Daily Management Review

Airbus: production problems impede achieving targets


10/31/2018


Airbus, a European aircraft manufacturing corporation, will rely on the aircraft it acquired in July to maintain supplies and fulfill its promise to produce 800 aircraft in 2018, reports Bloomberg.



pixabay
pixabay
The company still expects to achieve the goal set at the beginning of the year, but only taking into account the 18 A220 aircraft - the model that it acquired from Bombardier Inc. In earlier forecasts, Airbus did not take into account these items.

The change, which was announced along with the results for the third quarter, underlines the production difficulties that Airbus faced during the year, starting with the shutdown of the production of the narrow-body A320neo aircraft due to engine problems.

Airbus also confirmed that delays in the supply of engines from Rolls-Royce Holdings Plc will lead to a decrease in the supply of the A330neo wide-body aircraft.

The British company said in a letter to the employees that by the end of October only 10 Rolls-Royce Trent 7000 engines would be delivered. The production volume was "much less" than the 30 engines promised by Airbus, so it will be able to transfer only 15 wide-body aircraft to airlines by the end of the year.

It is expected that the first commercial flight of the A330neo will take place in the coming weeks, about a year later than the originally scheduled date.

Earlier interruptions, as well as "some internal production problems" make it difficult to achieve the goal for the whole of 2018, Airbus said. "Much remains to be done before the end of the year to fulfill the obligations," the company said.

Airbus adjusted operating profit more than doubled in Q3, as an increase in the supply of A350 wide-body aircraft provided an inflow of cash. The cost of the program decreases as production accelerates.

source: bloomberg.com






Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?

‘We Are Woefully Underprepared’ As Glaciers Meltdown Leaving Global Water Supply At Risk

US to reconsider medical data security laws

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam