Davos, Switzerland ? Boeing chairman Phil Condit says his company was on the right track despite losing its long-held position as the world’s top commercial jet maker to rival Airbus.

“There are a lot of ways of measuring No. 1,” he said in an interview Thursday on the sidelines of the World Economic Forum. “I guess you can count airplanes, but that’s only one way.”

European plane maker Airbus confirmed last week it had overtaken Boeing in both orders and deliveries of passenger jets for the first time ever.

But Condit noted that Boeing, which derives almost half its revenue these days from other sectors, such as space and defense, remains the world’s largest aerospace company overall.

“Market share is not a parameter we look at,” he insisted. “I want to be good at every business we’re in.”

Boeing is the state’s largest private employer with approximately 12,000 workers.