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    Ross Law • Morgan Stanley

    Ross Law's questions to Airbus SE (EADSY) leadership

    Ross Law's questions to Airbus SE (EADSY) leadership • Q1 2025

    Question

    Ross Law from Morgan Stanley sought to confirm if supply chain challenges had worsened, given the cautious tone, and asked about the expected delivery phasing for Q2 2025.

    Answer

    CEO Guillaume Faury clarified that the supply chain situation has not changed and is consistent with previous statements. He specified that the issue with CFM engines is expected to worsen before it improves by the summer, leading to an increased number of "gliders" (aircraft without engines). This will result in a "soft" delivery profile for the first half of the year, and he remained prudent on giving a precise Q2 delivery number due to the uncertainty of engine availability.

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    Ross Law's questions to Airbus SE (EADSY) leadership • Q1 2024

    Question

    Ross Law asked if GTF engine deliveries have met contractual commitments and sought details on the A350 production rate hike to 12 per month, specifically regarding supply chain confidence and the status of the previous 2026 target of 10 per month.

    Answer

    CEO Guillaume Faury confirmed that GTF engine deliveries are meeting contractual commitments in 2024, as they did in 2023. Regarding the A350, he explained that the new rate of 12 per month by 2028 was set after a positive supply chain readiness assessment. He emphasized that the rate of 12 is now the single official target to avoid ambiguity, and the previous target of 10 per month in 2026 is no longer the reference, although the production rate will cross 10 on its way to 12.

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