Airbus targets doubled profits by 2029

European Airbus expects to nearly double its operating profits by 2029, aiming to reach annual earnings between 12 and 13 billion euros. The company also plans to initiate a share buyback program worth 5 billion euros over the next three years. These projections come as Airbus recovers from ongoing production issues, such as problems with engines and a shortage of spare parts, which had previously hindered production. As most of these issues are nearing resolution, Airbus looks to increase the production rate of its aircraft, especially the A350, and achieve growth that strengthens its competitive position against Boeing.

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