Airbus is on track for its delivery targets, according to CFO Thomas Toepfer. He also mentioned that the company is looking into smaller defense deals as part of its M&A efforts.
Airbus SE reported a 54% increase in second-quarter earnings as aircraft production improved, fueling the European planemaker’s optimism that it can achieve its delivery target for the year.
Airbus SE issued a set of ambitious financial targets for the next three years, including a €5 billion buyback plan and a doubling of profit, as the European planemaker puts its focus on raising output and bolstering a stock that has languished this year.
Rolls-Royce Holdings Plc expects Airbus SE within a year to finalize plans for the design of an extended version of its biggest jet. Chief Executive Officer Tufan Erginbilgic told journalists at the Farnborough International Airshow on Tuesday.
Boeing secured a flurry of deals on the opening day of the Farnborough International Airshow, pulling in almost 150 orders. However, Airbus punched back with a big commitment in the afternoon as the two rivals fight for business from airlines and leasing companies.
Riyadh Air firmed up options to buy Boeing Co. and Airbus SE jets as the Saudi Arabian new startup carrier is looking to grow operations.
Riyadh Air, Saudi Arabia’s new startup carrier, is set to lock in additional aircraft from Airbus SE and Boeing Co. after a long-awaited start to operations.