European Aerospace Braces for U.S. Protectionism as Trump Era Begins, Says Airbus CEO

Benzinga

European aerospace companies are preparing for heightened U.S. protectionism under President-elect Donald Trump. Airbus CEO Guillaume Faury stated that supply chains remain disrupted due to the impact of the pandemic. Airbus is set to announce over 700 aircraft deliveries in 2024, a 4% increase from 2023, amid slowing orders following last year’s record highs. The aerospace industry faces strong demand for jets and defense products, but Europe’s space sector struggles with overcapacity and job cuts. Faury criticized European banks for insufficient defense sector financing despite heightened needs following the Ukraine war.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02European aerospace companies are preparing for heightened US protectionism under President-elect

00:07Donald Trump. Airbus CEO Guillaume Fauré stated that the supply chains remain disrupted

00:13due to the impact of the pandemic. Airbus is set to announce over 700 aircraft deliveries

00:18in 2024, a 4% increase from 2023 amid slowing orders following last year's record highs.

00:24The aerospace industry faces strong demand for jets and defense products,

00:28but Europe's space sector struggles with overcapacity and jobsuts. Fauré criticized

00:34European banks for insufficient defense sector financing despite heightened needs

00:38following the Ukraine war. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended