PARIS - Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program and clearing its books of some defunct deals left over from a faltering industry order boom.
The figures put Airbus on course to beat Boeing in both orders and deliveries for the first time since 2011 as Airbus’s U.S. rival grapples with a crisis over its grounded 737 MAX.Airbus used the opportunity of a stronger than expected year attracting new business to rid its books of dozens of old orders deemed unlikely to come to fruition.
Airbus data brought the 2019 book-to-bill ratio - or the ratio of net orders to deliveries - to 0.89, the lowest level since the financial crisis in 2009.
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