Airbus Jumps Most in Nearly 10 Years After Pledge to Fix Planes
- European manufacturer books new charge against A400M transport
- Latest A320 engine glitch could weigh on performance this year
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Airbus SE promised 20 percent earnings growth this year -- pushing the stock up the most since 2008 -- so long as it can iron out persistent manufacturing problems on two key aircraft programs.
The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent after the Toulouse, France-based company assured investors Thursday it can top last year’s output and build 800 aircraft despite the engine issues that have slowed production of its top-selling A320neo short-haul jet.