Engine shortages are holding back production, Airbus needs to "fight hard" to achieve its annual delivery target.

According to industry insiders and analysts on Monday, European aircraft manufacturer Airbus needs to deliver aircraft at a record pace in order to achieve its annual target. The world's largest aircraft manufacturer has set a delivery target of 820 jet aircraft, a 7% increase year-on-year, but has been setback by delays in receiving engines and cabin equipment. Aircraft deliveries determine the company's revenue and cash flow generation, and also impact airlines' growth plans. It is worth mentioning that Airbus has been in a tug-of-war with engine manufacturer CFM as airlines compete for spare engines, creating competition for the new aircraft assembly line. The company stated in July that they are also facing engine delivery delays from Pratt & Whitney.