Airbus said Lars Wagner will become the chief of its commercial aircraft business starting from January 1, 2026, at a time when the company is focused on resolving supply-chain bottlenecks and increasing production.
The chief executive of engine parts maker MTU Aero Engines will replace 40-year Airbus veteran Christian Scherer.
Mr Wagner will join Airbus from the beginning of November this year to “ensure a smooth transition” with Mr Scherer, Airbus said on Thursday.
Mr Scherer will remain the chief of the commercial aircraft unit until December 31, topping a career spanning more than 40 years in several executive roles with Airbus, the company said.
Mr Wagner, 50, has held the position of chief executive of Munich-based MTU Aero Engines since January 2023.
Before his appointment as chief executive, and since joining MTU in 2015, Mr Wagner took on the roles of chief operating officer and executive vice president in charge of manufacturing operations.
He held a number of management positions at Airbus including in Bremen, Hamburg and Toulouse. Mr Wagner rejoins the company after working there from December 2003 to June 2015, according to his LinkedIn profile. He holds a degree in mechanical and aeronautical engineering as well as an MBA.
The decision to replace Mr Scherer, 62, is guided by succession planning, Guillaume Faury, Airbus chief executive, said in a media call in October 2024, according to Bloomberg.
The European plane maker in June delivered 63 aircraft and recorded 203 gross orders, which included some of the commitments it won at the Paris Air Show last month. Year-to-date deliveries until June reached 306 handovers to 65 customers.
Airbus is struggling to reach its production targets as it struggles with engine shortages and other supplier bottlenecks.
The European manufacturer also faces uncertainty as US tariffs are set to hit the EU bloc's exports as soon as August 1.
Meanwhile its US arch-rival Boeing delivered 60 aircraft in June, its best level in 18 months, putting it level with Airbus. Boeing's June delivery performance reflects improvements in its factories and resuming of US aircraft exports to China.
In the year to June, Boeing delivered 280 commercial planes and in the second quarter delivered 150 aircraft, it said in a July 8 statement.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
At Eternity’s Gate
Director: Julian Schnabel
Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen
Three stars
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A
Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
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Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
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Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
