Still flying

13 November 2007 By Pierre Briancon

The FrenchGerman aircraft maker will surpass Boeing this year for orders and deliveries. The shares barely moved on the news. The company still has to a long way to go before investors give it as much trust as customers.

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Airbus, the European aircraft manufacturer, said on Tuesday it expects
at least 290 plane orders from the Dubai Air Show, which will help push
it ahead of archrival Boeing for the total tally of planes ordered
this year, as orders worth about $85billion have already been
announced so far this week for both companies. Orders since the
beginning of the year currently stand at 1,280 for Airbus compared with
1,136 for Boeing.

Dubai Aerospace Enterprise, formed less than two years ago, said on
Monday it would buy 100 planes each from Boeing and Airbus worth over
$26 billion as it launches a new aircraft leasing company from
scratch. Emirates Airlines on Sunday ordered $23.4 billion of aircraft
from Airbus and Boeing Co,
with options for 50 more planes, valuing the total potential order at
almost $35 billion.

Airbus also announced on Monday that it would sell doubledecker A380
outfitted as a flying palace to Saudi prince and financier Alwaleed bin
Talal, who is currently using a Boeing 747 for his private use.

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