Airbus is tackling supply chain problems, senior executive says

HAMBURG, (Reuters) -Planemaker Airbus has put in place measures to stabilize global supply chain pressures, a senior manufacturing executive announced on Thursday.

Andre Walter, Chief Executive of Airbus Aerostructures, stated that the company is increasing its checks on small suppliers’ financial health. While he didn’t comment on the financial crisis in the banking sector, he said that Airbus has not seen a significant increase in the number firms facing problems.

Walter is the Airbus senior commercial manufacturing executive in Germany. He stated that the planemaker finished 2022 with A320 family production of 45 aircraft per month. The company also reiterated its plans to bring the A321XLR into service in the second quarter 2024. Airbus has sold 560 units of its longest-range single aisle model.

Airbus shares were about 1% more at 1000 GMT

(Reporting by Tim Hepher; Writing by Friederike Heine; Editing by David Goodman, Paul Carrel).

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