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Benzinga

Business

Akanksha Bakshi

Airbus Steps Up Monitoring Chinese Supply Chain: Reuters

Airbus Supply chain Guillaume Faury EADSY Airbus SE China Pandemic

Airbus SE (OTC:EADSY) is tightening monitoring of its Chinese supply chain following the increased disruption caused by recent pandemic lockdowns, Reuters reported, citing Airbus Chief Executive Guillaume Faury.
"The whole worldwide supply chain is complicated at the moment," he mentioned at a news briefing in his capacity as head of France's Gifas aerospace industry association.
Worsening logistical problems in China have added to broader pressures, such as issues with raw material supplies, said Faury.
Airbus CEO reaffirmed that Airbus plans to raise production of narrowbody A320-family jets to 65 a month by summer 2023.
Price Action: EADSY shares closed lower by 0.41% at $26.82 on Wednesday.

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