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Analysts say that Airbus is on a sprint to meet its target after 60 deliveries in August.

Airbus must deliver planes faster than ever before to meet its annual goal after delivering 60 aircraft in August. Industry sources and analysts stated this on Monday.

Delays in the delivery of engines and cabin equipment have hampered the world's biggest planemaker from achieving its 7% target for deliveries this year. Deliveries affect revenue, cash generation, and airline growth plans.

Analysts said that if confirmed, the tally would be about 60 aircraft, which is a significant increase over the normal summer slump. However, the cumulative 2025 deliveries will still be about 3% below the same point in last year's total, with 433 jets.

Airbus has declined to comment before the release of monthly data this Friday.

The planemaker confirmed in July that it will increase its annual delivery target to 820 aircrafts, from 766 by 2024.

Airbus and CFM have been engaged in a tug-of-war as airlines compete for spare engines to keep up with the assembly lines of new aircraft. In July, it said that Pratt & Whitney was also experiencing delays in delivering engines. (Reporting and editing by David Goode)

(source: Reuters)