Global Aircraft Manufacturer Highlights First Half 2022 Performance and Orderbook Backlog

Airbus in its first half of 2022 report highlights targets on aircraft production. Highlights and an excerpt from the report are as follows:

• 297 commercial aircraft delivered in H1 2022
• A320 Family monthly production rate target of 75 for 2025 unchanged; adjustment to 2022 and 2023 ramp-up trajectory
• 2022 guidance updated to around 700 commercial aircraft deliveries
• Gross commercial aircraft orders increased to 442 (H1 2021: 165 aircraft)
• Net orders of 259 aircraft after cancellations (H1 2021: 38 aircraft).
• The order backlog amounted to 7,046 commercial aircraft on 30 June 2022.

"The supply chain challenges are leading us to adjust the A320 Family ramp-up steps in 2022 and 2023, and we now target a monthly rate of 65 in early 2024 [...]” said Guillaume Faury, Airbus Chief Executive Officer. “The Airbus teams are engaged with suppliers and partners to ramp up towards an A320 Family monthly production rate of 75 in 2025, backed by strong customer demand."

"On the A320 programme, production is progressing towards a rate of 75 aircraft per month in 2025 as previously communicated. Given the current supply chain challenges, the Company is adapting the ramp-up trajectory and now targets a monthly rate of 65 in early 2024, around six months later than previously planned. The first flight of the A321XLR took place in June, representing an important milestone towards the aircraft’s entry-into-service that is expected to take place in early 2024. On widebody aircraft, the Company is exploring, together with its supply chain, the feasibility of further rate increases to meet growing market demand as international air travel recovers."

Source: Airbus Press Release

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