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It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.
Persons: Donald Trump, Ralph Lauren, , Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP
Airbus to cut up to 2,500 jobs in defense and space
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: +2 min
A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.
Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus' growth will come from size of backlog, says CEO Guillame FauryGuillaume Faury, Airbus CEO, joins CNBC's Phil Lebeau on 'Squawk on the Street' to discuss where Airbus is expecting growth, where the biggest supply chain challenges are, and more.
Persons: Guillame Faury Guillaume Faury, Phil Lebeau Organizations: Airbus
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus CEO on production ramp, supply chain issues and U.S. productionCNBC’s Phil LeBeau with Airbus CEO Guillaume Faury, joins 'Power Lunch' to discuss the company's production ramp, supply chain issues and U.S. production
Persons: Phil LeBeau, Guillaume Faury Organizations: Airbus
Read previewThe usual orders battle between Airbus and Boeing played second fiddle to supply-chain issues at last week's Farnborough Airshow. AdvertisementLast month, Airbus reduced its delivery targets, citing supply chain issues, which saw its stock drop as much as 11%. The day before the show, Guillaume Faury, the Airbus CEO, told the media the planemaker was having "important discussions" with some key suppliers as it was facing "a bit of an unexpected challenge." Frustrations with the supply chain were evident among airline bosses speaking at a summit on the first day of the airshow. AdvertisementWith gray skies for much of the week, the weather seemed to reflect the downturn for Airbus and Boeing.
Persons: , Joshua Ng, Guillaume Faury, Luis Gallego, Ng, Dave Calhoun, Stephanie Pope, Kelly Ortberg, Rockwell Collins, Sir Keir Starmer Organizations: Service, Airbus, Boeing, Farnborough, November's Dubai, Alton Aviation Consultancy, Business, International Airlines Group, British Airways, Aer Lingus, Alaska Airlines, Current, Defense, NATO Locations: Paris, Farnborough, Ukraine, Gaza
CNN —Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Airbus reported record annual jet orders in 2023, but in a statement Monday, Airbus CEO Guillaume Faury hinted at plans for further expansion in North America. The announcement of Hayes’ Airbus appointment comes just over two months after he left JetBlue, which has a fleet of Airbus planes. “It’s time I put more focus on my health and well-being.”In a statement Monday, Hayes said he was excited and energized to join Airbus after taking time off. As chairman and CEO of the North American business, Hayes will lead Airbus’ commercial aircraft business and oversee the company’s helicopters and space and defense business in the region.
Persons: Robin Hayes, Hayes, Jeff Knittel, Guillaume Faury, Robin, Faury, , ” Hayes Organizations: CNN —, JetBlue, Airbus, Airbus Americas, Boeing, North Locations: North America
Airbus says supply chain management is 'front and center'
  + stars: | 2024-02-16 | 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 EmailAirbus says supply chain management is 'front and center'Airbus CEO Guillaume Faury discusses supply chain issues in the industry and returning to pre-pandemic delivery levels in 2025.
Persons: Guillaume Faury Organizations: Airbus
Watch CNBC's full interview with Airbus CEO Guillaume Faury
  + stars: | 2024-02-15 | 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 EmailWatch CNBC's full interview with Airbus CEO Guillaume FauryAirbus CEO Guillaume Faury speaks to CNBC's Charlotte Reed after the company's full-year earnings report.
Persons: Guillaume, Guillaume Faury, CNBC's Charlotte Reed Organizations: Airbus
Airbus, the European aerospace giant, plans to deliver around 800 commercial aircraft this year, including the popular single-aisle A320neo, its main competitor to the 737 Max. Airbus pulled in a record 2,094 commercial aircraft orders last year, partly on a surge in demand for narrow-body and mid-sized jets from India and other rapidly growing countries. That added to the company’s extensive backlog of 8,598 commercial aircraft at the end of 2023. By contrast, Boeing delivered 528 commercial airplanes and recorded 1,576 net orders. The company added a special dividend, on top of its usual payout, as its net cash exceeded €10 billion.
Persons: Guillaume Faury Organizations: Airbus, Boeing Locations: India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur job is to deliver high quality and safe planes, Airbus CEO saysAirbus CEO Guillaume Faury says that, despite issues at rival Boeing and broader pressures in the sector, the company remains focused on delivering high-quality and safe planes.
Persons: Guillaume Faury Organizations: Airbus, Boeing
PARIS (AP) — Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. The company reported healthy results for its commercial aircraft business Thursday in its latest annual earnings report, and signaled that there was more to come this year by setting a target of 800 commercial aircraft deliveries, 65 more than in 2023. But he said the company is focused on its order backlog with existing customers “that’s independent from what could happen outside." Openings for new airplane orders won't be available until the next decade, “so that would more impact the long term competitive positioning of the two companies rather than the short term,” Faury said. Airbus reported that adjusted earnings before interest and tax rose 4% to 5.8 billion euros ($6.2 billion) as revenue climbed 11%.
