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STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Supply chain woes aggravated by China logistics, says Airbus CEO

Reuters
Updated ·1 min read
FILE PHOTO: Airbus CEO Guillaume Faury

PARIS (Reuters) - Airbus is stepping up monitoring of its Chinese supply chain after increased disruption resulting from recent pandemic lockdowns, Chief Executive Guillaume Faury said on Thursday.

"The whole worldwide supply chain is complicated at the moment," he told a news briefing in his capacity as head of France's Gifas aerospace industry association.

Worsening logistical problems in China have added to broader pressures, such as problems in raw material supplies, Faury said.

However, he reaffirmed that Airbus plans to raise production of narrowbody A320-family jets to 65 a month by summer 2023.

(Reporting by Tim Hepher; Editing by David Goodman)