Airbus has posted a significant drop in 2012 orders compared to its record year in 2011. During 2012, the manufacturer delivered a record 588 aircraft to 89 customers but took only 914 orders. Despite this exceeding a target of 650 orders, it falters when compared with last year's 1,419 orders. The figures also put Airbus behind Boeing, which took 1,203 net orders during 2012. Boeing delivered 601 aircraft - its highest number since 1999. Despite this, Fabrice Bregier, Airbus' president and CEO, commented: “Looking back over 2012, we can proudly say it was a fantastic year. We delivered a record number of aircraft which highlights our increasing efficiency, and the market again demonstrated its confidence in all our products… We are keeping our production rates at a manageable pace, which is good for our supply chain, and bodes well for our long term profitability and bright future.” In separate news, Airbus has increased the average list price of its aircraft by 3.6 per cent. “Our new pricing reaffirms the value of our modern, fuel-efficient aircraft,” said John Leahy, Airbus' COO, customers.