Persons: Guillaume Faury, jetliner, Faury, ” Faury Organizations: PARIS, Airbus, Boeing Locations: Toulouse, France
Airbus will learn lessons from the Boeing 737 Max blowout, said CEO Guillaume Faury. The Max 9 lost its door plug in midair after leaving the factory without key bolts, the NTSB said. AdvertisementAirbus is looking to learn lessons from Boeing's troubles following the Alaska Airlines blowout, its CEO said during a Thursday earnings call. "We're obviously, like many other players in the industry, observing the development after the door plug event," said CEO Guillaume Faury. In its preliminary report, the National Transportation Safety Board said the jet — delivered to the airline just 66 days earlier — left Boeing's factory missing key bolts designed to secure the door plug.
Persons: Guillaume Faury, Max, Faury, , it's Organizations: Airbus, Boeing, Max, NTSB, Service, Alaska Airlines, Portland International, National Transportation Safety, United Airlines, Bloomberg, United
An Airbus SE A380 airplane during a tour of a new maintenance hangar and control tower, at Chateauroux-Centre "Marcel Dassault" Airport in Chateauroux, France, on Friday, July 1, 2022. Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. But he said the company is focused on its order backlog with existing customers "that's independent from what could happen outside." Openings for new airplane orders won't be available until the next decade, "so that would more impact the long term competitive positioning of the two companies rather than the short term," Faury said. Airbus reported that adjusted earnings before interest and tax rose 4% to 5.8 billion euros ($6.2 billion) as revenue climbed 11%.
Persons: Marcel Dassault, Guillaume Faury, jetliner, Faury Organizations: Airbus, Boeing Locations: Chateauroux, France, Toulouse
Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months. Airbus CEO Guillaume Faury stuck to his guns, however. Airbus is producing A320-family jets in the low-50s per month instead of a planned level closer to 58, they said. On the loss-making A220, Airbus reiterated plans to raise output to 14 a month. "We are working very closely with them in the spirit of supporting them, but we also expect from Spirit to well support Airbus.
Persons: Steven Udvar, Guillaume Faury, Faury, Pratt, Safran, Whitney, Chris Calio, Spirit, Patrick Shanahan, Tim Hepher, Valerie Insinna, Allison Lampert, Matt Scuffham, Sharon Singleton, Matthew Lewis Organizations: Airbus, Defence, Space, Air Lease AL.N, Pratt & Whitney, CFM, GE Aerospace, GE, Boeing, Thomson Locations: Dubai, Paris, Washington, Montreal
Airbus names sales chief Scherer CEO of planemaking arm
  + stars: | 2023-09-26 | by ( Tim Hepher | ) www.reuters.com   time to read: +2 min
Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. Scherer, who is currently chief commercial officer, said Airbus would meet its operational objectives. Airbus formally merged with its dominant planemaking business in 2018, meaning it combines two separate headquarters and operational functions under one CEO, with the Helicopters and Defence & Space divisions sitting underneath. The shake-up brings back a separate planemaking CEO under the same roof but the company does not appear to be re-creating two entities, something that had created a stage for chronic in-fighting in the past.
Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Tim Hepher, Louise Heavens Organizations: Airbus, Reuters, International Air, REUTERS, Rights, Commercial Aircraft, Boeing, Helicopters, Defence, Space, Thomson Locations: Boston , Massachusetts, U.S
Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Reuters revealed the plans to reorganise in July and this month Scherer, an Airbus veteran currently serving as chief commercial officer, emerged as one of the main candidates to run the jetmaking arm, which accounts for 70% of revenue. Airbus reorganisations are more sensitive than most because of a history of friction between founders France and Germany. Born in Germany and raised in Toulouse, 61-year-old Scherer has spent his career in the Airbus commercial arm, apart from stints in Defence and as CEO of turboprop affiliate ATR. Insiders say the immediate challenges Scherer faces will be less familiar industrial ones, such as meeting production and delivery targets and managing roughly 80,000 Airbus employees.
Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Fabrice Bregier, Tom Enders, Rob Stallard, Bruno, Frenchman Faury, Olaf Scholz, Tim Hepher, David Goodman, Sharon Singleton Organizations: Airbus, Reuters, International Air, REUTERS, Boeing, Partners, Airbus Helicopters, Defence, Monday Germany, Thomson Locations: Boston , Massachusetts, U.S, PARIS, France, Germany, Toulouse, Europe, China
[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.
Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States
An Airbus A321 XLR aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 12 (Reuters) - Airbus (AIR.PA) plans to merge two separate fighter businesses as part of a reorganisation of its Defence & Space division, union sources said. Asked about the new combination, which is part of a deeper Defence & Space restructuring codenamed ATOM, an Airbus spokesperson said: "We are currently discussing the details and ideas with our social partners". In July, Airbus Chief Executive Guillaume Faury said a reorganisation in Defence & Space was designed to make the business more agile. Despite a broad increase in overall demand for weapons since the Ukraine conflict began, Airbus Defence & Space is the company's second-biggest activity in terms of revenues but the least profitable, lagging behind jetliners and helicopters.
