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Plane and simple: Airbus is still out-delivering Boeing

Plane and simple: Airbus is still out-delivering Boeing

Higher plane

Airbus flew further ahead of Boeing last year for commercial aircraft deliveries, reporting 735 plane shipments and receiving a record 2,094 net orders; its closest rival in the air space, on the other hand, delivered just 528 units, with the plane-maker still suffering from a string of incidents involving its flagship Max models — not least the recent mid-air cabin panel blow out in January.

To compound Boeing’s woes, Airbus also forecast 800 deliveries in 2024: almost certainly enough to see it retain the top manufacturer spot for the 6th consecutive year, after the fatal 737 Max crashes of 2018 and 2019 saw the Boeing jets grounded worldwide for 20 months and orders wane.

Turbulence

Even though the European aviation giant is extending its lead over its American counterpart, the skies haven’t been completely clear for Airbus either. Indeed, CEO Guillaume Faury described the company’s supply chain as a “world of bottlenecks”, suggesting that Airbus might struggle making headway on its mounting backlog of ~8,600 commercial aircraft orders for some time.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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