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Airbus aims to overtake Boeing on aircraft output rates by 2020, CEO says

Oct. 17, 2016 10:33 AM ETAirbus SE (EADSF) StockBA, EADSY, EADSFBy: Carl Surran, SA News Editor4 Comments
  • Airbus (OTCPK:EADSF, OTCPK:EADSY) CEO Fabrice Bregier says he plans to overtake rival Boeing (BA +0.6%) in terms of annual plane deliveries by 2020.
  • The CEO also says Airbus hopes to deliver 50 A350 aircraft this year, although deliveries by the end of September totaled only 26.
  • While Airbus has been leading in terms of new orders for years, Boeing has been ahead since 2012 in terms of deliveries.
  • Separately, Airbus recently delivered its 10,000th aircraft, a wide-body A350 XWB to longtime customer Singapore Airlines, 42 years after delivering its first plane.

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