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World|business|February 13, 2020 / 05:52 PM
Airbus CEO sees no short-term benefit from Boeing MAX woes

AKIPRESS.COM - Airbus’ chief executive said Thursday that his company sees no short-term benefit from Boeing’s troubles with its grounded 737 MAX because the competing A320 is sold out years ahead, APNews reports.

CEO Guillaume Faury said that safety was a shared concern in the industry. He made the remarks at the company’s earnings news conference after it reported a loss of 1.36 billion euros ($1.48 billion) in 2019 because of a multibillion-euro bribery settlement with authorities in three countries.

The company otherwise saw a record year of aircraft deliveries and increased its dividend.

Operating earnings without one-time burdens rose 19% to 6.9 billion euros. The company said Thursday it would propose a dividend of 1.80 euros per share, up 9% from 2017. Revenues rose 11% to 70.5 billion euros as the company ramped up production of its A320 twinjet.

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