Another very strong air show business performance by Airbus has further confirmed the airline industry’s comeback, leading to an upward revision in the company’s forecast for 2010 orders and the potential for future increases in jetliner production rates.
Reviewing the 133 firm orders and 122 commitments announced by Airbus during this week’s Farnborough International Airshow, President and CEO Tom Enders said these new bookings were higher than anticipated. They confirm the recovery trend seen during the past several months – both in passenger traffic flow and air freight volume, Enders added.
“As a result of this air show – and the trend of the previous months – we will certainly set a new target for our sales this year, and certainly will consider a further increase in production rates in the coming months,” Enders told journalists during Airbus’ wrap-up press conference at Farnborough today.
Firm orders at Farnborough were for 116 A320 Family aircraft and 17 A330s. In addition, memorandum of understanding agreements were announced for 90 A320 Family jetliners, along with 15 A350 XWBs and 17 A330s.
These orders and commitments came from airline customers in the world’s key markets: North and South America (LAN Airlines and Virgin America); Asia/Pacific (Garuda, Hong Kong Airlines and Thai Airways International); Europe (Germania) and Russia (Aeroflot).
In addition, large firm orders were placed by two major U.S.-based leasing companies: Air Lease Corporation and GE Capital Aviation Services.
“The recession is definitely over,” said John Leahy, the Airbus Chief Operating Officer – Customers. “And there’s no wonder why the airlines, and especially the leasing companies, are placing orders: liquidity is back in the market, traffic is back in the market, and GDP growth is back. It looks like we’ve turned the corner, and that’s why we’re seeing strong growth.”
Airbus’ commercial performance at the Farnborough Airshow followed its success at last month’s ILA Berlin Air Show, during which 32 A380s were ordered, along with the announcement of memorandum of understanding for 35 single-aisle and widebody Airbus aircraft.
• See highlights from the wrap-up press conference in the Airbus video gallery