Airbus CEO Sounds Alarm Over China Market as Omicron Wave Hits Country
- No impact yet on production in Tianjin, CEO Faury says
- Omicron may pose a challenge to China’s Covid-zero approach
Guillaume Faury
Photographer: Rolf Schulten/BloombergThis article is for subscribers only.
Airbus SE Chief Executive Officer Guillaume Faury raised a note of caution on the planemaker’s outlook for this year, citing the spread of omicron in China, its biggest market for aircraft deliveries.
The European jet manufacturer is closely watching the situation in China, the destination for every fourth aircraft in 2021, Faury said. With the Winter Olympics in Beijing just a month away, the country has imposed increasingly strict local lockdown measures, mirroring its response to containing earlier coronavirus waves.