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Airbus (OTCPK:EADSF) (OTCPK:EADSY) -2.2% in Paris trading on Friday as Reuters reports the planemaker is facing new pressure on its planned production ramp-up for passenger jets as it struggles to overcome continued parts and labor shortages.
It is not yet clear whether the slowdown would put at risk overall delivery targets for 2024 since deliveries lag production decisions by months, but the assembly of several dozen jets could be delayed in this year’s H2, according to the report.
Several airlines reportedly could see individual deliveries – already running an average of one-and-a-half months behind schedule – delayed further.
Airbus (OTCPK:EADSF) (OTCPK:EADSY) has planned to raise underlying monthly production of aircraft by ~50% to 75 narrowbody planes in 2026.
On a positive note, Airbus (OTCPK:EADSF) (OTCPK:EADSY) is said to be increasingly confident of winning delayed certification for its A321XLR passenger jet in time for the Farnborough Airshow in July.
Separately, Reuters reported Thursday that French President Macron personally intervened to persuade Canadian Prime Minister Trudeau to give Airbus (OTCPK:EADSF) (OTCPK:EADSY) and other aerospace firms relief from sanctions on Russian titanium.
The request reportedly was made during a March phone call between the two leaders after Canada broke ranks with allies and slapped sanctions on Russian titanium; Canada soon modified its policy by granting waivers to Airbus (OTCPK:EADSF) (OTCPK:EADSY) and others.
