Airbus Gets a Much-Needed A330neo Order

Airbus (OTC: EADSY) has navigated the COVID-19 pandemic with much greater ease than top rival Boeing (NYSE: BA). The European plane maker has consistently delivered dramatically more commercial aircraft than its American counterpart, and its backlog advantage over Boeing has grown.

That said, Airbus' wide-body lineup has remained a weak spot: particularly the A330neo. Fortunately, the company landed a new A330neo order last week, which will buy it much-needed time to shore up its backlog.

Last year, Airbus delivered 566 commercial jets. Meanwhile, Boeing handed over just 157, as the 737 MAX wasn't recertified for commercial service in any markets until near the end of the year. While the 737 MAX has now been approved to return to service in 175 countries -- with China and Russia being the notable holdouts -- it hasn't helped the U.S. aerospace giant much so far. Airbus delivered nearly twice as many commercial jets as Boeing in the first half of 2021.

Source Fool.com