Market Intelligence: Europe
Aircraft Manufacturer Airbus Provides 2024 Guidance Update
- A320 ramp-up trajectory adjusted to reflect specific supply chain challenges in a degraded operating environment; around 770 commercial aircraft deliveries now expected in 2024; target production rate of 75 A320 Family aircraft a month maintained and now expected to be reached in 2027
- 2024 guidance updated
Amsterdam, 24 June 2024 – Airbus SE is providing a market update to report on new developments related to its space activities and commercial aircraft business, the impact of which is leading the Company to update its 2024 guidance.
In the first half of 2024, the Space Systems management team conducted an extensive technical review of all programmes, identifying further commercial and technical challenges. On that basis, the Company has decided to record charges of around € 0.9bn in the H1 2024 accounts. These are mainly related to updated assumptions on schedules, workload, sourcing, risks and costs over the lifetime of certain telecommunications, navigation and observation programmes.
In commercial aircraft, Airbus is facing persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment. The Company now intends to deliver around 770 commercial aircraft in 2024 and continues to ramp up towards a rate of 75 A320 Family aircraft per month, which is now expected in 2027.
Accordingly, Airbus is updating its 2024 guidance.
As the basis for its updated 2024 guidance, the Company assumes no additional disruptions to the world economy, air traffic, the supply chain, the Company’s internal operations, and its ability to deliver products and services.
The Company’s 2024 guidance is before M&A.
On that basis, in 2024, the Company now targets to achieve:
- Around 770 commercial aircraft deliveries;
- EBIT Adjusted of around € 5.5 billion;
- Free Cash Flow before Customer Financing of around € 3.5 billion.
The Company’s half-year results will be disclosed on 30 July 2024.
Source: Airbus
Related Posts
Aircraft Manufacturer In Discussion with Military Partner to Expand FFS Training Network
Related Posts
French Flight School Launches Airline Academy Program in 2024
Related Posts
Training Aircraft Manufacturer Elixir Aircraft Delivers Aircraft to 3 Organisations in June 2024
Elixir Aircraft, a fast-growing training aircraft manufacturer headquartered in La Rochelle, France, has delivered aircraft to Aéro-club du Beaujolais, Aéro-club des Navigants and Aéro-club Andernos-les-Bains in France during the month of June 2024. “Many thanks to our customers for their trust, and happy flying! Our customer support department is expanding, and will be keeping a close eye on them!” shared Elixir Aircraft.
Elixir Aircraft is also deploying two aircraft to EAA AirVenture, the world’s largest airshow, held in Oshkosh, Wisconsin, United States. This year marks Elixir Aircraft’s third consecutive appearance at EAA AirVenture, and the company is returning with a larger booth, an expanded team, and renewed enthusiasm following the recent announcement that by the end of 2024, their U.S. site will be operational at Sarasota Bradenton Airport (SRQ). A 12,500 sq ft hangar will be dedicated to the initial reassembly of aircraft delivered to Elixir’s American customers. A second 6,000 sq ft building will be handed over in August 2025, to continue reassembly and maintain a stock of spare parts for the US East Coast.
Moreover, to speed up deliveries, Elixir’s second site in La Rochelle is now opened in the city of Aytré for the production of OneShot composite parts. Elixir Aircraft now has 3 sites in Europe and America.
Source: Elixir Aircraft
Related Posts
Lufthansa Aviation Training and Swiss Federal Institute of Technology Launch Innovative Project to Digitalize Safety Training
- Lufthansa Aviation Training and the Swiss Federal Institute of Technology in Zurich are developing a digital twin for safety and emergency training of cabin and cockpit crews
- Project launch to develop immersive training of all training content in virtual reality on a legal basis
- The project is scheduled to run for three years and is being funded by the Federal Ministry for Digital and Transport (BMDV) with approximately 1.5 million Euros as part of the mFUND innovation initiative
Lufthansa Aviation Training (LAT) and the Swiss Federal Institute of Technology in Zurich (ETH Zurich) are launching an innovative research project on the digitalization of training content in the field of safety and emergency cabin training. On June 11 and 12, 2024, the joint kick-off event for this project took place at Frankfurt Airport with participants from all partners.
Gilad Scherpf, Senior Director Aviation Training Development: “Supported by the mFUND, LAT is investing in the future of training. In addition to the latest technology, the focus is primarily on the skills of our crews and therefore flight safety.”
Today, training for airline crew members takes place almost exclusively in elaborately reproduced cabin dummies and simulators, so-called CEETs (Cabin Emergency Evacuation Trainers). Lufthansa Aviation Training currently operates 17 of these CEETs in a total of six training centers for the continuous training of 40,000 crew members of the Lufthansa Group and external customer airlines. The space requirement per device is 150 m² for a multi-level structure, and the operating costs are around €200,000 per year (average values, source: LAT). The devices are not mobile, which in some cases means long journeys for crew members and consequently unproductive downtimes for flight operations.
