(Reuters) – Airbus expressed confidence in aircraft production forecasts on Wednesday despite ongoing supply problems, at a meeting with shareholders in Amsterdam.

The manufacturer’s action has jumped 16% since the start of the year, while the title of its rival Boeing, which is facing the consequences of numerous technical problems, has lost 29%.

Shareholders validated a partial renewal of the board of directors and a special dividend of one euro per share, representing nearly 800 million euros, in addition to an unchanged regular distribution.

Thanks to orders from airlines recovering from the pandemic, the world’s largest plane maker has managed to build up cash reserves, as Boeing struggles with management upheaval and labor problems. debt.

Analysts judge the French aircraft manufacturer on track to meet its annual target of 800 aircraft deliveries, after confirming 142 deliveries in the first quarter this week.

However, single-aisle production is below internal planning levels, at around 50 per month, meaning it must ramp up to meet the target of 75 per month in 2026, industry sources said.

Airbus said it was confident it could achieve this goal.

Chief executive Guillaume Faury said the group continued to face geopolitical uncertainty and supply chain challenges.

The company faces growing cost pressures after investing in additional resources to ramp up production, exceeding internal projections earlier this year, the sources said.

(Reporting by Tim Hepher; Federica Mileo, editing by Kate Entringer)

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