Airbus Must Deliver Almost 100 Planes in December to Meet Full-Year Targets
December 06 2016 - 6:38AM
Dow Jones News
By Robert Wall
Airbus Group SE has to deliver almost 100 planes in December to
meet full-year targets after delayed handovers throughout the year
have put the European plane maker behind plan.
Airbus on Tuesday said it had delivered 61 planes in November,
bringing its total this year to 577 jets. The Toulouse,
France-based company has said it would ship more than 670 airplanes
in 2016 to meet earnings targets.
Achieving its goal will require a record number of plane
deliveries for a single month.
Airbus deliveries have been hampered by suppliers failing to
ship parts on time, leaving some A320 short-haul planes without
engines and A350 long-haul jets lacking seats. Airbus plans to
deliver at least 50 A350 jetliners this year and had delivered only
34 in the first eleven months of the year.
The plane maker, the world's second biggest after Boeing Co.,
also said it had booked 15 more plane orders last month. The
company booked 600 gross orders this year through November, or 410
net orders once reflecting cancellations throughout the year.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
December 06, 2016 06:23 ET (11:23 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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