Airbus is racing to meet strong global demand — with the aim of delivering 720 planes this year. But in the long run, it will have to fight for share because of a growing rivalry with China’s manufacturers.
“We have a huge backlog, 8,000 airplanes at this point — and goes into the future,” said Airbus Americas Chairman and CEO Jeff Knittel. “Demand is exceptionally strong, both on single aisle and widebody.”
Knittel — speaking at the Skift Aviation Forum in Fort Worth, Texas, on Wednesday — attributed the demand to industry growth and shorter replacement cycles for older aircraft.
The Airbus Americas chairman said they’ve improved their delivery times for aircraft since the pandemic. They’ve also improved their supply chain partnerships.
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.
