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BRIEF-Airbus has 26 single-aisle jets in inventory without engines

BRIEF-Airbus has 26 single-aisle jets in inventory without engines

Reuters · 07/27/2022 12:45
BRIEF-Airbus has 26 single-aisle jets in inventory without engines

- Airbus EADSF media call after Q2 2022 earnings:

  • CEO SAYS HAS INVENTORY OF 26 A320-FAMILY JETS WITHOUT ENGINES AS A RESULT OF ENGINE DELAYS, TARGETS ZERO BY END-YEAR

  • CEO SAYS MAKING GOOD PROGRESS WITH EASA ON A321XLR DESIGN

  • CEO SAYS JET PRODUCTION RATE IS CAPABLE OF MORE, BUT WE NEED THE PARTS ESPECIALLY ENGINES

  • CFO SAYS WE HAVE BEEN WORKING DOWN THE NUMBER OF UNDELIVERED AIRCRAFT, BUT NOT BY MUCH SO FAR

  • CEO SAYS PRESSURE TO SLOW OUTPUT INCREASE CAME MAINLY FROM SITUATION IN SUPPLY CHAIN

  • CEO SAYS NUMBER OF UNDELIVERED PLANES NEEDING ENGINES IS CLOSE TO THE PEAK

  • CFO SAYS WAS ABLE TO PLACE SOME PLANES THAT HAD ORIGINALLY BEEN BUILT FOR RUSSIA

Source text for Eikon: [ID:]

Further company coverage: EADSF


(Reporting By Tim Hepher)

((tim.hepher@thomsonreuters.com;))