Persons: Benoit Tessier, Jean, Brice Dumont, Bruno Fichefeux, Guillaume Faury, Faury, Tim Hepher, David Holmes Organizations: Airbus, Paris, REUTERS, Rights, Defence, Space, Military Air Systems, Franco, France's Dassault Aviation, Airbus Defence, Thomson Locations: Le Bourget, Paris, France, Spanish, Ukraine
RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).
Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru
ESA chief sees Ariane 6 debut launch delayed to next year
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A worker of Ariane Group stands in front of a Ariane 6 rocket's Vulcain 2.1 engine, prior to the visit of French President Emmanuel Macron, in Vernon, France January 12, 2021. Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Aug 16 (Reuters) - The first launch of Europe's new Ariane 6 rocket has slipped into 2024 after an incomplete recent ground test, the head of the European Space Agency suggested in remarks to Reuters. Ninety percent of July's objectives were met and further tests are scheduled for September, it added. "After this series of tests we plan to consolidate a launch date for Ariane 6," ESA Director General Josef Aschbacher told Reuters. Asked whether it was fair to assume that plans for a test launch before the end of the year were now out of reach, Aschbacher told Reuters, "This is fair to say, yes".
Persons: Emmanuel Macron, Christophe Ena, Safran, Josef Aschbacher, Aschbacher, Guillaume Faury, Tim Hepher, Gerry Doyle Organizations: Ariane, Rights, European Space Agency, Reuters, ESA, Airbus, Paris Air Forum, Thomson Locations: Vernon, France, Guiana, Germany, European
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus CEO: 'Frustrating' that Europe is not coming together on defenseAirbus CEO Guillaume Faury discusses European collaboration in the defense space, the company's half-year results, and ongoing supply and engine challenges.
Persons: Guillaume Faury Organizations: Airbus Locations: Europe
The chief executive of Airbus has called a lack of European collaboration on major defense projects following Russia's full-scale invasion of Ukraine "frustrating." "That's very challenging, and it's quite frustrating to see that the responses that have been provided so far are mostly of a national nature and not much of a European nature," he said Wednesday. "That's something we think Europe should reconsider and be more consistent, when it comes to working together on large programs." Earlier this month, Michael Schoellhorn, Airbus' defense chief, said in a Financial Times interview that political discussions about steps toward European defence programs had so far been "lip service." Airbus results Wednesday showed that revenues at its defense and space division fell 8% which it attributed to "delays in Space Systems and delivery phasing in Military Air Systems."
Persons: Guillaume Faury, CNBC's Charlotte Reed, Faury, Michael Schoellhorn, Schoellhorn Organizations: Airbus, Air System, Financial Times, Space Systems, Military Air Systems Locations: Ukraine, France, Germany, Europe, European
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus CEO: We want to take all of our suplly chain with us to rate 75Airbus Chief Executive Guillaume Faury speaks to CNBC's Charlotte Reed after the company posted higher-than-expected underlying operating profit for the second quarter.
Persons: Guillaume Faury, CNBC's Charlotte Reed Organizations: Airbus
Airbus posts higher profit, removes near-term output goal
  + stars: | 2023-07-26 | by ( ) www.cnbc.com   time to read: +2 min
Europe's Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output. The world's largest planemaker said adjusted earnings before interest and tax rose 34% to 1.845 billion euros ($2.04 billion)as revenues grew 24% to 15.9 billion euros, buoyed by higher jet deliveries. Analysts had forecast quarterly operating profit of 1.725 billion euros on revenues of 15.867 billion, according to a company-compiled consensus. Airbus said it was "progressing well" towards a widely watched production goal for its best-selling A320neo-family jets of 75 jets a month in 2026, which it reaffirmed. One senior supplier said the decision would not help Airbus' credibility as it encourages suppliers to hire and invest.
Persons: Guillaume Faury Organizations: Airbus, Industry Locations: Colomiers, Toulouse, France, Paris
[1/2] Airbus CEO Guillaume Faury takes part in a panel discussion at the International Air Transport Association's (IATA) Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. That mirrors a structure under which the planemaking business technically owns the two smaller divisions, Helicopters and Defence & Space, following an internal merger. Airbus says it is no longer politically driven following an agreement to limit government interference a decade ago. But such a structure would draw inevitable comparisons with the era of former planemaking chief Fabrice Bregier, who left Airbus in 2018 after a power battle with then CEO Tom Enders. INTERNAL BALANCEHaving a visible planemaking leader would more closely echo rival Boeing (BA.N), each of whose divisions has its own boss.
Persons: Guillaume Faury, Brian Snyder, Faury, apppointed, Fabrice Bregier, Tom Enders, Bruno, Alberto Gutierrez, Tim Hepher, Mark Potter Organizations: International Air Transport, REUTERS, Airbus, Helicopters, Defence, Space, Airbus Helicopters, Boeing, Thomson Locations: Boston , Massachusetts, U.S, France, Germany, Spain, Ukraine
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