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☆ Airbus tells shareholders Europe needs to 'get its act together' on autonomy
▼ + stars: | 2023-04-19 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

The chairman of Europe's largest aerospace group, Rene Obermann, told investors last year's invasion of Ukraine by Russia had been a wake-up call. "It has highlighted the essential role that defence plays in society and that European nations need to get their act together for higher levels of strategic autonomy. "We are committed to playing a role of enabler for more co-operation in defence, which we believe is one of the key prerequisites to make sure that Europe maintains its strategic autonomy, Obermann said. He also cited sovereign capabilities for which Europe does not want to depend on the United States. DEFENCE DIVIDENDFrench President Emmanuel Macron is pursing an agenda to beef up Europe's "strategic autonomy" separate from the U.S.-led NATO umbrella, with eastern allies trusting the United States more for their defence.

REUTERS/Jason Redmond/File PhotoPARIS/WASHINGTON, April 19 (Reuters) - Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding "surge capacity," even where that means extra cost. "We live in a supply constrained environment ... Our focus is on both capacity and quality. "To support the supply chain, we've increased on-site presence, we've ramped up internal fabrication for surge capacity and we've increased inventory of select parts for risk protection." DEFENDING AVERAGE OUTPUTPlanemakers only rarely speak of "surge capacity" in the aerospace production system, which is seen as more capital-intensive and less nimble than in consumer-facing industries. Although auto firms rely heavily on overtime to meet peak demand, analysts say there are examples of automakers installing surge capacity for a successful product.

☆ Airbus widens its lead over Boeing in China with plans for second finishing line there
▼ + stars: | 2023-04-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing. The signing of the agreement by Airbus CEO Guillaume Faury was witnessed by Chinese President Xi Jinping and by Macron. It will add another line to the final-assembly facility that Airbus opened in Tianjin, China, in 2008, which has put the final touches on 600 A320 aircraft to date. This will lead to a demand for 8,420 passenger and freighter aircraft between now and 2041, representing more than 20% of the world’s total demand for new aircraft, Airbus predicts. Soured trade relationsBut worsening trade relations between the United States and China have basically locked Boeing out of that key market for aircraft.

☆ Bank of America just added this global stock with 60% upside to its top ideas list
▼ + stars: | 2023-04-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America has added global aerospace giant Airbus to its "top 10 best ideas" list for the second quarter of 2023, describing it as a "structural winner." On that basis, BofA analysts expect shares of Airbus to rise by 60% to 200 euros per share ($217) over the next 12 months. Earlier this month, Guillaume Faury, Airbus' CEO, said that global supply chains had proved challenging in 2022 and held back the company's plans for growth. "The global supply chains are in a difficult place. The BofA analysts added that suppliers like Rolls-Royce and General Electric were also working to support Airbus's increased production rates.

[1/2] A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierPARIS, April 3 (Reuters) - European planemaker Airbus (AIR.PA) is negotiating a new round of plane orders with China, coinciding with a visit by French President Emmanuel Macron to the economic superpower later this week, government and industry sources said. The potential deal for dozens of jets comes amid worsening relations between Washington and Beijing, which have seen China's usually balanced airplane imports tilt towards Airbus in recent years. Airbus also has an industry presence in China including an assembly plant. Macron is due to conduct the state visit to China on April 5-7, with a delegation of company chiefs from France-based companies, expected to include Airbus CEO Guillaume Faury.

☆ Airbus drops offer for stake in Atos unit, shares tumble
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 29 (Reuters) - Airbus (AIR.PA) has decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%. Its shares plunged on Wednesday after news that Airbus was dropping out of the Evidian deal to close 16.75% lower. "Atos takes note of Airbus' decision to no longer pursue the discussions it initiated in February 2023," it said in a separate statement. At that valuation, a 29.9% share stake in Evidian would have a price tag of 1.2 billion euros. Atos rejected last September an unsolicited offer from rival onepoint and UK private equity fund ICG at an indicative enterprise value of 4.2 billion euros ($4.1 billion).

