Airbus overcomes slow start, delivers 766 jets in 2024
Last Updated: Jan 09, 2025, 11:44:00 PM IST
Airbus SE delivered 766 aircraft in 2024, just below its 770 target. The A321neo model constituted 60% of these deliveries. Airbus also secured 826 net orders, bringing its backlog to 8,658 planes. The company considers 2024 a good year despite a challenging environment, according to Christian Scherer, the CEO of Airbus's commercial aircraft unit.
Airbus SE came within striking distance of its aircraft delivery target for 2024 by handing over 766 aircraft, the highest rate in six years as customers continue to refresh their fleets with more fuel-efficient aircraft like the A321neo model.
ET Year-end Special Reads Buying a home in 2025? Here's how property market can shape up 18 top stock picks for 2025 from 6 leading brokers Five big bangs that shook the corporate world in 2024 The figure was just shy of a 770-aircraft target, a goal that looked unlikely for months last year as the planemaker struggled to ramp up output.
Airbus's A321neo jetliner accounted for 60% of its narrowbody deliveries, cementing the model's lead as the world's bestselling aircraft.
Airbus also recorded 826 net orders last year, taking its backlog to 8,658 planes.
"Given the complex and fast-changing environment we continue to operate in, we consider 2024 a good year," Christian Scherer, the chief executive officer of Airbus's commercial aircraft unit, said in the statement.
Tata Motors Passenger Vehicles is planning to invest Rs 37,500-40,000 crore over the next five years, up to FY31, as it targets a bigger production base, more models and annual sales of over 1.2 million units. ET also reported that the company wants revenue to cross Rs 6 lakh crore by FY31 with a 10 percent EBIT margin, with EVs and CNG models doing much of the heavy lifting. For buyers, the story is less about balance-sheet ambition and more about what kind of cars Tata wants to sell next.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Toyota has started deliveries of the Urban Cruiser Ebella electric SUV in India, turning the model from launch headline into a real-world ownership story. The top-spec E3 is priced at Rs 23.60 lakh ex-showroom, while Toyota is also offering a Battery-as-a-Service route that lowers the entry price to Rs 15.25 lakh and charges Rs 4.99 per km for battery use. For EV buyers, this is the point where Toyota’s first mass-market electric SUV begins proving itself on the road.
