Airbus CEO says it has measures in place to stabilize global supply issues

Airbus has measures in place to stabilize global pressure on its supply chains, a senior manufacturing executive said on Thursday Mar. 16.

Airbus Aerostructures Chief Executive Andre Walter said it is making increased checks about the financial health of small suppliers. Speaking to French reporters in Hamburg, he did not comment on the scare in the banking sector, but said Airbus is not seeing a surge in the number of firms with problems.

Walter, who is the senior commercial manufacturing executive for Airbus in Germany, said the planemaker ended 2022 with A320-family production of 45 aircraft a month and reiterated plans to introduce the new A321XLR to service in second-quarter 2024. Airbus has sold 560 of its longest-range single-aisle model.

Shares in Airbus were trading about 1% higher at 1000 GMT.

Reuters.com by Tim Hepher, Writing by Friederike Heine, Editing by David Goodman and Paul Carrel