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Airbus Reveals Extent of Supplier Crisis, Sees Issues Until 2024

  • CEO predicts no improvement until middle of next year at least
  • Energy costs, material shortages, China weighing on production
A model Airbus A220-300 at a Airbus plant in Mirabel, Quebec.

A model Airbus A220-300 at a Airbus plant in Mirabel, Quebec.

Photographer: Graham Hughes/Bloomberg
Updated on

Airbus SE Chief Executive Officer Guillaume Faury said supply constraints will persist until the end of next year as he revealed the full extent of the crisis gripping the firm’s multitude of component producers.

Soaring inflation and energy bills, raw-material shortages, a labor squeeze and disruption to Chinese parts makers amid continuing coronavirus lockdowns are combining to extend disruption, Faury said at a conference in Brussels Tuesday.