Airbus Aims To ‘Significantly’ Cull Aircraft Inventory by Year-end | Aviation International News

Airbus Aims To ‘Significantly’ Cull Aircraft Inventory by Year-end

Europe's dominant OEM counted 145 unshipped airplanes in inventory at the end of June because of the Covid-19 pandemic.

By Cathy Buyck • Contributor - Europe

July 30, 2020

Airbus is not providing a forecast for 2020 deliveries or produced aircraft that could remain undelivered to customers, but executives have expressed confidence that the company would clear most of the inventory by the end of the year. The European OEM on June 30 carried a stockpile of 145 commercial aircraft, unshipped because of the pandemic. Speaking during a first-half results call with analysts on Thursday morning, Airbus CEO Guillaume Faury said the company would “significantly” reduce the inventory by the end of the year thanks mainly to what he called the convergence of production and deliveries.

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