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Airbus Says A350 To Be Profitable By 2019

Airbus expects the A350 to be profitable from 2019 before becoming a prime source of profits, chief executive Fabrice Bregier said.

Airbus has firm orders for 780 A350s from about 40 airlines, Bregier said a day after its first delivery of the aircraft to Qatar Airways.

"We think (it) will become profitable towards the end of the decade, so towards 2019," Bregier said on RTL radio. "From then, it will be one of the biggest contributors to Airbus' profitability."

The A350 was developed at a cost of EUR€11 billion (USD$13.45 billion) and is designed to compete with the Boeing 787 and 777.

(Reuters)