Airbus ramps up deliveries in September, seen focusing on 500 jets in 2020

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Airbus ramps up deliveries in September, seen focusing on 500 jets in 2020

By Tim Hepher PARIS, Oct 9 (Reuters) - Airbus AIR.PA reache


By Tim Hepher

PARIS, Oct 9 (Reuters)Airbus AIR.PA reached the best variety of month-to-month deliveries of passenger planes up to now this yr in September, however logged no new gross sales as crisis-hit airways proceed to bleed money.

The European planemaker delivered 57 jets in September, up from 39 in August, bringing nine-month deliveries to 341, down 40% from the identical interval of 2019, firm knowledge confirmed on Friday.

The drop matches a 40% output fall triggered by the coronavirus disaster, with Airbus deciding final month to take care of the brand new charges unchanged. A big variety of jets had been delivered from a parked backlog.

Airbus axed steering on the outset of the pandemic however is internally focusing on round 500 deliveries in 2020 and is three quarters of the best way in direction of its purpose, trade sources stated.

It delivered a file annual complete of 863 jets in 2019.

Jet markets are moribund as a result of affect of the disaster on demand and airline steadiness sheets, though Boeing is seen chasing some offers to bolster its 737 MAX.

Boeing this week minimize its long-term demand forecasts for the primary time in additional than ten years and warned of a difficult decade forward.

In response to Airbus knowledge, Macquarie Monetary Holdings, a unit of Australia’s Macquarie Group MQG.AX, cancelled three out of 40 A220 jets initially ordered from Canada’s Bombardier, which bought the passenger jet programme to Airbus in 2018.

Thus far this yr, Airbus has bought 379 plane or a internet complete of 300 after cancellations.

It stays far in entrance of its U.S. rival which had bought 67 plane by the top of August and had a unfavourable internet complete of 378 orders dominated by cancellations for the Boeing 737 MAX, which has been grounded for 18 months after two crashes.

Boeing delivered 87 jets between January and August.

(Reporting by Tim Hepher; Modifying by Alexander Smith)

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