Supply chain trouble leaves Airbus struggling to deliver
Delays and shortfalls are causing Airbus to struggle with delivery deadlines in the first six months of 2018.
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Chief Executive Tom Enders said on Wednesday that the company was doing it best to deliver around 800 jets but was struggling due to supplier bottlenecks. So far the company has only managed to deliver 303 planes.
Enders told investors that the problems were being solved and deliveries would be meeting their targets including 80 plane deliveries last month.
"We are now trying to equip all these aircraft with engines and get them off the tarmac. The engine makers are catching up."
The delays have caused airlines to cancel flights and use older, less fuel-efficient aircraft as replacements.
The Airbus planes most affected by delays are the single-aisle aircrafts and are powered either by engines from CFM International, a joint venture of General Electric Co. (GE) and SAFRAN SA (SAF.FR), and Pratt & Whitney, a unit of United Technologies Corp. (UTX)
According to the Wall Street Journal, Airbus considered slowing production of single-aisle design to allow engine makers, like supplier Pratt & Whitney, to catch up but didn't want to slow down suppliers in other segments.