What Happened
European Planemaker Announces Ambitious Growth Plans Amid Supply Chain Recovery
Airbus has announced plans to nearly double its earnings by 2029, setting an adjusted operating profit target of 12-13 billion euros. The company also launched a 5 billion euro share buyback programme, signalling confidence in its growth prospects. Airbus aims to boost profits by increasing aircraft deliveries and overcoming supply chain disruptions, with its commercial aircraft division expected to generate 10 billion euros in operating profit in 2029. The announcement was made by CEO Guillaume Faury and reported by Reuters.