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New Airbus commercial CEO signals production focus, backs bigger A220

The new CEO of Airbus' Jet Division pledged to increase production of models, including the A350 wide body jet. He also appeared to support a larger variant of the regional A220.

Lars Wagner, who took over as Airbus' head core unit in January, spoke at the Airline Economics Conference for the first time since his appointment.

Wagner stated, "The way that I see it, right now, is firstly, there are many issues that we have to address in order to?manage the ramp-up." Airbus is struggling to produce 75 narrow-body aircraft per month, and has slowly increased production of large jets.

Wagner's second objective is to evaluate competing engine technologies, and to balance fuel efficiency with durability in order to develop the next generation of narrow body aircraft that will be developed over the next decade.

The airlines claim that engine manufacturers have "met their promises" to reduce fuel consumption, but at the cost of increased wear and tears. This has led to maintenance bottlenecks.

Wagner stated, "I believe we must first solve the durability issue."

John Plueger (CEO of Air Lease Corp) and the former head MTU Aero Engines, a German engine manufacturer, exchanged views with each other on stage. Plueger complained that getting aircraft delivered was the biggest problem.

A220 NOD

Wagner asked the leasing veterans what they would like to see next.

Plueger suggested that a larger version of A220 Regional Jet could have a place in the market, and Wagner replied "me too".

Airbus' head of manufacturing, AeroCap, said earlier that he did not see a demand for this type of aircraft.

Wagner seemed to be listening carefully to the influential and sometimes critical Dublin finance audience, but he avoided committing to a specific strategy.

He said, "Being humble - I've been in this job for four weeks."

Peter Barrett, CEO of SMBC Aviation, was asked what message he would like to send to his new supplier. He replied: "I've told him this privately, and I am happy to announce it publicly."

He said that both?Airbus & Boeing have made improvements, but are still not at the level they should be.

"We understand the challenges COVID brought... but at the end, we are contracting for many years and millions of dollars of equipment. You need predictability and performance." (Reporting and editing by Tomaszjanowski, Kevin Liffey, Diane Craft, and Padraic Halpin)

(source: Reuters)