In order to reach its annual goal, Airbus (EADSY) will need to deliver its aircraft at record pace, Tim Hepher of Reuters reports, citing industry sources and analysts. The company is targeting a 7% increase in deliveries to reach 820 aircraft this year but has faced delays in receiving equipment and engines.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EADSY:
- “The End of Chinese Airline Manufacturing”: Big Boeing (NYSE:BA) Deal Prompts Slip in Shares
- Air Lease delivers two new A321-200neo jets to China Airlines
- “Decades-Long Reign” Ending: Boeing Stock (NYSE:BA) Slides as Airbus Overtakes
- Boeing Stock (NYSE:BA) Gains Despite Sub-Par July Numbers
- Airbus price target raised to EUR 186 from EUR 185 at Deutsche Bank