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Airbus sticks to aircraft production target despite supply chain woes

Board plans to propose renewing Guillaume Faury’s mandate as chief executive next year

Airbus has reaffirmed its goal to deliver “around 770” commercial aircraft to customers by the end of the year, despite persistent supply chain challenges that have hampered plans to increase production. 

The world’s largest aircraft maker on Wednesday also said the board would propose the renewal of Guillaume Faury’s mandate as chief executive in 2025.

It came as Airbus reported higher than expected profit for the third quarter, recording adjusted operating earnings of €1.4bn for the third quarter, up 39 per cent compared with the same period a year earlier. Revenues rose 5 per cent to €15.7bn at the aerospace and defence group, which has its main factories in Toulouse.

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