⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Airbus CEO hopes for smoother production flow in 2017

Published 01/11/2017, 05:19 AM
Updated 01/11/2017, 05:30 AM
© Reuters.  Airbus CEO hopes for smoother production flow in 2017
AIR
-
RTX
-
RATE_old
-

TOULOUSE (Reuters) - Airbus (PA:AIR) is expecting a smoother flow of aircraft production in 2017, the planemaker's chief executive said on Wednesday, after the company reported a record number of deliveries in December.

Airbus delivered a record 111 aircraft in December, with the last-minute surge allowing it to meet its delivery target for 2016 after supply chain problems hampered the planemaker earlier in the year.

"Don't go fast to the conclusion that this year we will maintain this delivery (rate) across 2017. We don't intend to deliver 1,200 aircraft," Fabrice Bregier told a news conference on Wednesday.

"We will see for December 2017. But I hope we will not have to strike another record and that we will be a bit smoother during the year," he said, adding that the first six months of 2016 had been unusually difficult from a production perspective.

Problems with engines for the A320neo were one of the issues during 2016. Bregier said the Pratt & Whitney (N:UTX) engines were now working well, but added: "That doesn't mean they don't need to be improved."

On the wide-body A350 plane, which experienced delays due to cabin issues, Bregier said he believed the program was largely de-risked and that reliability should rise to above 99 percent in one year.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.