Crisis at Toulouse

Airbus could go under according to Chief Executive Guillaume Faury speaking to the French media last week.

He said that 15,000 jobs will go due to the Covid-19 pandemic, representing 11% of the Group’s workforce.  On a country by country basis, and where each has different redundancy laws, the figures could be 1,500 in the UK, 10,000 in total for France and Germany and 900 Spain.  He highlighted the knock-on effect with component suppliers highlighting Rolls-Royce as a major contractor.

The crisis has led to the production halving of the world’s best-selling short-haul aircraft, the A320 series.

Mr Faury said that the issue was not that the airlines were cancelling orders but “not taking deliveries”.

The first A300 entered service in 1974 with the 12,000^th, an A220 delivered in May 2019.  At the start of the year, before the pandemic, Airbus had a backlog of orders for around 7,500 aircraft.  It is not known how many Airbus aircraft are currently operational.

www.airbus.com

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