💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Airbus sees backloaded deliveries in 2018, reaffirms target

Published 04/11/2018, 09:00 AM
Updated 04/11/2018, 09:10 AM
© Reuters. Airbus Chief Executive Tom Enders waits to visit final assembly line at Airbus headquarters in Blagnac near Toulouse
BA
-
AIR
-
SAF
-
GE
-

(Reuters) - Airbus (PA:AIR) Chief Executive Tom Enders said on Wednesday the planemaker expects deliveries of narrowbody jets once again to be backloaded towards the latter part of the year - possibly even more so than before - due to ongoing engine issues.

Deliveries have been delayed by delivery and quality problems on engines provided by Pratt & Whitney, and most recently engines from French-U.S. venture CFM (PA:SAF) (N:GE). Pratt-powered A320neo deliveries have been suspended.

Both engine suppliers for Airbus narrowbody jets remain "stressed," but Airbus - whose main rival is Boeing (N:BA) - is sticking by a target of delivering some 800 aircraft this year, Enders said.

© Reuters. Airbus Chief Executive Tom Enders waits to visit final assembly line at Airbus headquarters in Blagnac near Toulouse

"We are quite optimistic they can meet (goals) but it is not going to be a walk in the park," he said at the company's annual shareholder meeting, monitored by webcast.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.