Airbus to challenge Boeing

Airbus chief Fabrice Bregier says the European aircraft maker will overtake its US rival Boeing to become the world's biggest producer within four or five years, in an interview with a German Sunday newspaper.

Airbus chief Fabrice Bregier says the European aircraft maker will overtake its US rival Boeing to become the world's biggest producer within four or five years, in an interview with a German Sunday newspaper.

Mr Bregier told Welt am Sonntag that Airbus would step up production through its new A320Neo and long-haul A350 models.

"In 2017-18 we will therefore again be able to gain the lead also in deliveries," the Airbus chief executive said according to an extract of the interview to appear in German in Sunday's edition.

Airbus will deliver more than 600 aircraft this year and more next year, he said, adding that in terms of orders, it would also beat its target.

"2013 is becoming an excellent year for Airbus," Mr Bregier said.

Airbus last week announced a $US9.5 billion ($10.07 billion) deal with Japan Airlines, its first jet order from the carrier, challenging Boeing's dominance in the Japanese market as it struggles with the troubled Dreamliner.

The fuel-efficient aircraft, marred by years of production delays, faced a global grounding order in January after lithium-ion batter-ies overheated on two different planes, with one of them catching fire while the aircraft was parked.

Mr Bregier also criticised the comfort of the 787 Dreamliner, telling Die Welt newspaper he had seen a cabin with nine seats in a row.

"For me it's clear that as a passenger I wouldn't like to sit 12 hours long in there," he said.

Referring to the Dreamliner's technical problems, he said he expected the commissioning of the A350 to "run much smoother".

Like Boeing's Dreamliner, the Airbus A350 is to be made mainly of lightweight composite materials to save fuel, which can currently account for more than half of overall airline operating costs.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles