Airbus revamps jetliner arm under veteran insider Scherer

Airbus confirmed the appointment of sales chief Christian Scherer as CEO of its core planemaking operation on Tuesday, restoring dedicated leadership of its main business for the first time in four years as it steps up jet production. The world's largest planemaker said the move would free group CEO Guillaume Faury, who has combined the job of running the wider company with the jetliner business since 2019, to steer the group in a "fast-evolving global environment". Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. The shake-up propels a career-long insider to effective number two of Europe's largest aerospace group, allowing Faury to focus on its wider portfolio amid uncertainties over its future in space and the pace of development of a new fighter. The appointment of Scherer, 61, heralds broad continuity inside the main commercial arm, which competes with Boeing (BA.N) and makes up about 70% of the company's revenues.<br/>