Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Airbus SE is one of the largest aircraft manufacturers in the world.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Revenue(RF), mln.USD
6
Assets(RF), mln.USD
1
Capital(RF), mln.USD
1
Glob.Revenue, mln.USD
70825
Taxes(RF), mln.USD
1

Airbus continued titanium purchases. In December 1 of 2022, Airbus made announcement about its intention to decouple its supply chain from Russian titanium in a "matter of months". It is not clear how many months Airbus has in mind, but as of the end of February (the last available data points), exports continued. Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in its latest package of measures triggered by the war in Ukraine. The move gives Airbus flexibility in its Canadian plants and is expected to allay concerns that its core operations could be hit by effectively banning the import to Canada of its European-built jets that rely most heavily on lightweight titanium. Airbus ACJ private jet worth $110m bypasses EU sanctions and ended up in Russia.

The Company Statement
March 07, 2023

Suspend supply of parts and deliveries/servicing, but continue substantial titanium purchases from Russia. Airbus Chief Executive Officer Guillaume Faury said on Feb. 16 that company data show Russian airlines flew his company’s jets more in the second half of 2022 than they did before the pandemic. Although Faury added that the company isn’t in contact with airlines in Russia, Airbus is starting to hear about difficulties keeping planes flying as they struggle to replace missing components. Between the start of the war and March 2023, Airbus imported at least $22.8 million worth of titanium from Russia; a fourfold increase in value and tonnes compared to the previous 13 months. Court accepts bankruptcy request for Airbus ex-Russia branch. French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium.

June 27, 2024Airbus ACJ private jet worth $110m bypasses EU sanctions and ends up in Russia
May 30, 2024To help Airbus, Macron pressed Canada to ease Russia titanium sanctions
May 13, 2024Russia has learned to repair Western aircraft engines after two years of sanctions
April 23, 2024Airbus wins reprieve from Canadian sanctions on Russian titanium
January 11, 2024Siberian airlines seek to keep flying 50-year-old jets amid Russian plane shortage
January 07, 2024Lessor Settles $65 Million Airbus A320 Insurance Claim With Russia's S7 Airlines
January 04, 2024Court accepts bankruptcy request for Airbus ex-Russia branch
October 24, 2023Russia: Europe imports €13 billion of ‘critical’ metals in sanctions blindspot
April 16, 2023Airbus Russian Direct Imports and Exports
April 12, 2023Letter sent by B4Ukraine to the company (no response provided)
April 06, 2023Airbus promises sanctions for technical support of liners from Russia
March 01, 2023Russian Airlines Fly Airbus, Boeing Jets Despite Sanctions - Bloomberg
December 02, 2022Airbus To Stop Purchasing Russian Titanium Within Months
October 31, 2022The CEO of Airbus says there are 'concerns on the safety side' as domestic air travel in Russia takes off, but sanctions prevent plane maintenance
March 08, 2022How sanctions against Russia are battering the global aviation industry
March 02, 2022The Russia-Ukraine War: March 2, 2022
March 02, 2022Airbus and Boeing announced the suspension of support for aircraft in Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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