Airbus delivered record number of planes in 2017

Deliveries were more than four percent higher than the previous record of 688 set in 2016

Airbus achieved 1,109 net orders from 44 customers during the year - representing a book-to-bill ratio of 1.5. Boeing delivered 763 aircraft past year, beating its own 2015 record by one. Airbus posted 1,229 gross or unadjusted orders compared with Boeing's 1,053.

Plane making chief Fabrice Bregier said engine supplier Pratt & Whitney had turned the corner on delays that had disrupted single-aisle aircraft output, and predicted close to 800 deliveries in 2018.

'A new Airbus delivery record coupled with our fourth best order intake wraps up a remarkable year for us.

Chief operating officer for customers John Leahy, during the briefing, said the market was "challenging" for both Airbus and Boeing in the high-capacity sector.

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In the wide-body or long-haul segment, by contrast, Airbus saw its market share against Boeing slump to 25 per cent from 51 per cent the year before. At the end of 2017 Airbus' overall backlog stood at 7,265 aircraft valued at slightly more than $1 trillion at list prices.

Airbus Commercial Aircraft, the airliner manufacturing arm of European aerospace giant Airbus Group, announced on Monday that a year ago it had set a new company record for annual deliveries of aircraft.

In the last month of 2017 Airbus booked 776 aircraft sales net of cancellations, including a $50 billion deal for 430 narrow-body aircraft initially announced in November at the Dubai Air Show.

"But I'm hopeful that we work out a deal with Emirates", Leahy said. The company has now enjoyed 15 consecutive years of increasing production of its airliners.

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