Airbus posts record deliveries in 2017

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Airbus has announced plans to scrap production of its A380 superjumbo if it receives no more orders.

In a statement, Airbus commercial aircraft chief operating officer John Leahy said the new pricing shows continuous investment to maximise customers' satisfaction.

He said talks with Emirates were ongoing and that he was hopeful a deal would be worked out.

"The market is strong with the recovery in the global oil prices, reaching close to US$70 per barrel".

Airbus ended 2017 with a net order deficit of two A380s, while Boeing also recorded a net deficit of two 747-8s.

Mr Bregier said Airbus will speed up production in the coming year, notably of its long-delayed widebody A350, and hopes to out-deliver Boeing by 2020. The company has delivered over 200 of the double-decker aircraft, with 95 still on its order book, far below the 1,200 it expected when the aircraft was introduced in 2005. "You are not going to double the number of planes going to Heathrow or Frankfurt. if people want to fly, they will need to fly in bigger aircraft".

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The company said the program's future depends on Emirates, describing it as the only airline that has the ability to order enough planes to keep it running.

Airbus has now outsold Boeing for six straight years, encouraging the company to predict that it's just a few more away from also out-delivering its Seattle-based competitor, something last achieved in 2011.

"The economy is firing in a right direction, which telling us that the air traffic should be about seven per cent growth or about 35 billion of industry profit in 2017", he added.

Airbus said 718 aircrafts were delivered to 85 customers globally.

European aircraft maker Airbus on Monday released sales results for its 2017 fiscal year. The company has now enjoyed 15 consecutive years of increasing production of its airliners.

558 single-aisle A320s (including 181 A320neos), 67 A330s, 78 A350 XWBs and 15 A380s. By the end of the year, its total order backlog stood at 7 265 aircraft, worth $1.059-trillion at list prices.