PARIS, June 21 (Reuters) - Airbus SE will
continue taking steps to control the costs of its loss-making
A220 jet, while also supporting its supply chain, the president
of the company s Canadian division said on Wednesday. Airb.
Airbus is trying to reduce the production costs of its smallest jet, but faces broader industry pressure from suppliers that want to pass on their own higher costs from raw materials and labor.
Airbus systems procurement chief Benoit Schultz is to take over as head of the A220 operation, as chief executive of Airbus Canada, succeeding Philippe Balducchi who has led the division for nearly three years.
BusinessAirbus puts supply chain executive at helm of loss-making A220
Tim Hepher
3 minute read
An employee works on an Airbus A220-300 at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. REUTERS/Christinne Muschi
Airbus (AIR.PA) has appointed a senior internal supply chain executive to run its Canadian operation, with responsibility for trimming losses on the A220 jetliner series, in the latest in a series of management changes at the European aerospace group.
Benoit Schultz, 48, will take over on Sept. 1 from Philippe Balducchi, a former finance executive who became the first head of the Canadian venture when Airbus bought the CSeries jet programme from Bombardier (BBDb.TO) in 2018 and renamed it A220.