Airbus helps suppliers with financial support to boost productivity: reports
The European planemaker Airbus is helping its suppliers with financial support in an effort to boost aircraft production rates after falling just short of its target in 2024.
According to The Times, the CEO of Airbus Guillaume Faury told one of its journalists that the company was using the strategy to overcome frustrations in the supply chain caused by issues with engine manufacturers, namely CFM International.
“We are giving support to the supply chain. It has a financial dimension but that’s not a problem. It is also about human resources deploying people to support supply chain management teams,” said Faury.
Support is limited and does not set a trend for all suppliers and is given on the basis that it will be paid back by suppliers.
However, Faury feels the approach is necessary to “ramp up” production as Airbus looks to deliver 75 narrowbody aircraft a month in 2027.
Airbus’ CEO of Commercial Aircraft, Christian Scherer, described 2024 as a “good year” for the company, despite just falling short of its delivery target over the 12 months.
On January 9, 2025, Airbus confirmed that it had delivered 766 commercial aircraft, just short of the 770 it had planned after revising a target of around 800 planes down in 2024.
A shortage of engines and other key components are understood to be the cause behind missing targets, but Faury expects the problems to be behind Airbus by 2026.
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The post Airbus helps suppliers with financial support to boost productivity: reports appeared first on AeroTime.
The European planemaker Airbus is helping its suppliers with financial support in an effort to boost aircraft production…
The post Airbus helps suppliers with financial support to boost productivity: reports appeared first on AeroTime.
