## Airbus Cuts 2024 Aircraft Delivery Target by Around 10%; Postpones the Scale-Up Target by One Year## Airbus Cuts 2024 Aircraft Delivery Target by Around 10%; Postpones the Scale-Up Target by One Year June 25, 2024 by Ajay After delivering 735 aircraft to airlines worldwide in 2023, Airbus initially set a higher target to deliver 800 aircraft by 2024. However, it has just been announced that this scale-up is being postponed due to ongoing supply chain issues. ### Airbus Cuts Delivery Targets to 770 Aircraft Airbus announced it had cut its revenue and aircraft delivery targets for 2024 after European markets closed on Monday, June 24, 2024. The airline stated that ongoing supply chain issues are preventing the OEM from achieving its previous goal. Airbus stated that these problems are mainly related to engines, aircraft structures, and cabin equipment. ### Short Summary Airbus has cut its 2024 aircraft delivery target from 800 to 770. The OEM says supply chain issues such as engines and aircraft structures are responsible for aircraft manufacturers’ inability to deliver. The OEM will also pursue its target of building and delivering 75 A320 family aircraft per month between 2026 and 2027.
Airbus cuts 2024 aircraft delivery target by around 10%; postpones the scale-up target by one year
After a year in which Airbus delivered 735 aircraft to airlines worldwide (in 2023), Airbus set a higher target to deliver 800 aircraft by 2024. However, it has just been announced that this scale-up is being postponed due to ongoing supply chain issues.
Airbus cuts delivery targets to 770 aircraft.
Airbus announced it had cut its revenue and aircraft delivery targets for 2024 after European markets closed on Monday, June 24, 2024. The airline stated that ongoing supply chain issues are preventing the OEM from achieving its previous goal. Airbus stated that these problems are mainly related to engines, aircraft structures and cabin equipment.
Airbus
The company expects to deliver 770 aircraft this year, down from its previous target of 800. The jet maker has also postponed its goal of producing 75 single-aisle A320 aircraft per month by one year to 2027.
Chief among the problems seems to be the inability to get more powerplants (engines), especially with all the turmoil at Pratt & Whitney, one of the two engine options (GTF) for the A320 aircraft, the other being CFM International’s LEAP is. . Problems with Spirit Aerosystems, which produces key parts for Airbus and Boeing aircraft and is expected to be sold back to Boeing this week, could also play a role in this situation.
Airbus will also take a hit on its financial projections.
In short
Airbus has cut its 2024 aircraft delivery target from 800 to 770. The OEM says supply chain issues such as engines and aircraft structures are responsible for aircraft manufacturers’ inability to deliver. The OEM will also pursue its target of building and delivering 75 A320 family aircraft per month between 2026 and 2027.
What do you think will be the impact of this move by Airbus on global aircraft demand?
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