Airbus deliveries down 16% in May

It is targeting 800 deliveries for the year.Demand for aircraft is strong because air travel is staging a strong recovery at the same time as supplies of new airplanes are tight, notably at US plane-maker Boeing.Reuters reported on Monday that Airbus , which has headquarters in France, had delivered around 50 aircraft in May . Industry sources said it had been targeting closer to 60 deliveries for the month.

'While May was affected by a high number of weekday holidays in France, where Airbus has two out of eight narrow-body assembly lines, Airbus must achieve 'significant catch-up' to reach stable deliveries for the quarter, Lemarie said in a note.That comes as Airbus is also facing new pressure on the underlying production of single-aisle jets because of parts and labor shortages, Reuters reported last week.

Deliveries Down 16% In May

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