Airbus cancellations outweigh sales in Sept

Airbus sold two aircraft but received four cancellations in September, thinning the number of net new orders so far this year to 123 aircraft from 125 at the end of August, company data showed yesterday.
Gross orders before any adjustment for cancellations reached 149 planes, boosted by the previously reported sale of two A330 cargo planes to Turkish freight carrier MNG Airlines.
September’s cancellations included three narrow-body planes cancelled by Kingfisher Red, a low-cost arm of India’s Kingfisher Airlines formerly known as Deccan Aviation, and a wide-body A330-200 cancelled by Guggenheim Aviation Partners, according to a Reuter`s analysis of monthly data.
Airbus is the world’s largest planemaker ahead of Boeing and is owned by European aerospace group EADS.
Boeing says it received 170 new orders between Jan. 1 and Sept. 29 but heavy cancellations, mainly of its delayed 787 Dreamliner, held the number of net orders at 79 aircraft.
Orders at both suppliers are down sharply this year.
Airbus said it had delivered 38 planes in September, bringing the total number of deliveries this year to 358.
September deliveries including one more A380 to Singapore Airlines, the superjumbo’s launch customer.
Airbus last month reduced its forecast for A380 deliveries in 2009 to 13 from 14 after agreeing to push a further Singapore Airlines plane into 2010 a move that analysts said benefited both sides due to weak demand and pressure on production.
It has delivered six of the $327 million airplanes so far this year, leaving it with seven to deliver in the fourth quarter to meet its latest delivery goal for the world’s largest airliner.
Airbus aims to match last year’s record total of 483 deliveries for all types of aircraft in 2009.
Aircraft manufacturers get the bulk of their revenues when they deliver planes, often several years after receiving orders to build them due to long waiting lists for new aircraft.

Pic: Airbus 380