-bill ratio of greater than one. The projection came as EADS released its year-end financial figures for 2010 today in Munich, where the European consortium noted that last year’s order intake increased 81 percent, to €83.1 billion ($115.8 billion), driven largely by Airbus Commercial. All told, revenues increased 7 percent, to €45.8 billion ($63.8 billion), on record deliveries of 510 commercial aircraft. Net income rose to €553 million ($770.8 million) and the company finished the year with a record net cash position of €11.9 billion ($16.6 billion).

EADS expects 2011 revenues to exceed those of last year, while it expects EBIT before one-off to remain stable compared with the 2010 level, at around €1.3 billion ($1.8 billion).