![]() ![]() Over the last decade, the Airbus Group invested an amount fluctuating around 3.5 billion euros in research and development (R&D) each year, with a slight decrease to 2.86 billion euros in 2020. Single aisle, A330, and A350 are the most deployed Airbus aircraft in use. As of March 2021, over 12,000 Airbus aircraft were in operation worldwide. However, due to the coronavirus pandemic, the aircraft manufacturer reported only 49.9 billion euros in 2020. For instance, during that period, the Airbus Group increased its revenue streams by roughly 80 percent, reaching over 70 billion euros in 2019. Despite all economic downturns between 20, Airbus Group managed to grow at a rapid rate by improving its business operations and generated more and more revenue each year. Through expansive business strategy and high investment into corporate strategy, the company developed a resilient business with high-growth potential. Boeing was the second leading manufacturer of aircraft in that year, followed by Canadian Bombardier Aerospace and Brazilian Embraer.įounded in 1970 in France, Airbus Group became a European multinational corporation in the aerospace industry. In the fiscal year of 2020, Airbus was the largest aircraft manufacturer in terms of revenue and number of aircraft deliveries. This market is expected to shrink by about 100 billion U.S. Yet, the aviation industry is perhaps the worst hit by the coronavirus (COVID-19) pandemic. ![]() Until 2019, the size of the global commercial aircraft manufacturing industry expanded continuously. Over time, this industry evolved into becoming one of the largest markets globally. The development of technological knowledge paved the way for sophisticated aircraft designs to meet the needs and preferences of people or organizations. ![]() Only a century ago, aircraft manufacturing was at its infancy, which grew alongside the global economy that demanded better transportation facilities. The Illinois-based jet maker is ranked among the leading aircraft manufacturers worldwide. Boeing employed some 35,930 people in the commercial aircraft segment. The table shows key figures for the four leading aircraft manufacturers in the fiscal year of 2021. ![]()
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