Airbus 2014 Annual Report Download - page 50
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Please find page 50 of the 2014 Airbus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.AIRBUS
1,456
NET ORDERS
67
CUSTOMERS
629
DELIVERIES
• Ensure A350 XWB smooth entry into service
with first customers; ramp-up production in line
with target rate of 10per month in 4 years.
• Ensure A320neo first delivery by the fourth
quarter of 2015.
• Validate design and advance industrial process
for A330neo.
• Secure a smooth industrial transition between
A330ceo and neo versions.
• Deliver extended range A330 242 tonne
to first customers.
KEY PRIORITIES
for 2015
STRONG MOMENTUM
Airbus continued to see strong commercial momentum in
2014, while achieving a record number of deliveries and
making good progress on its key development programmes.
In 2014 Airbus achieved its second best year ever in terms
of aircraft orders, with 1,796 gross orders booked (1,456
net) from 67 customers. Thanks to these new orders, the
backlog climbed to a new industry record of 6,386 aircraft
(2013: 5,559), valued at €803.6 billion at list prices (2013:
€625.6 billion).
In terms of aircraft deliveries, Airbus surpassed its previous
record with 629 aircraft delivered in 2014. This achievement
meant that Airbus’ aircraft deliveries in 2014 were up for the
13th year in a row.
Revenues rose by 7% to €42.3 billion (€39.5 billion in 2013),
driven by a slight increase in deliveries and a more favour-
able delivery mix with higher A380 deliveries. EBIT* before
one-off increased to €2.5 billion (€2.2 billion in 2013). The
increase reflects operational improvement despite higher
research and development expenses.
Industrially, the year’s outstanding achievement was the com-
pletion of A350 XWB testing and certification, culminating in on-
time delivery of the first aircraft for Qatar Airways on 22 Decem-
ber 2014. Meanwhile, the A320neo programme advanced on
schedule, following the aircraft’s first flight in September 2014.
2014 also saw the launch of the A330neo, incorporating the
latest generation engines, aerodynamic enhancements and
optimised cabins to offer a 14% improvement in fuel efficien-
cy per seat. Within six months of its launch, the A330neo
had already received 120 firm orders. Deliveries of the
A330neo are due to start in Q4 2017.
ROBUST SINGLE-AISLE DEMAND
Demand for single-aisle aircraft remained buoyant. The
A320 family won a total of 1,545 gross orders (1,321 net),
representing 56% of total gross orders in the global single-
aisle market. Of these orders, 1,041 gross (1,011 net) were
for A320neo, 504 gross (310 net) were for the current
engine option (ceo) version.
Airbus delivered 490 A320 family aircraft during the year. At
year end, the single-aisle backlog stood at 5,129 aircraft,
comprising 1,508 A320ceo and 3,621 A320neo aircraft.
A320 production is being ramped up to a rate of 50 per
month from 2017 onwards.
In March 2014, Airbus and its Chinese partners signed a
ten-year extension to their Joint Venture agreement that as-
sembles A320 aircraft in China. This new agreement covers
the period from 2016 to 2025, expands deliveries to the
whole Asian region and includes final assembly of the
A320neo family from 2017 onwards.
The A320neo programme remained on schedule following
the first flight in September 2014, with certification planned
in Q3 2015 and first deliveries in Q4 2015. Thanks to new,
optimised seating options, A320neo family aircraft are now
expected to offer even better fuel efficiency than originally
targeted, at 20% lower fuel burn per seat compared to the
previous generation. With further improvements in engine
performance, the fuel burn per seat is expected to be up to
23% lower by 2020.
WIDEBODY STRATEGY ENDORSED
In 2014, Airbus received a clear endorsement for its wide-
body strategy, with Delta Airlines’ decision to select the
A330neo for its transatlantic services and the A350 XWB
for its transpacific routes, placing a firm order for 25 of
each aircraft.
The teams in Airbus not only
delivered on, but exceeded
their targets
Fabrice Brégier
Airbus Chief Executive Officer
ANNUAL REVIEW 2014
48
03 BUSINESS EFFICIENCY