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Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.
Airbus is drawing up a new turnaround plan for its Space Systems business, industry sources said, adding talks over potential European consolidation to fend off competition include Italy's Leonardo as well as France's Thales.
Airbus CEO Guillaume Faury discusses supply-chain concerns, the planemaker's order backlog and demand for commercial aircraft. Speaking with Bloomberg's Guy Johnson at the Farnborough International Airshow.
Leonardo and France's Airbus are discussing ways to strengthen collaborations and industrial synergies, the chief executive of the Italian defence group said on Friday.
Airbus announced plane deals with Japan Airlines and Virgin Atlantic at the Farnborough Airshow on Tuesday, while Qatar Airways held out the prospect of a "sizeable" order for wide-body jets around the end of this year or in early 2025.
Airbus said that its order backlog is now so large that it is turning away customers, especially in the narrowbody or single-aisle short-haul space. Speaking at the Farnborough Airshow, chief executive Guillaume Faury said it cannot produce planes quickly enough to match demand in the market currently.
Japan Airlines has ordered 20 Airbus A350-900 and 11 A321neo planes, Airbus's planemaking chief Christian Scherer said at the Farnborough Airshow on Tuesday.
Virgin Atlantic has ordered a further seven Airbus A330-900 planes, the airline said at the Farnborough Airshow on Tuesday.
Farnborough Air Show kicks off with $51 billion in deals as Airbus shows off new ultra long-haul jet
The Farnborough Air Show generated deals at list prices worth £39.3 billion ($50.8 billion) across its first day, according to the event's organizers. Airbus performed a public display of its soon-to-launch A321XLR for the first time since it was certified, as airlines eagerly await deliveries of the long-haul narrowbody later this year.
Airbus CEO Guillaume Faury discusses supply-chain concerns, the planemaker's order backlog and demand for commercial aircraft. Speaking with Bloomberg's Guy Johnson at the Farnborough International Airshow, he also comments on the political uncertainty in France.