Airbus faced a slow-down in the production in the first three months of the year, resulting in what analysts called a “grisly” quarter. The manufacturer has handed over 121 aircraft during the first quarter of the year 15 aircrafts fewer than last time.
The plight of Airbus has been due to problems related to the delivery of engines for its bestselling A320 airliner. The problems with the new engines made by Pratt & Whitney & CFM for the A320 neo reveals that there is a shortage. This has resulted in engineless A320neos dotted around the airfield at the company’s Toulouse headquarters.
The CEO of Airbus Tom Enders said, “The financial performance reflects the shortage of A320neo engines and back loaded aircraft deliveries.” Airbus has begun a feasibility study with its supply chain to see if a higher production rate of A320s can be managed, taking it from the current 55 per month to a new target of 63 by next year, up from the existing goal of 60. The A320 are designed to use about 15pc less fuel than their peers.