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Airbus won’t allow A330 revamp to impact profit goals

May 27, 2014 1:58 am

Airbus Group has said the company will not allow a proposed revamp of its A330 jetliner to blow it off target in delivering profit improvements, Reuters has reported. Europe’s largest aerospace player will stick to its objective of reaching a return on sales of 7-8% in 2015, compared with 6% in 2013, and will keep delivering improvements in earnings beyond that, chief executive Tom Enders told the news service. “Resources and ambitions have to be brought to match. Not everything that is desirable is also affordable,” Enders said at the Berlin Airshow.