Airbus deliveries fell 4% in May, Infra News, ET Infra
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Airbus delivered around 51 airplanes in May, industry sources said, down 4 per cent from the same month last year.The tally brings deliveries so far this year to around 243 aircraft, down 5 per cent from the first five months of 2024. Airbus declined comment ahead of a monthly performance bulletin on June 5.Airlines holding their annual gathering in New Delhi this week criticised manufacturers for supply problems that have persisted for several years since the pandemic, with the head of Saudi budget carrier flyadeal calling delays "inexcusable".Airbus has said it expects the delays, caused in part by slow arrivals of engines, to stabilise during the summer.
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Time of India
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Time of India
a day ago
- Time of India
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Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App By Tim HepherPARIS: The top supply chain executive at planemaker Airbus, procurement chief Juergen Westermeier , has been appointed to run the group's operations in India and South Asia from September 1, according to an internal memo seen by successor is "subject to further notice," the memo declined to comment on internal European planemaker has been struggling to maintain production and deliveries of passenger jets on schedule while also attempting to steady a global supply chain hit by labour shortages and a loss of experience since the COVID-19 deliveries fell 4% in May and are 5% down for the year as a whole, Reuters reported on Tuesday, leaving the company an ambitious task to reach its target of increasing deliveries by 7% to 820 planes for 2025 as a whole.A leading analyst, Cirium Ascend head of consultancy Rob Morris, posted on LinkedIn on Wednesday that production of the Airbus A320neo family had fallen behind Boeing's 737 MAX in May for the first time since August 2019, based on first declined comment on monthly has blamed production shortfalls on weak supply chains, particularly in engines and some move is the second shake-up of critical engineering or industrial roles in as many weeks after the group's overall technology chief Sabine Klauke was moved to focus on digital design and manufacturing had pressured suppliers on quality and urged them to carry more stock, according to a letter disclosed by Reuters in 2021. Last year he oversaw an initiative to unify standards. However, some suppliers have said a new focus is needed to coax the supply chain into supporting higher output.A person close to the company said Westermeier's move was not linked to the recent supply chain situation, which had in any case started to stabilise. In the memo seen by Reuters, CEO Guillaume Faury praised the German executive's replaces Remi Maillard who was named head of technology last month as Airbus studies the building blocks for a future replacement of its best-selling A320neo jet. (Reporting by Tim Hepher. Editing by Jane Merriman and Nia Williams)
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What Should Investors Watch for in the ECB Rate Decision? FAQs: The US stock market is gearing up for a positive start as futures point higher ahead of key economic reports due over the next two days. Dow futures have climbed by 60 points, signaling optimism among investors. Meanwhile, the S&P 500 and Nasdaq futures are trading just above the flat line, reflecting cautious but hopeful sentiment. This comes after a quiet trading day on Wednesday, where disappointing private payrolls and services PMI data kept the market rangebound. Wall Street watchers are now turning their focus to the official jobs report due Friday and the European Central Bank's upcoming rate decision. Let's unpack what's happening and why these numbers are watching these figures closely as they could influence the Federal Reserve's next moves on interest rates. Meanwhile, ongoing trade tensions, fueled by President Trump's tariff policies and current trade talks, continue to add volatility to the boost in Dow futures suggests traders are bracing for better news despite recent weak reports. Private payroll data released earlier showed disappointing growth, and the services PMI also underperformed expectations. However, economists remain divided on the private payroll figures. Many point out ADP's poor track record lately and advise waiting for the official US jobs data on Friday before drawing conclusions. This cautious optimism is reflected in futures rising ahead of Friday's report, as investors hope the official numbers will paint a healthier picture of the labor trading session was mostly flat, with the Dow Jones ending lower. The S&P 500 and Nasdaq managed slight gains thanks to stronger performances from tech stocks. 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