Airbus faces a backlog of 60 aircraft waiting for engines, but remains on track to deliver 820 jets this year. Engine makers have promised support to meet delivery goals despite delays from suppliers CFM and Pratt & Whitney. Airbus burned through 1 billion euros more cash than expected in Q2.

Second-quarter profit for Airbus exceeded expectations, driven by defence and helicopter businesses. Adjusted operating profit nearly doubled to 1.58 billion euros. A330neo production will increase to five jets per month in 2029 to meet demand. Airbus expects acquisition of assets from Spirit AeroSystems to close in Q4.

An agreement to avoid U.S. tariffs on European aircraft is welcomed by Airbus. The deal with Spirit AeroSystems, divided between Airbus and Boeing, awaits regulatory approval but has not impacted finances significantly. Airbus plans to absorb Spirit’s wing production for the A220 and other assets. Plans for an A320-family assembly line in China are on track.

Read more at Yahoo Finance: Airbus faces engine delays but reaffirms jet delivery targets