πŸ‡¦πŸ‡Ί

Airbus may slash output of best-selling jet

Video credit: Reuters Studio
Published on April 3, 2020 - Duration: 01:16s

Airbus may slash output of best-selling jet

Reuters sources say Airbus may have to slash output of its best-selling A320 jets to counter the airline industry downturn.

Julian Satterthwaite reports.

Advertisement

Airbus may slash output of best-selling jet

Airbus may slash output of its best-selling jet.

Reuters sources say production of A320 planes may have to fall by a half.

The company currently turns out 60 of the model every month.

But the global virus crisis is posing headaches regarding production and delivery.

Airbus had no immediate comment on the report.

It's expected to make a final decision before a company shareholder meeting in mid-April.

Only Thursday (April 2) Reuters reported that it and rival Boeing may both cut production of larger wide-body jets.

That includes models like Boeing's 777 and Airbus's A350.

Signs of a sales downturn are already emerging.

Friday (April 3) saw leasing firm Avolon cancel orders for 75 Boeing planes and 4 Airbus widebodies.

There was also yet more evidence of how the planemakers' customers are suffering.

A separate Reuters source says Air France-KLM is in talks over major state aid.

It's said to be discussing 6.5 billion dollars in loans backed by the French and Dutch governments.

Airbus and Boeing will be following such news very closely.

You are here

Related videos from verified sources

Delta Will Have More Pilots Than Needed 00:40
Video credit: Wochit Entertainment - Published 3 weeks ago 

You might like