 |
The A380
superjumbo has raised Airbus'
profile |
EADS, the majority-owner of Airbus, has seen
first-half profits more than double to 816m euros thanks to increased plane
deliveries.
Airbus, which is 80% owned by EADS and 20% owned by BAE Systems, saw
sales rise 12% to 11.26bn euros.
Plane deliveries for the six months reached 189, up from 161 in the
year-ago period, with EADS forecasting 360 deliveries for the whole of
2005.
EADS said it expected a "strong" performance for the full year.
"EADS is set to deliver strong group-wide performance for the full
year," said co-chief executives Noel Forgeard and Tom Enders in a joint
statement.
Meanwhile, the company's helicopter division Eurocopter recorded a 42%
increase in operating profits.
Airbus announced a strong batch of orders at the Paris Air Show
in June, although sales were tilted towards single-aisle aircraft rather
than wide-body planes which are more lucrative
.
In Europe the trend is good, and it is excellent in the Middle East. It
is even better in Asia-Pacific, with its huge long-term traffic growth
potential
This, Airbus said, was due to the budget constraints of low-cost
airlines.
Production of the smaller jets will increase to 30 a month next year,
up from 26 currently.
Meanwhile, EADS said higher research & development costs for the
cargo version of its A380 superjumbo would weigh on the second half of the
year.
"The commercial aircraft market continues to improve," EADS said. "In
Europe the trend is good, and it is excellent in the Middle East. It is
even better in Asia-Pacific, with its huge long-term traffic growth
potential."
Airbus is currently embroiled in a World Trade Organisation dispute
with US rival Boeing.
The US has accused Airbus of receiving illegal state aid. The European
Union has filed a counter complaint against Boeing, arguing that tax
breaks and grants received by the firm are "prohibited and actionable".
Boeing has long been the dominant supplier of commercial aircraft and
the leading export company in the US, but in recent years its dominance
has been challenged by Airbus.
The current escalation of problems seems to have been fuelled by
Airbus' growing competitiveness and its ambitions for the A380.
At the Paris Air Show, Airbus announced that it had overtaken Boeing in
terms of new orders, as it unveiled its Airbus 380 to the public for the
first time.
(BBC) |