Airbus to Increase A321 Production Capacities in France

Date : 01/21/2020 @ 10:35AM
Source : Dow Jones News
Stock : Airbus SE (AIR)
Quote : 108.1  -6.9 (-6.00%) @ 4:40PM

Airbus to Increase A321 Production Capacities in France

Airbus (EU:AIR)
Historical Stock Chart

2 Months : From Dec 2019 to Feb 2020

Click Here for more Airbus Charts.

By Olivia Bugault

 

Airbus SE (AIR.FR) said Tuesday that it will add capacity at its plant in Toulouse, France, for the production of its narrowbody A321 jets.

The European plane maker will create new capabilities by mid-2022 through the modernization of its current A320 production system, it said.

"The new facilities will provide more flexibility for A321 production, while keeping the overall single aisle industrial capacity in Toulouse flat," Airbus said.

Contacted by Dow Jones, a spokeswoman said that the company hadn't set production goals yet for its new facility.

The A320neo family of jets is in high demand and there is currently only one European assembly line based in Hamburg, Germany, to assemble A321 jets, the company said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 05:20 ET (10:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.