What Happened
European Manufacturer Aims For Significant Growth In Services Revenue
Airbus has announced plans to double its operating profit in commercial aircraft within the next three years, targeting €10 billion in adjusted operating profit by 2029. The company also aims to generate €10 billion in services revenue through organic growth and acquisitions, with a focus on providing more services to its customers. Airbus plans to achieve this growth through a combination of production rate increases, efficiency improvements, and a favorable product mix, as reported by Aviation Week.