Today, from the British newspaper, The Telgraph:
Boeing surrenders crown of world’s biggest plane maker to Airbus after 737 Max crisis
Airbus has trounced Boeing to become the world’s biggest aircraft maker as the US aerospace giant continues to grapple with the fallout from the grounding of its 737 Max jet.
The European company delivered 863 planes in 2019, against just 345 deliveries by its American rival.
Shares in Airbus rose almost 4pc after the figures were released. They were ahead of the 860 shipments the firm had forecast in October when it trimmed projections because of production problems.
It is the first time since 2011 that Airbus has overtaken its US competitor.
Deliveries by Boeing more than halved from the previous year’s 704 following a safety scandal over the 737 Max..
The company has taken orders for about 5,000 of the bestselling jets, 400 of which have been turned out from its production line in Seattle since the model launched in 2017.
Because of the grounding Boeing is unable to deliver the 737 Max to customers, resulting in them piling up around the plant - with photos showing dozens stored in a staff car park.
The majority of Boeing's deliveries in 2019 were larger, wide-body models as a result. Other planes made by the firm include the 747 Jumbo used for long-haul flights around the world.
Boeing has taken an almost $10bn (£7.6bn) hit relating to costs from the grounding, including compensation payments to airlines that have been unable to take delivery of the aircraft. Its shares have fallen by about a quarter.
https://www.telegraph.co.uk/business/20 ... rbus-737/