Finance
Airbus CEO says lessons need to be drawn from software recall
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Airbus CEO Guillaume Faury discusses the swift resolution of a global software recall affecting thousands of jets, emphasizing lessons learned.
BRUSSELS, Dec 2 (Reuters) - Airbus CEO Guillaume Faury said on Tuesday that the European planemaker had turned a corner after the weekend recall of thousands of jets for a rapid software fix, but that lessons need to be learned from the unprecedented global operation.
"I think we can put this behind us," he told a conference hosted by Europe's ASD aerospace and defence association, adding the emergency changeover had gone faster than expected.
(Reporting by Tim Hepher; Editing by Jan Harvey)
A software recall is an action taken by a company to retrieve and fix software that has been found to have defects or issues that may affect performance or safety.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.
Management in business involves planning, organizing, leading, and controlling an organization's resources to achieve specific goals and objectives efficiently and effectively.
Technology in banking encompasses the use of digital tools and platforms to improve banking services, enhance customer experience, and streamline operations within financial institutions.
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