The Latest: Airbus says it outsold Boeing in 2017

FILE - In this June 18 2015 file photo, vapor forms across the wings of an Airbus A380 as it performs a demonstration flight at the Paris Air Show, Le Bourget airport, north of Paris. Airbus sAys it will stop making its costly A380 superjumbo if it can't strike a long-term deal with Emirates airline for a steady supply of the planes. (AP Photo/Francois Mori, File)

PARIS — The Latest on Airbus (all times local):

9:50 a.m.

Airbus says it sold more than 1,100 planes last year, outselling rival Boeing thanks to a raft of end-of-year deals and a growing global economy and travel demand.

The European planemaker reported Monday that it delivered 718 planes in 2017, fewer than Boeing's 763 but a record for Airbus. Outgoing CEO Fabrice Bregier said Airbus will speed up production in the coming year, notably of its long-delayed widebody A350, and hopes to out-deliver Boeing by 2020.

Bregier acknowledged "challenges" ahead but called them "manageable."

Airbus is facing multiple corruption investigations, notably in Britain, France and Austria. And its chief salesman said Monday that Airbus will abandon its high-profile superjumbo A380 if it can't strike a long-term deal for the plane with airline Emirates.

___

9:35 a.m.

Airbus says it will stop making its costly A380 superjumbo if it can't strike a long-term deal with the airline Emirates for a steady supply of the planes.

Airbus chief salesman John Leahy told reporters Monday that "if we can't work out a deal with Emirates, there is no choice but to shut down the program."

He said the airline is "the only one who has the ability" to commit to a minimum of six planes a year for a minimum of eight to 10 years, which Airbus needs to make the program viable.

The double-decker A380 drew worldwide attention when launched a decade ago but has long met questions as to whether it could generate enough demand.

The announcement came as Airbus announced it sold 1,109 planes year, outstripping rival Boeing thanks to a raft of end-of-year deals.

Related News

Historic recognition: Washington's family tree is biracial

Sep 17, 2016

The National Park Service and Mount Vernon are acknowledging history not included in most textbooks: America's first family tree has been biracial from its early branches

Lights out at Vegas' Rio casino forces 900-room evacuation

Dec 30, 2016

The Rio casino in Las Vegas is scrambling to find alternate lodging for guests after a power outage led to the evacuation of 900 rooms just before the busy New Year's Eve weekend

Obama speech marks unofficial countdown for black Americans

Jan 11, 2017

President Barack Obama's farewell speech in Chicago has resonated for many African-Americans who have basked in the era of the first black president

Search

Welcome to The Zig Zag World. This travel blog will help you to make the most out of your travel time with interesting destination guides. Our paths will definitely cross some day as we zigzag around the world.

Contact us: sales@thezigzagworld.com