Airbus Names New Commercial Jet CEO, Reaffirms Delivery Goal (1)

Oct. 30, 2024, 8:24 PM UTC

Airbus SE will replace the head of its commercial aircraft business and stick with a goal to deliver about 770 aircraft this year, underscoring the planemaker’s focus on ironing out supply-chain glitches that have hampered production plans.

Lars Wagner, the chief executive officer of engine parts maker MTU Aero Engines AG, will lead the commercial unit when he joins the planemaker around the beginning of 2026. He’ll replace Christian Scherer, a 40-year Airbus veteran.

Airbus also said its board plans to propose renewing CEO Guillaume Faury’s mandate as the company’s top executive.

In reaffirming its full-year ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.