Paris — Airbus said on Monday it is sticking to its target of 800 aircraft deliveries this year, despite problems with getting timely delivery of new, fuel-efficient engines for its A320neo jets. According to a report by Bloomberg on Monday, setbacks with the supply of engines by Pratt & Whitney, which are being fitted into nearly half of the medium-haul A320neo jets, could jeopardise Airbus’s overall annual delivery target. The report sent Airbus shares falling on the Paris stock exchange on Monday, where they fell nearly 3% at the opening. At about 11am, they were showing a loss of about 2.1% at €98.09, while the overall market was down 1.1%.
Problems with engines of both Pratt & Whitney and those jointly made by Safran and General Electric have led to delays in delivery of A320neo jets. Airbus said in April its ability to meet delivery targets this year would depend on the engine makers meeting their deadlines. But engine delivery has been consistently late for two years. N...
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