Latest Aviation News Civil aerospace AIRBUS STICKING TO DELIVERY TARGETS DESPITE ENGINE DELAYS

Airbus sticking to delivery targets despite engine delays

AFP
02/07/2018 | 357 words

Airbus said Monday it is sticking to its target of 800 aircraft deliveries this year, despite problems with getting timely delivery of new fuel-efficient engines for its A320neo jets.

"We're sticking to our target of delivering 800 jets this year," a spokesman for the European plane maker told AFP.

According to a report by Bloomberg on Monday, setbacks with the supply of engines by Pratt & Whitney, which are being fitted into nearly half of the medium-haul A320neo jets, could jeopardise Airbus's overall annual delivery target.

The report sent Airbus shares into a tailspin on the Paris stock exchange on Monday, where they fell nearly three percent at the opening.

At around 1100 GMT, they were showing a loss of around 2.1 percent at 98.09 euros, while the overall market was down by 1.1 percent.

Problems with the engines of both the Pratt & Whitney and those jointly developed by Safran and General Electric have led to delays in the delivery of A320neo jets to clients.

Airbus had said in April that its ability to meet its delivery targets this year would depend on the engine makers meeting their deadlines.

But engine delivery has been consistently late for two years.

Nonetheless, in 2017, Airbus delivered a record 718 planes, exceeding the target of 700.

The jet maker had also exceeded its objective in 2016, with 688 planes delivered to clients.

Airbus is now aiming even higher, as it seeks to increase the production rate of its A320neo in order to meet demand.

"I say from a commercial point of view, from a demand point of view, we absolutely see a strong basis to support a rate even going higher," CEO Tom Enders said in April.

He also said Airbus expected to deliver 800 aircraft this year, even as he conceded: "It is not going to be a walk in the park".

The plane maker currently aims to produce 63 A320neo jets a month from now through to the second half of 2019.

 
 
 
Related articles

Airbus deal with Canada's Bombardier set for take-off

Airbus to offer sleeping berths down in cargo hold

Transatlantic test for Airbus low-cost airliner

French PM oversees major Airbus deal signed in Dubai

05/07 Airbus and Thai Airways to launch a new joint venture MRO facility at U-Tapao
05/07 Derek Zimmerman (Gulfstream): We've been working on the arrival of G500 and G600 for several years
05/07 Nolinor Aviation gives new life to its Boeing 737-200 fleet
05/07 Moving towards outsourcing MOC contracts in the French Army Light Aviation
02/07 Airbus sticking to delivery targets despite engine delays
27/06 Air New Zealand fined in Australia air cargo cartel case
Featured Content
Laurent Martinez (Airbus): "We are at the start of the fly-by-data revolution"
Air France Industries counts on Lokad to manage its stocks
MRO: NYCO focuses on rationalization of aviation lubricants
AFI KLM E&M and Lufthansa Technik first to board CFM's LEAP third-party support services
For Bruno Even, CEO of Safran Helicopter Engines,
 
LATEST NEWS   CIVIL AEROSPACE   MRO & SUPPORT   AIR TRANSPORT   DEFENCE   SPACE
Follow us
© 2018 Le Journal de l'Aviation - All rights reserved

By continuing to use the site, you agree to the use of cookies. You can find out more by following this link.  OK  Find out more