Image Courtesy: Airbus
Airbus provides update for March commercial aircraft orders and deliveries. This comes after a solid performance at the beginning of 2020. Due to the current Coronavirus market environment Airbus is revising it production rates lower to adapt to the global changes.
In the first quarter of 2020, Airbus booked 290 net commercial aircraft orders and delivered 122 aircraft. To date 60 additional aircraft were produced during the quarter, but remained undelivered reflecting customer requests to defer deliveries due to the COVID-19 pandemic.
“The impact of this pandemic is unprecedented. At Airbus, protecting our people and supporting the fight against the virus are our chief priorities at this time. We are in constant dialogue with our customers and supply chain partners as we are all going through these difficult times together”, said Airbus Chief Executive Officer Guillaume Faury. “Our airline customers are heavily impacted by the COVID-19 crisis. We are actively adapting our production to their new situation and working on operational and financial mitigation measures to face reality.”
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