Aero-notes newsletter issues
Aero-notes Autumn 2016
Welcome to our Aero-notes newsletter 2016.
I am happy to share the 2016 Aero-notes with you. This newsletter aims to keep you up-to-date with the latest interim figures and Airbus developments. It complements the information we already published in our 2015 Annual Report.
As you can see, despite a challenging macro-economic environment, the orders
received this year confirm Airbus’ market-leading position and the strength of our industry. Our backlog has now risen to more than 6,700 aircraft, supporting our production plans. We are progressing and are concentrating our efforts on ramping up A350 and A320 deliveries as well as transitioning the A320 and A330 from current to new aircraft models. We are advancing on A400M capability development and programme governance, although the overall situation remains challenging. Our Helicopter business remains resilient in a contracting oil & gas market, supported by the transformation programme launched a few years ago. We continue to execute our strategy to reshape the Defence and Space portfolio.
The Airbus Safran Launchers (ASL) Joint Venture is now fully operational and furthermore, we successfully sold our remaining Dassault Aviation stake. We also expect to close the Defence Electronics sale shortly. We remain committed to delivering our 2016 objectives which will provide a solid basis for future earnings and free cash flow growth. In this context, we continue to maintain our financial flexibility as recognised by Standard & Poor’s which upgraded our long term debt to A+ from A at the end of September.
As Airbus continues its evolution and focus on simplification and increased efficiency, we will merge our Group and Commercial Aircraft Division structure into one entity called Airbus. Additionally, we are embracing the digital era and adopting new ways of working to sustain our long-term business growth. We have also launched various initiatives focusing on innovation such as A3, to foster disruptive innovation, and BizLab, a start-up accelerator. As the Group embarks further on its digital journey, the Investor Relations and Financial Communication team aims to maximise the benefits of our on-line platform to communicate with you more efficiently. I would like to thank you for your interest in our company and we look forward to continuing our dialogue in the future.
Airbus Head of Investor Relations and Financial Communication
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