Three-year Expression is begun by guillaume Faury as Airbus CEO

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Airbus intends {to deliver|to provide|to offer} 60 A320 family aircraft a month by the middle of 2019. (Airbus)

Guillaume Faury has officially taken his seat as chief executive of Airbus following the aerospace giant’ s annual general meeting (AGM) in Amsterdam.

Shareholders formally-rubber stamped Faury’ s appointment as {chief executive|leader} and as a directory of {the company|the organization|the business} for the next three years at the AGM, held on April 10 (European time).

Faury was named {by the|from the|with the} board as Tom Enders’ replacement as Airbus {chief executive|leader} in October 2018. Previously, Faury was Airbus Commercial Aircraft president.

“ It’ s {a real|an actual|a genuine} privilege to take over as Airbus CEO and lead this outstanding company {into the|in to the|to the} 2020s, ” Faury said in a statement.

“ I would like to thank the Board and shareholders for their trust. I {look forward to|anticipate|look ahead to} working with our great teams and shaping the Airbus of tomorrow, to better serve our customers, increase our competitiveness, and grow in a sustainable way. ”

Airbus chief executive Guillaume Faury. (Airbus)

Airbus chief executive Guillaume Faury. (Airbus)

Airbus chairman Denis Ranque thanked Tom Enders , who announced his intention to step down in December 2017, for his work as chief executive.

“ I would like to thank Tom Enders for all his achievements during his time as CEO, including {particularly the|specially the} value created for our shareholders and the development of our Company {to the|towards the|for the} benefit of all employees {and the|as well as the|plus the} supply chain, ” Ranque said.

{It was|It had been|It absolutely was} also announced at the AGM that the board had selected René Obermann to succeed Ranque as chairman from 2020 onwards. Ranque had asked to step down {from the|from your|through the} board to pursue other interests at the end of his current term in 2020.

In terms of the outlook, the AGM heard the company was targeting between 880-890 aircraft deliveries in calendar 2019.

In addition to the aircraft delivery target, Airbus told shareholders the key priorities {for the|for that|for your} current year were the ramp up the A320 program as well as margin improvement {on the|around the|within the} A350 widebody. Airbus {was also|seemed to be} focused on leveraging its military portfolio and on its services, digital and innovation initiatives.

“ {The overall|The entire|The general} A320 programme is {on track|on the right track|on course} for the targeted monthly production rate of 60 by mid-2019, ” Enders said in the Airbus annual report.

“ {The next|The following|Another} goal is rate 63 in 2021. ”

Airbus undertakes final assembly of its A320 {family of|category of|group of} aircraft at four sites – Hamburg (Germany), Mobile (United States), Tianjin (China) and Toulouse (France). The Hamburg final assembly line was opened in 2018.

The annual report also noted the first Beluga XL heavy transport aircraft would enter service later in 2019.

Further, the financial guidance was for adjusted earnings before interest and tax (EBIT) to grow about 15 per cent compared with the prior year.

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VIDEO: Guillaume Faury reflects on being Airbus chief executive in this corporate video from the Airbus YouTube channel .

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