Airbus

Airbus delivers 488 aircraft, revenue up €42.6b, EBIT adjusted €3.6b in nine month

Posted on by Wole Shadare
Airbus delivers 488 aircraft, revenue up €42.6b, EBIT adjusted €3.6b in nine month

Free cash flow before M&A and customer financing € 1.0 billion     Airbus reported consolidated financial results for the nine months ended 30 September 2023, as the firm continues to make progress in its operational plan in a global environment that has become increasingly complex. “The nine-month earnings reflect higher commercial aircraft dein a global environment liveries, the good performance in helicopters as well as charges linked to the reassessment of certain satellite development…

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Airbus delivered 71 aircraft in October, edges towards 2023 goal

Posted on by Wole Shadare
Airbus delivered 71 aircraft in October, edges towards 2023 goal

European aircraft giant, Airbus said in its monthly bulletin that it delivered 71 aircraft in October, up 18% from the same month last year. The October tally, which also accelerated from 55 aircraft in September, brings total deliveries so far this year to 559 units compared with a full-year target of 720. It is in line with a forecast of 71 aircraft by analysts at Jefferies, which said the higher pace of deliveries had “further de-risked”…

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Airbus renews transatlantic fleet with lower-emission ships

Posted on by Wole Shadare
Airbus renews transatlantic fleet with lower-emission ships

Airbus said it would renew the entire fleet of chartered vessels that transport aircraft subassemblies between production facilities in Europe and the United States with three modern, low-emission roll-on/roll-off vessels, supported by wind-assisted propulsion. Airbus has commissioned ship owner Louis Dreyfus Armateurs to build, own, and operate these new, highly efficient vessels that will enter into service from 2026. The new fleet is expected to reduce average annual transatlantic CO2 emissions from 68,000 to 33,000…

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Airbus announces changes to leadership team

Posted on by Wole Shadare
Airbus announces changes to leadership team

Aircraft giant, Airbus has announced changes to the leadership team led by Chief Executive Officer Guillaume Faury, as well as the appointment of a designated Commercial Aircraft business management team which will operate under the helm of Christian Scherer. “Looking at our key priorities, we want to put the Company in the right configuration for the future,” said Guillaume Faury, Airbus CEO. “Our leadership team will further focus on the operational challenges of today while…

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Airbus to install fuel-saving sails for maritime operations, to cut 1, 800 tons CO2 emissions annually

Posted on by Wole Shadare
Airbus to install fuel-saving sails for maritime operations, to cut 1, 800 tons CO2 emissions annually

Aircraft maker, Airbus has concluded plans to equip one of the vessels it uses to transport aircraft subassemblies, chartered from ship-owner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL, developed by the Spain-based firm bound4blue, creates as much as six to seven times more lift than a conventional rigid sail. It consists of a sail-like vertical…

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Airbus nominates new Commercial Aircraft business CEO

Posted on by Wole Shadare
Airbus nominates new Commercial Aircraft business CEO

Scherer to report to Faury Nomination to ensure dedicated operational focus   Aircraft maker, Airbus has announced a leadership evolution in the Executive Committee, establishing a dedicated head at the helm of the Commercial Aircraft business. This has seen Christian Scherer become Commercial Aircraft Business CEO. Airbus CEO, Guillaume Faury said since 2019, the leadership roles of Airbus and its Commercial Aircraft business have been combined, providing alignment and speed of execution during a period…

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