Airbus Must Deliver Almost 100 Planes in December to Meet Full-Year Targets

By Robert Wall

Airbus Group SE has to deliver almost 100 planes in December to meet full-year targets after delayed handovers throughout the year have put the European plane maker behind plan.

Airbus on Tuesday said it had delivered 61 planes in November, bringing its total this year to 577 jets. The Toulouse, France-based company has said it would ship more than 670 airplanes in 2016 to meet earnings targets.

Achieving its goal will require a record number of plane deliveries for a single month.

Airbus deliveries have been hampered by suppliers failing to ship parts on time, leaving some A320 short-haul planes without engines and A350 long-haul jets lacking seats. Airbus plans to deliver at least 50 A350 jetliners this year and had delivered only 34 in the first eleven months of the year.

The plane maker, the world's second biggest after Boeing Co., also said it had booked 15 more plane orders last month. The company booked 600 gross orders this year through November, or 410 net orders once reflecting cancellations throughout the year.

Write to Robert Wall at [e-mail]

(END) Dow Jones Newswires

December 06, 2016 06:23 ET (11:23 GMT)

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