[1/2] A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. But whereas this makes up some 12% of market forecasts for Boeing's 2023 deliveries, Airbus has secured just 9% of its 2023 target of 720 jets, below the trend for this time of year. After missed targets in 2022, Airbus Chief Executive Guillaume Faury has told executives that 2023 will be "make or break" for the company's industrial reputation, industry sources said. In February, Airbus delivered 46 jets, up from 20 in January, for a total of 66 in the first two months of 2023. Lessors have said both jetmakers are delivering planes three-to-six months late, though Airbus is pushing to maintain higher industrial output.

MADRID/PARIS, March 13 (Reuters) - Doubts are growing over the future of Madrid's remaining orders for the Airbus (AIR.PA) A400M troop plane, European defence sources said on Monday, as corporate leaders and dignitaries marked the centenary of Spain's military planemaking activities. Prime Minister Pedro Sanchez, Defence Minister Margarita Robles and King Felipe also attended Monday's event. Spain and Airbus are in discussions over how to soften any impact from a partial A400M order cancellation, sources said. Defence publication Janes reported last year that Airbus was waiting for Madrid to back the SIRTAP tactical drone project, co-developed by Airbus Spain and Colombia. Spain also last year ordered an extra 20 Eurofighter combat jets, a four-nation fighter programmre for which Airbus is the industrial partner in Spain and Germany.

☆ Global supply chains remain in difficult place, says Airbus CEO Guillaume Faury
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal supply chains remain in difficult place, says Airbus CEO Guillaume FauryGuillaume Faury, Airbus CEO, joins 'Squawk Box' to discuss the state of Airbus' supply chains, if the company's situation is specific to Airbus and if the subsidies given to Boeing are now even.

☆ Airbus targets 720 deliveries in 2023
▼ + stars: | 2023-02-16 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Industry sources have said Airbus is currently producing 45 of the workhorse jets a month. Revenues rose 13% to 58.763 billion euros, buoyed by higher deliveries compared to the previous year and a strong dollar. Industry sources had previously said A350 output was scheduled to remain steady at 6 a month throughout 2024 and 2025, up from 5.6 a month in 2023. Airbus' net cash rose to 9.4 billion euros, closing in on a threshold previously identified for potential share buybacks. Faury told investors in September he would discuss buybacks with the board "as soon as we hit the 10 billion euros mark."

☆ Exclusive: Airbus roiled by poor start to 2023 as industrial pressure grows
▼ + stars: | 2023-02-13 | by ( Tim Hepher | ) www.reuters.com time to read: +6 min

The first major test will be the first quarter for which suppliers say Airbus seeks close to 140 deliveries. Analysts say Faury will want to avoid spooking investors while insuring against the risk of more downgrades to guidance on deliveries from setting expectations too high. On the other hand, sources say steel capacity has moved up the list of concerns amid pressures including debt restructuring at supplier Liberty Steel, which had no immediate comment. INTERNAL TASK FORCEYet despite hot spots, sources say several key yardsticks of supplier performance like missing-parts-per-million are steadily improving. Faury has insisted bringing the supply chain back to health and modernising Airbus' industrial fabric are top priorities.

☆ Airbus has changed the design of its A350 flagship jet amid its dispute with Qatar Airways over peeling paint
▼ + stars: | 2023-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Airbus has changed the copper foil used on its A350 aircraft, which protects from lightning strikes. In 2021, Qatar Airways sued Airbus over chipped paint that exposes the copper mesh, citing a safety risk. According to Airbus, the company started "progressively" using PCF on A350 aircraft "fuselage section by fuselage section," starting with deliveries in late 2022. The change is significant considering Airbus' ongoing battle with Qatar Airways over the old copper foil — a dispute worth $2 billion, per Reuters. An undated image shows what appears to be paint peeling, cracking and exposed expanded copper foil (ECF) on the fuselage of a Qatar Airways Airbus A350 aircraft.

☆ Airbus maintains jetmaker top spot despite missing goal
▼ + stars: | 2023-01-10 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

The France-based company said it had delivered 663 jets or a net total of 661 after allowing for two Aeroflot jets previously caught up in Western sanctions against Russia. It won 1,078 jet orders during 2022, or a net total of 820 after allowing for cancellations. Reuters reported last week that Airbus had provisionally delivered as many as 663 aircraft in 2022. Airbus last month abandoned a target of "around 700" deliveries for the year, saying the final outcome would not be materially below this. Airbus Chief Executive Guillaume Faury blamed the shortfall on the "complexity of the operating environment" but said Airbus would continue to ramp up production.