The aim of the D-CEET project is to fully replicate an Airbus A320 CEET as a “digital twin” based on existing aircraft and equipment specifications. The resulting data model is intended to enable fully immersive training of all relevant training content in virtual reality (VR) and additionally as a tablet-based application in accordance with the recommendations of the International Civil Aviation Organization (ICAO). In the VR environment, varied and realistic scenarios are presented with the aim of increasing training efficiency and effectiveness. At the same time, the use of equipment and the associated CO2 emissions are to be reduced.
Prof. Dr. Martin Raubal, ETH Zurich: “Digital twins have enormous potential for simulating and testing processes and actions in the real world in advance. Our project poses the exciting research question of whether and how the training requirements for the safety and emergency training of cabin and cockpit crews can be implemented in virtual reality and how efficient such training is. New technologies, such as eye tracking and physiological sensors, allow us to draw conclusions about the cognitive load on the trainees and the effectiveness of the training. These are essential and exciting questions that need to be answered before such immersive training can be used on a large scale.”
The BMDV’s mFUND: Since 2016, the BMDV has been funding data-based R&D projects related to digital and connected mobility of the future with an innovation initiative called mFUND. In addition to providing funding, mFUND enables professional networking among stakeholders from politics, industry, administration and the scientific community and provides open data through the Mobilithek.
About Lufthansa Aviation Training
With its competencies in training flight and cabin crews at ten training locations worldwide, Lufthansa Aviation Training GmbH (LAT) is among the world leaders in the field of aviation training. The company is headquartered at Munich Airport and employs around 800 people at all its locations. Its client portfolio encompasses more than 250 nationally and internationally renowned airlines, among them the Lufthansa Group airlines. LAT operates close to 200 training devices. These include training aircraft for pilot training, flight simulators for all common aircraft types for pilot training, as well as emergency and service mock-ups for cabin crews.
The flight schools of the Lufthansa Group are joined under LAT’s brand European Flight Academy (EFA).
About ETH Zürich – Where future is created
Freedom and personal responsibility, entrepreneurial spirit and openness to the world: Switzerland’s values are the foundation of ETH Zurich. The roots of our technical and scientific university go back to 1855, when the founders of modern Switzerland created this place of innovation and knowledge. At ETH Zurich, students find an environment that encourages independent thinking, while researchers find a climate that inspires top performance. In the heart of Europe and with a worldwide network, ETH Zurich develops solutions for the global challenges of today and tomorrow.
Source: Lufthansa Aviation Training
Photo Credit: Lufthansa Aviation Training
Related Posts
Training Aircraft Manufacturer, Cirrus Aircraft, Releases Service Advisory on the Transition to Unleaded Fuel and Use of Non-Cirrus Approved Fuel in SR Series Aircraft
Cirrus Aircraft released a serviced advisory on June 18, 2024 with a subject “Transition to Unleaded Fuel and Use of Non-Cirrus Approved Fuel in SR Series Aircraft.”
See Cirrus’ advisory below:
“Cirrus is dedicated to proactively addressing the evolving landscape of sustainability regulations, particularly the shift away from leaded aviation fuels. We continue to actively support industry efforts to develop, evaluate, and advance new fuels while supporting a safe industry transition to a future unleaded fuel environment.
These efforts include working directly with industry associations and all stakeholders including AOPA, GAMA, the FAA, and the FAA-Industry EAGLE program through the PAFI certification program. As of June 2024, EAGLE is actively pursuing three potentially viable alternatives/replacements for 100LL: GAMI G100UL, LyondellBasell/VP Racing UL100E, and Swift 100R. Cirrus is dedicated to supporting all major fuel companies in their pursuit to bring alternative high-octane fuels to market.
As part of our proactive participation in the unleaded fuel initiative, Cirrus has been collaborating with potential fuel producers conducting materials compatibility and on-aircraft fuel performance testing for over a decade.
Cirrus is engaged in a comprehensive testing and evaluation program of the GAMI G100UL fuel. Working in coordination with GAMI, our key powerplant partners (Continental and Lycoming), and the FAA during this process, the goal is to ensure operational safety of both the powerplant and airframe fuel systems. While some aspects of the initial Cirrus testing of the GAMI G100UL fuel are encouraging, other areas, including materials compatibility, remain inconclusive. At this time, Cirrus does not approve the use of GAMI G100UL fuel in Cirrus SR Series airplanes. Additionally, Cirrus currently does not warrant or represent in any way an operator’s use of the GAMI G100UL fuel in SR Series airplanes.
Per Continental and Lycoming, only approved fuels may be used for an engine to be covered by warranty. As the GAMI G100UL fuel is a non-approved fuel per Continental and Lycoming, engines known to have run this fuel may not be covered by the current OEM engine warranty. For specific details, please refer to the respective Continental and Lycoming engine warranty documents.
Shell recently announced that 100VLL will be shipping to airports in Europe beginning in April 2024. Cirrus confirms this fuel can be used in all Cirrus SR Series airplanes as it complies with the ASTM D910 standard specification for leaded aviation gasoline. Please refer to FAA SAIB NE-11-55 “Grade 100VLL Aviation Gasoline,” for additional details.
The continued safe operation of all Cirrus aircraft around the world remains our top priority. As progress continues, we will provide updates as soon as they are available. We look forward to ensuring a safe and smooth transition to unleaded fuel for all Cirrus SR Series owners.”
Source: Cirrus