Investing.com -- Airbus CEO Guillaume Faury said Tuesday that the company is not seeing any demand for cancellations or deferrals of jet orders despite recent challenges facing the airline industry.

Faury, speaking at an industry event, noted that airlines had "been through hell" in recent years but were maintaining their order books. This points to continued long-term demand for new aircraft.

Airlines worldwide are dealing with higher fuel costs driven by the U.S. and Israel's war with Iran, which has reduced jet fuel supplies and disrupted key air corridors. Carriers have been forced into costly detours, but Faury said this has not led to any meaningful reduction in orders.

The CEO said Airbus is in a "much better place in terms of supply chain now" but acknowledged that some supply chain issues remain. He expressed frustration with Pratt and Whitney, stating that the company might fall short of its production goal depending on engine deliveries from the supplier.

Airbus is targeting a production rate of 75 aircraft in 2027, which Faury said will depend on engine delivery schedules. He added that the company faces a record second half of the year.

Faury also commented on regulatory challenges, saying that "with the European regulatory burden, it's too hard to be competitive globally."

Airbus has booked 815 gross orders since January, or a net total of 762 after cancellations. The company expects to deliver roughly 870 jets in 2026.