AMSTERDAM, April 10 (Reuters) - Airbus voiced
confidence in airplane output forecasts on Wednesday, telling
shareholders it hoped to overcome lingering supply challenges at
an Amsterdam meeting held against the backdrop of a deep
corporate crisis at U.S. rival Boeing ( BA ).
Shares in the France-based company have risen 16% since
the start of the year, while Boeing ( BA ) - dealing with the
aftermath of a panel blowout on a 737 MAX 9 - has lost 29%.
Shareholders agreed a partial renewal to the board and
backed a one-euro-per-share special dividend worth almost 800
million euros on top of an unchanged regular payout.
Airbus responded to pressure from investors to return some
cash by unveiling the proposed special dividend in February,
signalling confidence in its commercial-led business despite
taking hefty charges at its troubled Space arm.
The world's largest planemaker is seeing orders from
airlines recovering from the pandemic, helping it to build cash
reserves in contrast with its rival which is in the midst of
management upheaval and debts stemming from earlier crises.
Analysts said the planemaker appeared on track to meet its
annual delivery target of 800 aircraft after confirming 142
first-quarter deliveries on Tuesday, as reported by Reuters.
But core single-aisle production is running below internal
planning levels at around 50 a month, meaning it must accelerate
to meet a target of 75 a month in 2026, industry sources said.
Airbus has said it is on the right path to meet the goal.
"We continue to operate in an environment that remains
complex ... affected by geopolitical tensions and supply chain
challenges," Chief Executive Guillaume Faury said.
However he reaffirmed the 75 a month goal as well as a
parallel target to lift A350 output to 10 a month in 2026.
The company faces mounting cost pressures after investing in
resources to secure the ramp-up, pushing it above internal cost
projections earlier this year, industry sources said.
Other possible warning signs of industrial stress include an
increase in the amount of time lost to injuries relative to
hours worked in the civil business, bucking a more positive
trend in the group. Airbus says eradicating the causes of such
problems will be a focus this year.
Officials said Airbus remained committed to investing in
digital technology after abandoning talks last month to buy the
BDS cybersecurity and big-data business of Atos,
prompting France to pledge to protect certain strategic assets.
"We will look we will continue to look for ways to grow in
cyber and cybersecurity" including through organic growth and
potential acquisitions, Airbus Chairman Rene Obermann said.
He cited a decision last month to buy German IT firm INFODAS
for an undisclosed sum.