☆ Airbus pledges deeper industrial ties with India
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS, Dec 21 (Reuters) - Airbus (AIR.PA) plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. Faury's comments on industrial presence come as India is increasingly involved in the civil supply chain. Airbus declined to comment and Tata Group was not immediately available to comment. In October, Tata Group and Airbus said they would make the C-295 military transport aircraft in India.

☆ Airbus CEO details broad post-crisis industrial hurdles
▼ + stars: | 2022-12-08 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. Airbus (AIR.PA) Chief Executive Guillaume Faury said the situation had also been aggravated by recent COVID restrictions leading to capacity closures in China, a major supplier. "There is an enormous problem in bringing the industrial supply chain back to strength worldwide, in the aviation world but not only in aviation," Faury told French journalists. "There is a lot of interdependence between the aerospace supply chain and electronic cards and components, raw materials and the availability of energy and skills at a worldwide level," Faury told the AJPAE French aerospace media association. Airbus assembles some aircraft and derives a large proportion of parts from suppliers in the United States.

☆ Airbus sees wide-body demand boost in 2023 and 2024
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: 1 min

PARIS, Dec 8 (Reuters) - Airbus Chief Executive Guillaume Faury said on Thursday that 2023 and 2024 would be positive years for wide-body jet demand, but sounded a cautious note on fragmented global supply chains. Faury, who visited Washington last week with French President Emmanuel Macron, also told reporters the competitive impact of the U.S. Inflation Reduction Act, which includes support for alternative fuel, was "a real subject of concern". Faury was speaking to the AJPAE aerospace media association in his role as head of France's aerospace industry asociation, GIFAS. Reporting by Tim Hepher; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Airbus drops 2022 delivery forecast, softens output goal
▼ + stars: | 2022-12-07 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Reuters reported on Friday that the target was under review after November deliveries had fallen short of expectations. Once closely tied, production and deliveries have become disconnected since the pandemic hit demand and rippled through supply chains. The speed of the production increase will depend in part on how many 2022 jet deliveries get pushed into 2023. Airbus is pushing buyers to take delivery of jets scheduled for this month, even though it has also started delaying further deliveries planned for 2023, some of which may spill into 2024. Boeing (BA.N), which has been lagging on orders and deliveries so far this year, will issue new data next week.

☆ Rolls-Royce uses hydrogen produced with wind and tidal power to test jet engine
▼ + stars: | 2022-12-02 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

The test used a converted regional aircraft engine from Rolls-Royce, with hydrogen produced at the European Marine Energy Centre in Orkney. LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce and easyJet said they had carried out the ground test of a jet engine that used hydrogen produced from tidal and wind power. The test, which was carried out at an outdoor site in the U.K., used a converted regional aircraft engine from London-listed Rolls-Royce. "This is a true British success story, with the hydrogen being used to power the jet engine today produced using tidal and wind energy from the Orkney Islands of Scotland," Shapps added. Using hydrogen to power an internal combustion engine is different to hydrogen fuel cell technology, where hydrogen from a tank mixes with oxygen, generating electricity.

☆ Airbus 2022 target under review after estimated 563 deliveries in Jan-Nov - sources
▼ + stars: | 2022-12-02 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, Dec 2 (Reuters) - Airbus (AIR.PA) delivered an estimated 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, though it has not excluded the possibility of trimming the target, industry sources said. A late surge pushed November higher than initially expected but failed to lift doubts over the 2022 target of “around 700” with weeks to go before the end of the year, the sources said. One industry source said the company had all but given up hope of reaching its key revenue-driving target. Missing parts forced Airbus to cut the target for deliveries to 700 from 720 in July. Reuters reported on Monday that preliminary external November data and industry sources pointed to increasing challenges in reaching the revised target.

