Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

From Tim Hepher
PARIS (Reuters) - Airbus <AIR.PA> hit the highest number of monthly passenger aircraft deliveries this year in September but saw no new sales as troubled airlines continued to bleed cash.
The European aircraft maker delivered 57 jets in September, up from 39 in August, representing 341 shipments after nine months, a 40% decrease over the same period in 2019, company data showed on Friday.
The drop corresponds to a 40% drop in production triggered by the coronavirus crisis. Airbus decided last month to keep the new rates unchanged. A significant number of jets have been delivered from a parked residue.
Airbus canceled its forecast at the beginning of the pandemic, but is aiming for around 500 deliveries internally in 2020 and is three quarters of the way to the goal, according to industry sources.
It delivered a record year of 863 jets in 2019.
Jet markets are dying from the impact of the crisis on airline demand and balance sheets, although Boeing is pursuing a few deals to bolster its 737 MAX.
This week, for the first time in more than a decade, Boeing trimmed its long-term demand forecasts, warning of a challenging decade.
According to Airbus data, Macquarie Financial Holdings, a unit of the Australian Macquarie Group <MQG.AX>, canceled three of 40 A220 jets originally ordered from Bombardier in Canada and sold the passenger aircraft program to Airbus in 2018.
So far this year, Airbus has sold 379 aircraft, or a total of 300 after cancellations.
It stays well ahead of its U.S. rival, which had sold 67 aircraft by the end of August and posted a total of 378 orders negative, dominated by cancellations for the Boeing 737 MAX, which was suspended for 18 months after two crashes.
Boeing delivered 87 jets between January and August.

(Reporting by Tim Hepher; Editing by Alexander Smith)

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