Airbus CEO Expects Positive Demand For Wide-Body Jets In Next Two Years

Airbus CEO Expects Positive Demand For Wide-Body Jets In Next Two Years
  • In an interview with reporters, Airbus SE EADSY EADSF CEO Guillaume Faury said he expects 2023 and 2024 will be positive years for wide-body jet demand.
  • Speaking to the AJPAE aerospace media association, Faury also said that the competitive impact of the U.S. Inflation Reduction Act, which includes support for alternative fuel, was "a real subject of concern." 
  • Faury remained cautious over supply chain challenges.
  • On Tuesday, Airbus abandoned a numerical forecast for jet deliveries and said its previous target of "around 700" deliveries in 2022 was now out of reach but did not expect to fall "materially short" of the estimate.
  • Airbus delivered a net total of 563 aircraft between January and November after adjusting for the earlier cancellation of two jets caught up in Western sanctions against Russia over the Ukraine war.
  • Also see: Airbus Negotiating Over Libya and Kazakhstan Bribery Settlement Talks.
  • Separately, the U.S. Federal Aviation Administration approved special conditions for the Airbus A321XLR after raising concerns that a novel fuel tank type could pose fire risks in its newest narrow-body jet.
  • The FAA said it would require that the lower half of the A321XLR fuselage be resistant to fire penetration to protect passengers, Reuters reported.
  • The FAA publication provides further clarity surrounding the development of the new jet, whose introduction has been delayed to 2024. 
  • The FAA said the special conditions are needed because the new Airbus twin-engine plane includes an RCT located in the airplane fuselage rather than in its wings.
Posted In: BriefsGovernmentLarge CapNewsGeneral