What Happened
European Planemaker Unveils New Mid-Term Targets And Buyback Program
Airbus has launched a €5 billion share buyback programme and unveiled new mid-term targets, including a near doubling of profits by 2029. The company expects its commercial aircraft business to generate around €10 billion in operating profit in 2029 and has struck a positive tone on aircraft deliveries. Airbus started the year slowly due to supply-chain and engine bottlenecks but has since accelerated deliveries, increasing first-half handovers by 15% year-on-year. This development was reported by Reuters.