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Airbus sets services goal, targets productivity gains

Wednesday, March 07, 2018

PARIS - Airbus has set a goal of tripling services revenues from its commercial aircraft business to $US10 billion ($F20b) within seven years and sharply reducing the number of times its jets are stranded on the ground for technical reasons, industry sources said.

It also targets measures worth 450 million euros ($F1.1b) in 2018 to improve productivity and has told staff reducing recurring costs on its newest jets — the A320neo and A350 — remains a battle, they said, citing internal postings.

The latest sign of competitive pressures comes as Airbus prepares to announce possible job cuts because of slower production of its largest aircraft — the A380 superjumbo and theA400M military air lifter — at a staff meeting on Wednesday.

Airbus said earlier it would address implications of the slowdown at a works council meeting, but described reports of 3600 jobs cuts or redeployments as "excessive".

Like rival Boeing, Airbus is driving down manufacturing costs while branching into more profitable services, in a bid to emulate the wider margins of third parties who traditionally control the market for repairs and services.

An Airbus spokesman, in response to a Reuters query, confirmed the $US10b ($F20b) service revenue target for the main jets division.

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