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Airbus: New Orders in 1988 Of Nearly $7 Billion

January 7, 1989

PARIS (AP) _ Airbus Industrie announced Friday that it received firm orders for 161 passenger planes in 1988 valued at almost $7 billion.

In a statement issued by the European aircraft consortium, Chairman Jean Pierson said the sales were ″totally in line with, and even better than, what I had forecast at the beginning of 1988.″

A breakdown showed that the new orders covered 45 of the group’s widebodied A300 and A310 jets, and 116 of its single-aisle, twin-engine A320 planes.

In addition, new commitments for 13 of its A340 and A330 jumbo jets that are currently under development were recorded during the year.

Deliveries by the consortium in 1988 totaled 61 jets, including 45 widebody jets and 16 A320s. The planes were valued at about $2.7 billion.

The delivery schedule for 1989 includes 48 widebody planes and 65 A320s for an unspeciifed value.

Airbus said its firm order book totaled 512 widebodied jets and 74 of its A320s at the end of 1988.

The consortium is made up of Aerospatiale of France, Messerschmitt, Boelkow-Blohm of West Germany, British Aerospace PLC and Construcciones Aeronauticas SA of Spain. It didn’t provide figures for sales, deliveries and firm orders for 1987.

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