Airbus commercial revenue up 19% in 2012

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Airbus saw revenue from its commercial airliners grow by 19% to €36.9 billion ($48.2 billion) in 2012, up from €31.2 billion the year before.

This was driven by record deliveries of 588 commercial aircraft, parent EADS said in its full-year financial results.

Airbus's earnings before interest and taxes (EBIT) for commercial airliners more than doubled to €1.13 billion.

In 2012, the airframer registered 914 gross orders, down from 1,608 in 2011. Net orders stood at 833, including 739 Airbus A320 family aircraft, 85 A330s and A350 XWBs, and nine A380s.

Development of the A350 "remains on track", with the final assembly line fully operational, says EADS. The A380 wing rib issue has also been resolved with repairs ongoing and design modifications embodied into newly-assembled jets, it adds.

Airbus Commercial's backlog stands at €503 billion - an industry record, representing 4,682 aircraft.

Parent company EADS's full-year revenue climbed by 15% to €56.5 billion, with EBIT up by 68% to €3 billion.