Shares at odds: Airbus and Linde want to cooperate on hydrogen supply at airports – Airbus boss expects further supply chain problems

Both companies had signed a corresponding declaration of intent, Airbus announced on Thursday at the ILA Air Show in Berlin. The cooperation includes working together on the supply of hydrogen from production to storage at the airport and fueling the aircraft.

The infrastructure is intended to create the conditions for the first Airbus passenger aircraft with hydrogen propulsion, which the manufacturer intends to develop and put into service by 2035. The Group has already signed agreements with partners and airports in France, Italy, South Korea, Japan and Singapore to supply the airports.

In addition, Airbus and Lindeab want to analyze the potential of so-called power-to-liquid fuels at the beginning of 2023. This is sustainable aviation fuel (SAF) made from synthetically produced liquid hydrocarbons. This can be used at least as an admixture in aircraft with conventional aircraft engines.

Airbus boss expects supply chain problems into the coming year

Airbus boss Guillaume Faury expects bottlenecks in the supply chain into the coming year.

An improvement can be expected from the middle of next year, he said on Thursday at the ILA Air Show in Berlin, “but nobody knows, I don’t have a crystal ball.” In the past, crises usually lasted 12 to 18 months.

Boeing boss Dave Calhoun said on Wednesday that he expects the problems to continue until the end of 2023. There is also a lack of labor at small and medium-sized suppliers. Boeing has a large and complicated supply chain. The group announced in May that the production of its 737 machines was limited by bottlenecks in cable connections. Some Boeing customers have also been forced to cancel flights due to a lack of staff to recover from the pandemic.

The Airbus share is listed in XETRA trading at times 0.85 percent down at 92.23 euros. Meanwhile, Linde titles rose by 1.01 percent to 283.85 euros.

BERLIN (dpa-AFX/Reuters)

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Image sources: Airbus, Linde AG

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