PARIS: European aerospace giant Airbus overtook its arch-rival Boeing in terms of aircraft orders last year, but still lagged behind it in terms of deliveries, according to new data published on Monday.
Airbus said in a statement it booked 1,109 aircraft orders and a record 718 deliveries in 2017.
By comparison, US rival Boeing booked 912 orders and 763 deliveries.
“Airbus’ commercial aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new company record of 718 aircraft delivered to 85 customers,” Airbus said.
“Deliveries were more than four percent higher than the previous record of 688 set in 2016.”
At the end of 2017, Airbus’ overall backlog stood at 7,265 aircraft valued at $1.059 trillion (867 billion euros) at list prices, the company said.
“A new Airbus delivery record coupled with our fourth best order intake wraps up a remarkable year for us,” said chief operating officer, Fabrice Bregier.
Airbus flies past Boeing in aircraft orders in 2017
Airbus flies past Boeing in aircraft orders in 2017
Closing Bell: Saudi main index closes in red at 10,414
RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06.
Total trading turnover on the benchmark index reached SR3.46 billion ($920 million), with 123 stocks advancing and 134 declining.
The Kingdom’s parallel market Nomu also shed 41.61 points, or 0.18 percent, to close at 23,428.67.
The MSCI Tadawul Index edged down 0.45 percent to 1,368.36.
Arabian Drilling Co. was the best-performing stock on the main market, with its share price rising 6.8 percent to SR102.90.
Naqi Water Co. gained 4.30 percent to SR58.25, while Saudi Ground Services Co. advanced 3.78 percent to SR38.42.
Tihama Advertising, Public Relations and Marketing Co. saw its share price fall 4.95 percent to SR16.31.
AlAhli REIT Fund 1 also declined 3.53 percent to SR6.29.
On the announcements front, United Mining Industries Co., listed on the parallel market, said it has begun commercial production of gypsum board at its plant in Yanbu.
In a Tadawul statement, the company said the financial impact of the project’s commercial production will be reflected in the first quarter of 2026.
United Mining Industries Co.’s share price was unchanged, closing at SR42.54.
Dkhoun National Trading Co. said its shareholders approved the board’s recommendation to distribute interim dividends on a semi-annual or quarterly basis for 2025.
According to a Tadawul statement, shareholders also approved transferring the balance of the company’s statutory reserve, valued at SR2.43 million, to retained earnings.
Dkhoun National Trading Co.’s shares saw no trades and closed at SR65.
