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Benzinga
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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