Airbus CEO Louis Gallois told reporters at a company event that the aircraft maker is worried about the impacts of the strong Euro currency on its business.
“At the current level we are close to the limit. Beyond that it will become difficult,” said Gallois.
This content is available exclusively to Australian Aviation members.
To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.
PRINT
See benefits
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
MOST POPULAR
PRINT + DIGITAL
See benefits
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
DIGITAL
See benefits
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
The strong Euro, which is now worth approximately US$1.45, has made it difficult for Airbus which sells aircraft in US dollars but pays most of its suppliers in Euros. As a result, the company has been increasingly renegotiated its supplier contracts to be priced in US dollars to relieve the cost pressures on the company.
While the weakness of the US dollar has been challenging for European manufacturers, there has been some suggestion that it may be a boon for Boeing as its costs become effectively more competitive. However, Airbus remains ahead of Boeing in terms of net orders this year, indicating that the currency is not influencing demand in the short term.