Airbus Expects Production Rates to Remain Lower Due to Market Environment
By Giulia Petroni
Airbus SE said Thursday that production rates will remain lower
for longer due to the current market environment and expects the
commercial-aircraft market to return to pre-Covid-19 levels by
The European plane maker said the new average production rates
for its A320 Family aircraft will gradually increase to 43 a month
in the third quarter and 45 in the fourth quarter, from the current
rate of 40. The company had previously anticipated 47 aircraft a
month starting from July.
It also said the monthly production rate for the A220 will
increase from four to five aircraft from the end of the first
quarter, as previously expected.
Widebody production will remain stable, with monthly production
rates of about five for the A350 and two for the A330, postponing a
potential increase for the A350, Airbus added.
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires
January 21, 2021 12:09 ET (17:09 GMT)
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