Airbus has softened its key industrial and financial targets and took a hefty €900m charge for its troubled space activities as Europe's largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.
Airbus has softened its key industrial and financial targets and took a hefty €900m charge for its troubled space activities as Europe's largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.
As a result of the lower delivery forecasts, which imply annual growth of 5% instead of 9%, Airbus lowered its main financial targets for 2024. The downward revision in industrial forecasts comes weeks after Reuters first reported that Airbus was facing a new set of output delays as it grapples with increased parts shortages.
As the biggest plane producer, Airbus has borne the brunt of the problem as rival Boeing faces regulatory curbs and an internal crisis, but some experts and suppliers - including engine makers - have long voiced doubts about its plans, saying they were too ambitious.Faury appeared to turn the tables, however, saying supplies of engines for its best-selling A320-family of narrow-body jets had deteriorated"significantly" in recent months.
On larger jets, Faury said Rolls-Royce engines for the A330neo were behind schedule but not those for the A350. Boeing is nearing a deal to buy back Spirit after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier, Reuters reported last week.
Business Airbus Boeing Guillaume Faury
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mixed data on health of China’s economyBeijing puts focus on EU pork imports as Europe imposes hefty tariffs on Chinese electric vehicles
Read more »
Spathrooms Are Trending: Here’s How To Create Your Dream Self-Care SpaceSpa-inspired bathrooms (aka spathroom) are the self-care sanctuaries people are craving in their homes today – here's how to get the look…
Read more »
How to create a home fitness space in small areasTips to transform your space into the perfect workout haven
Read more »
Dr Norah Patten to become first Irish person in spaceDr Norah Patten will join an all-woman team of researchers on Virgin Galactic's second generation of spacecraft next year.
Read more »
Mayo woman set to be first Irish person to go to spaceDr Norah Patten, originally from Ballina Co. Mayo but now living in Dublin, will be Ireland’s first astronaut when she joins a Virgin Galactic research mission scheduled for 2026
Read more »
Mayo woman set to become first ever Irish person in spaceDr Patten, who works for Realtra Space Systems Engineering in Coolock, said she is ‘honoured and excited’ and said it has been a life-long ambition
Read more »