Aircraft maker Airbus said it would cut the production rate of its A330 widebody jet to six a month from the first quarter of 2016 as it also ramps up production of its top-selling A320 family.
Airbus had already announced last year plans to cut the production rate of A330 jets to nine a month from the fourth quarter of this year as it moves to the new A330neo.
It will increase the production rate for the A320 single-aisles to 50 aircraft per month from the first quarter of 2017, it said on Friday with its annual results.
Airbus currently makes 42 A320 family jets a month and is increasing this to 46 in 2016. Rival Boeing is increasing its 737 production rate to 52 a month in 2018.
A source told Reuters earlier this week Airbus was discussing an increase in A320 production to 50 a month as early as 2017.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.