Airbus (AIR.PA) doubled down on plans to raise jet output across the board next year, with its top executive reminding engine makers of their commitments in the face of “challenging” supply chains, as jetliner demand led its third-quarter profit higher.
Airbus said adjusted operating earnings rose 21% to 1.013 billion euros ($1.08 billion) and would have been higher but for a 300 million-euro charge on unidentified satellite programmes, said by sources to include commercial telecoms family OneSat.
Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
