Airbus Gains Altitude

The European jetmaker flies higher on widebody orders and faster-than-expected cost-cuts. But exchange rate and development woes cloud the skies
Airbus Chiefs Announce Annual Results Pascal Parrot/Getty Images

It's been a long time since Airbus has had better news to deliver than Boeing BA. But on Jan. 16, as the U.S. jetmaker was acknowledging additional delays on its new 787 Dreamliner (, 1/15/08), Airbus reported logging a record 1,341 orders and 453 airplane deliveries in 2007, while making better-than-expected progress on cost reductions.

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