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Airbus bests Boeing in 2007 aircraft deliveries, lags in orders

Airbus announced Wednesday that it beat rival Boeing in 2007 deliveries but trailed it in new orders.

Airbus said it delivered 453 planes to Boeing's 441 in 2007, according to a company statement. Meanwhile, Boeing (NYSE: BA) bested European-based Airbus in 2007 net new orders, 1,413-1,341. Airbus' 2007 delivery total was up 19 from 2006's 434. Airbus said it expects to deliver 470 planes in 2008.

"2007 was a challenging year but also successful year for Airbus," Airbus President and CEO Tom Enders said. "We were successful in the market and mastered the industrial challenges of the production ramp up, the timely delivery of the first A380, and the implementation of the Airbus Power 8 turn-around program. 2008 will be as challenging on all fronts. But I am sure that, with the dedication of our people and all involved, we shall master them. On the commercial side, I anticipate that our order intake will be above our deliveries."
Delay city

Airbus has been plagued by a series of production setbacks as it rolls-out two new commercial aircraft deemed critical to the aerospace giant's early 21st century aviation strategy: the 500-seat A380 superjumbo jet and the A350.

Continue reading Airbus bests Boeing in 2007 aircraft deliveries, lags in orders

Delta delays Comair sale as it weighs strategic options

Delta Air Lines (NYSE: DAL) Monday said it is continuing to review strategic options and that it did not expect an "immediate" sale of its regional jet service Comair, Reuters reported.

Delta's shares fell 21 cents to $13.18 in mid-day Monday trading.

Delta (NYSE: DAL) has considered a sale of Comair since exiting bankruptcy in April 2007. Along with a company restructuring and an evaluation of Comair's operation, Delta is exploring strategic options, including joint ventures or mergers.

Last fall, Delta and United Airlines (NASDAQ: UAUA) denied that they had held merger talks after a hedge fund Paradus Capital Management LP recommended that they merge.

Continue reading Delta delays Comair sale as it weighs strategic options

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S&P 500+5.501,098.51

Last updated: November 12, 2009: 04:41 AM

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