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☆ Chinese economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine
▼ + stars: | 2023-06-23 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The Chinese planner said it supports domestic airlines cooperating with Airbus according to their needs. He also witnessed the signing of the agreements between the NDRC and the European companies separately in Berlin and Paris, according to the Chinese planner. Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. In March, the European Commission president Ursula von der Leyen called on Europe to reassess its diplomatic and economic relations with China. “Germany is committed to actively broadening our economic relations with Asia and beyond,” Scholz said at a joint press conference with Li, according to French news agency AFP.

Persons: Guillaume Faury, Zheng Shanjie, Li Qiang, Li, Ursula von der Leyen, Olaf Scholz, ” Scholz, China’s Sinochem Organizations: Hong Kong CNN, Moscow, Airbus, BMW, Mercedes, Benz, Volkswagen, Siemens, BASF, National Development, Reform Commission, Union, ASML, European, AFP Locations: Hong Kong, China, Ukraine, Paris, Tianjin, Europe, European, Berlin, Beijing, Russia, United States, Netherlands, Germany, Asia, Italy

The multibillion-dollar deal is the largest ever by number of aircraft, eclipsing Air India's provisional purchase of 470 jets earlier this year as India's two largest carriers plan for a sharp expansion in regional travel demand. With the growth of India (and) the growth of the Indian aviation market ... this is the right time for us to place this order," IndiGo Chief Executive Pieter Elbers told a news conference. Indian carriers now have the second-largest order book, with an over 6% share of the industry backlog, behind only the United States, according to a June 1 report by Barclays. After signing the IndiGo deal, Airbus CEO Guillaume Faury said it was premature to start thinking about narrowbody jet production rates higher than the planned 75 per month. It continues to hold separate talks with Airbus and rival Boeing (BA.N) for 25 widebody planes, which could either be Airbus A330neos or Boeing 787 jets, sources have said.

Persons: there's, Pieter Elbers, Guillaume Faury, Tim Hepher, Joanna Plucinska, Aditi Shah, Mark Potter Organizations: Airbus, Paris, Air, Reuters, Barclays, Boeing, Thomson Locations: India, United States

☆ Airbus reveals jet orders and says the supply chain is more stable
▼ + stars: | 2023-06-16 | by ( Tim Hepher | ) www.reuters.com time to read: +1 min

PARIS, June 16 (Reuters) - Airbus (AIR.PA) has signed orders this month including 60 A320-family jets with a lessor and 10 A350s with a major airline, said the planemaker's Chief Commercial Officer Christian Scherer. The deals come on top of any business to be announced at next week's Paris Airshow and will be booked at end-June, though the buyers will not disclosed, he also told reporters. He said next week's event would bring evidence of a strong recovery in terms of demand. Earlier on Friday, Airbus CEO Guillaume Faury had said that supply chains had stabilised although the industry still faced pressing labour shortages. Reporting by Tim Hepher; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Scherer, Scherer, Guillaume Faury, Tim Hepher, Sudip Kar Organizations: Airbus, Boeing, Gupta, Thomson

☆ Boeing CEO says fixing supply chain constraints is 'frustratingly slow'
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

June 2 (Reuters) - Boeing Co. (BA.N) CEO Dave Calhoun on Friday said progress on resolving supply chain problems has been "frustratingly slow" even as airlines' demand for planes has bounced back to pre-pandemic levels. Boeing has seen improvements in certain elements of its supply chain, such as engine forgings and castings, Calhoun said. "We've got to be smart about how we manage supply against that demand spike," Calhoun said at a Bernstein conference. Boeing regularly tracks 25-30 parts from a subset of suppliers that have previoulsy faced production headwinds. But surprise issues can still crop up from "the supplier who lost some experience, talents, talents, somewhere along the way didn't replace them in kind," he said.

Persons: Dave Calhoun, Calhoun, We've, Guillaume Faury, Valerie Insinna, Jason Neely, Frances Kerry Organizations: Boeing Co, Boeing, Airbus, Spirit, Thomson

☆ Airbus posts lower Q1 profit, delays new freighter
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 3 (Reuters) - Airbus (AIR.PA) posted a smaller than expected 39% drop in first quarter core earnings on lower airplane deliveries and a partial recovery in the dollar, offset by strong helicopters. The world's largest planemaker reaffirmed production and financial targets, but said the first deployment of a new freighter version of its A350 jetliner would slip into 2026. Airbus posted adjusted quarterly operating earnings of 773 million euros ($854 million) as revenues dipped 2% to 11.763 billion euros. Analysts were on average expecting adjusted operating profit, which softens such fluctuations to help gauge the underlying businesses from planes and rockets to helicopters and fighters, of 736 million euros on revenues of 11.37 billion. Underlying free cashflow slid to a negative 889 million euros in the first quarter, weighed by lower jet deliveries, from a positive inflow of 213 million euros a year earlier.

☆ Airbus says engine maker Pratt facing problems with jet support
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 3 (Reuters) - The head of planemaker Airbus (AIR.PA) said on Wednesday U.S. engine maker Pratt & Whitney has been struggling to support its fleet of passenger jets with enough spare parts and engines. CEO Guillaume Faury declined comment on a decision by India's third-largest airline, Go First, to file for bankruptcy, which it blamed on problems with the durability of Pratt & Whitney's GTF engines on its Airbus 320neo jets. "This being said, there are issues with in-service support of the GTF that are leading to airlines having planes with temporary issues, and planes 'AOG' (grounded), and this is something that we are very closely monitoring," Faury told reporters during a results briefing. Raytheon Technologies (RTX.N) unit Pratt & Whitney did not immediately respond to a request for comment. Reporting by Tim HepherOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ 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.

☆ 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.

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