☆ Airbus CEO says supply chain still 'very complex'
▼ + stars: | 2022-11-29 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

BRUSSELS, Nov 29 (Reuters) - Airbus (AIR.PA) will have a clearer picture on 2022 deliveries by the end of November but the supply chain environment "remains very complex", Chief Executive Guillaume Faury said on Tuesday. On Monday, Reuters reported a senior supply chain source as saying it would be difficult to reach the full-year target. "I consider that the supply chain crisis is going to be longer than what we thought a couple of months ago. Leonardo (LDOF.MI) Chief Executive Alessandro Profumo, who chairs ASD, said prime contractors like Airbus and Leonardo and others should "take care" of the supply chain, without elaborating on what kind of support companies should provide. "Without a strong supply chain we won't be strong, so clearly this is a role we have," he said at the same event.

☆ China will not decouple from West, Airbus CEO says
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 14 (Reuters) - Airbus (AIR.PA) Chief Executive Guillaume Faury believes China and the West will reduce their mutual dependency in the long term but there is no question of them breaking off trade ties, he told Handelsblatt. "I think a break-up of economic areas is unthinkable," he told the business daily. Airbus has a market share of 50% in China with its own production, according to Handelsblatt. "From my point of view, the exchange is intense but good," he said of relations between the French and German governments, recently strained over energy policy. Writing by Paul Carrel; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

[1/3] An undelivered Airbus A350 built for Qatar Airways is seen in storage at Chateauroux, France, September 3, 2022 as Airbus and the Gulf carrier remain locked in a contractual and safety dispute. The two leaders discussed the issue last December during a visit by French President Emmanuel Macron to Doha, the French official told Reuters on Wednesday. The exchange marks the first confirmation that a bitter contractual and safety dispute spilled beyond the courtroom. A spokesperson for Qatar Airways could not immediately be reached for comment. The dispute marks a public divorce at the heart of the $150 billion jet industry with billions of dollars at stake.

☆ The CEO of Airbus says there are 'concerns on the safety side' as domestic air travel in Russia takes off, but sanctions prevent plane maintenance
▼ + stars: | 2022-10-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Airbus' CEO said he's concerned about Russian airlines flying without required maintenance. Sanctions against Russia over the Ukraine war have prevented Airbus from servicing Russian aircraft. Russian air travel has recovered to 85% of pre-pandemic capacity, per OAG, a data provider. Russia lifted all pandemic-related travel restrictions on July 1, and Russian airlines are operating at about 85% of 2019 capacity this winter season, according to data published on October 25 by OAG, a global travel data provider. Russian state-owned carrier Aeroflot started stripping spare parts from working aircraft due to supply shortages induced by sanctions, Reuters reported in August.

☆ Airbus gets dollar boost, explores higher wide-body output
▼ + stars: | 2022-10-28 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

PARIS, Oct 28 (Reuters) - Airbus (AIR.PA) received a billion-euro boost in projected cashflow from a strong dollar and said it was exploring higher production to meet resurgent demand for wide-body jets, as the European planemaker celebrated five decades of flight on Friday. Third-quarter revenue also benefited from the U.S. currency but operating earnings that include hedging rose by a slimmer-than-expected 26% to 836 million euros ($834.5 million) as the company battles a "degraded" global supply chain. Airbus raised its forecast for free cashflow in 2022 to 4.5 billion euros, from 3.5 billion, after generating almost twice the amount of expected cash in the third quarter. Analysts were on average expecting quarterly adjusted operating income of 887 million euros on revenues of 12.848 billion, according to a company-compiled consensus. Faury reaffirmed single-aisle production targets and said Airbus was assessing supply chain capacity for an increase in production of wide-body jets.

☆ Airbus 'turns page' on Brexit but presses UK on helicopters, space
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - The head of planemaker Airbus "turned the page" on the planemker's past opposition to Brexit and pledged to keep wings production in Britain, but said the European aerospace giant hoped to be "better understood" on helicopters and space. Register now for FREE unlimited access to Reuters.com RegisterA British government source said Truss had joined her business minister's introductory meeting with Airbus. Britain also plans to buy up to 44 medium helicopters to replace its fleet of Pumas and other military models, with Airbus' European rival Leonardo (LDOF.MI) seen as front-runner. Analysts say Leonardo dominates the UK military market where Airbus is touting a military version of its H175. Faury said Airbus had "turned the page" on its public opposition to Brexit during Britain's 2016 referendum, which had been inspired by the European scale needed to build planes.

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