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Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.64 -0.54% 117.12 116.00 117.26 117.72 115.74 117.34 1,587,465 16:40:00

Airbus Backs 2025 Production Target Despite Supply-Chain Snarls

22/09/2022 9:40am

Dow Jones News


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By Cristina Roca

 

Airbus SE still aims to increase its production rate of narrow-body planes to 75 a month in 2025 despite the difficulties it faces in securing enough engines and other components from its suppliers.

The European plane maker's target for its A320 family of aircraft remains unchanged, and takes into account its assessment of the readiness of its supply chain, a company spokesman said Thursday.

On Wednesday, Reuters reported, citing unnamed sources, that the company had privately began to ease pressure on its suppliers with respect to the 2025 target.

Boeing Co.'s European rival said it acknowledged the current supply-chain challenges and that it adjusted its interim target two months ago to reflect this. In July, it said it expected to reach a rate of 65 planes a month by early 2024, six months later than previously projected.

Airbus's production rate currently averages around 50 planes a month.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

September 22, 2022 04:25 ET (08:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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