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Airbus is running out of aircraft engines

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Airbus is running out of aircraft engines

Deliveries of Airbus aircraft slowed in July as supply chain disruptions left unfinished aircraft without engines. There is good news, however, as the company has confirmed a large order from China for almost 300 aircraft. In particular, it delivered 46 aircraft to the international market last month, compared to 60 in June and 47 in July 2021. Cumulatively, Airbus now expects to deliver fewer aircraft for this entire year than originally estimated due to engine supply issues. Previously, he was talking about 720, and now about 700 aircraft by 2022.

Most of Airbus’ short-body aircraft are manufactured at the company’s manufacturing centers in Toulouse, France and Hamburg, Germany. Aerospace analyst Chloe Lemary of Jefferies notes that August will be a quiet month with no surprises in terms of aircraft deliveries, as evidenced by her own test flight tracking. Airbus’ share price rose 0.75% in morning trading yesterday. For all 7 months of 2022, the company provided its customers with 343 aircraft, or rather 341, because it removed two A350s that were built for the Russian Aeroflot, but it was impossible to give them away due to EU sanctions. and the USA at the expense of Moscow. Instead, Turkey has become the country that finally received two Airbus A350s. In addition, the company said it had canceled another order from Aeroflot involving four A350s that aviation industry sources said could end up in Turkey again.

Meanwhile, a European aerospace company has secured a major order for nearly 300 aircraft for China’s state-owned airlines, announced last month. In addition, he had other orders, which were also placed as part of the Farnborough International Air Show. Since the beginning of the year, Airbus has sold 843 aircraft, or 656 adjusted for cancellations. Across the Atlantic, Boeing’s archrival, which dominated the headlines during the Farnborough show in an effort to revive buying interest in the troubled 737 MAX, was due to release final delivery details late last night. However, it should be noted that Airbus’s order data did not yet reflect its decision to cut its business relationship with Qatar Airways due to a serious dispute over the safety of the more than 20 A350s the latter already owned. Finally, Reuters reported exclusively last week that Airbus had canceled all of the airline’s orders for the A350 aircraft.

Author: Reuters

Source: Kathimerini

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