Airbus delivered 47 jets in August; Europe regulator orders checks on A350 engines [Seeking Alpha]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
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Source: Seeking Alpha
The planemaker has reached 447 deliveries YTD, so it must build and deliver 323 jets in the last four months of the year to meet its target of 770, which was revised down during the summer due to strained supply chains. August is typically a weaker month for Airbus ( OTCPK:EADSF OTCPK:EADSY ) in terms of deliveries, and Jefferies analyst Chloe Lemarie said the company needs to raise deliveries by an average of 7% per month compared to last year's pace to reach its target. Airbus ( OTCPK:EADSF OTCPK:EADSY ) also booked 46 gross orders in August, including a previously announced deal for 30 A330neos from long-time customer Cathay Pacific Airways ( OTCPK:CPCAF OTCPK:CPCAY Separately, the European Union Aviation Safety Agency said it ordered inspections on engines of A350-1000 jets following a recent engine fire on a Cathay Pacific ( OTCPK:CPCAF OTCPK:CPCAY ) flight. The regulator said its action is a precaution against similar events after consulting regulators and accident inve
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