"Hell ride" for Airbus because of the shortage of engines | TIME ONLINE



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Toulouse (dpa) – The missing engines for the medium-haul A320neo pose problems to the aircraft manufacturer Airbus .

CEO Tom Enders said he was aiming to deliver 800 commercial aircraft this year: "It's going to be a hell of a trip, but it's possible." After almost seven months, not even half has been done. Enders reported to Toulouse, but at the same time on good key figures, the stock has reached a record high.

For engines, the manufacturers Pratt & Whitney and CFM do not yet respect deliveries. In the middle of the year, Airbus had about 80 aircraft missing engines in front of the factory buildings. In May, there were still 100 machines. "We are on the right track, but there is still a lot to do in the second half of the year," Enders said. Chief Financial Officer Harald Wilhelm Airbus wants to share the cost of delays with engine manufacturers.

Airbus doubled its non-recurring operating income in the second quarter to 1.15 billion euros. Wilhelm explained the increase over the same period last year with the progress of the A320neo and the latest A350 jet model with large capacity. The share price rose 5.7% to 111.12 euros, reaching the highest level in its history.

For the entire year, Airbus continues to aim for increased profits. Adjusted for exceptional items, operating profit should rise from 4.25 billion euros to 5 billion euros.

The small medium-range A220 jet, which Airbus has just taken back from Bombardier, pushes back 2018 but on the result. Airbus had taken advantage of the imbalance of the Canadian aircraft and train manufacturer and took over most of its mid-range C program in early July. The is now marketed under the name of Airbus A220.

The group plans to deliver about 18 aircraft in the second half of the year. These are added to the 800 targeted deliveries from the previous product line. With that, Airbus is stripping the throne of its great rival Boeing. The US group has set a goal for the current year, the delivery of commercial aircraft 810 to 815.

Airbus can not complain about a lack of demand. At the Farnborough Air Show in the UK, the manufacturer recently won orders and preliminary contracts for more than 400 civil aircraft. Boeing even received more than 500 jets.

Enders thinks that Airbus will now also increase the production of its A350 and A330neo planes according to the order situation. In the world's largest A380 jet, the automaker has reduced production to 6 per year due to a lack of demand of up to 30 aircraft.

The Group realized 25 billion euros in the first half, down 1% from the previous year. Adjusted operating profit was 1.16 billion euros, up 110%. The company employs 129,450 people worldwide.

Airbus communication at the 1st semester 2018 numbers

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