This report does not constitute a rating action. At the end of March 2025, it had 8,726 civil aircraft on order, corresponding to about 11 years of deliveries based on the 2024 rate. This compares with a backlog of just over 5,600 units for its main competitor Boeing Co. Airbus? order book is supported by positive momentum in global air passenger traffic, especially in Asia-Pacific. However, the ramp-up in production remains constrained by suppliers of parts not being able to deliver on time, which is resulting in production delays. Airbus' helicopters segment, with an order book of 942 units (about 2.5x 2024 deliveries), also offers good growth prospects. We expect that Airbus will maintain its leading position as a manufacturer
