Airbus Seeks to Ease Investor Anxiety | Aviation International News

Airbus Seeks to Ease Investor Anxiety

Lays out plan to address production, profitability challenges.

The Airbus A380 arrives at the Farnborough Air Show on July 11. Airbus has decided to cut production on the superjumbo from 27 last year to just 12 in 2018. (Photo: Airbus)

By Gregory Polek • Senior Editor

July 14, 2016

Airbus executives attempted to allay concerns over production-rate cuts on the A380 and ramp-up challenges associated with the A350 and A320 during an investors meeting held in London Wednesday. Airbus Group CEO Tom Enders said the European company and its partners have “ironed out” most of the problems with the A320neo as it takes the first newly updated Pratt & Whitney PW1100G geared turbofan (GTF) engines this month.

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