Airbus sticks to annual delivery targets despite high costs ...Middle East

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Airbus sticks to annual delivery targets despite high costs
PARIS: High costs for new satellites have prevented the world’s largest aircraft manufacturer Airbus from achieving a stronger increase in profits in the third quarter, reported dpa news.While the company’s passenger jet business grew strongly, the defence and aerospace division even sank into the red due to the extra costs, the company announced in Toulouse on Wednesday evening.Nevertheless, chief executive Guillaume Faury believes the company is on course this year to achieve an operating profit adjusted for special items (adjusted EBIT) of around €6 billion (US$6.4 billion) and to stick to plans to deliver 720 commercial aircraft. In the third quarter, Airbus increased its adjusted operat

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