Airbus pushes its development objective of the services By Reuters

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© Reuters. AIRBUS PUSHES ITS GOAL OF DEVELOPING SERVICES

PARIS (Reuters) – Airbus (PA:) has pushed back its target of achieving a turnover of ten billion in the services sector because of the crisis of the coronavirus, but sticks to this strategy, announced Philippe Mhun, vice-president, executive programs and services, as the company moves toward a broader restructuring.

The aircraft manufacturer european had achieve this result by 2030. In 2019, the company has achieved a turnover of over four billion dollars in this sector, but the health crisis has led to a decline in the demand for services such as spare parts and the collection of maintenance data.

“It delays a little ambition in terms of timing, but the strategy is still relevant. Still we believe that the development of services makes sense,” said Philippe Mhun to Reuters.

(Tim Hepher, French version Jean-Philippe Lefief, edited by Jean-Michel Belot)

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