Airbus hikes jet output target as IATA pours cold water on planned production rise

Airbus SE said later last week that the world's largest planemaker was exploring an option to double up output to 75 jets a month by mid-2025

by Sourav D
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Airbus hikes jet output target as IATA pours cold water on planned production rise

Later last week, Airbus SE, the Leiden, Netherlands-headquartered Europe’s flagship planemaker which had snatched up the global aviation industry crown in 2019 from the United States’ Boeing Co following a mass-grounding of its best-selling 737 MAX, had issued a statement saying that the aircraft manufacturer would work out a plan to double up outputs of its key single-aisle jet by mid-2025, while the planemaker had also raised its 2021 output plans, riding on the back of a raft of riant signs of an abrupt global recovery.

On top of that, as Airbus SE, the European flagship planemaker which had also been the centrepiece of a WTO dispute over airline subsidies that in effect had allowed the United States to incline additional levies on EU-borne goods, had sorted out talks with suppliers about how it could share investments which would be required to hoist up the aviation industry from a pandemic associated downturn, eventually skyrocketing shares’ prices of the world’s largest planemaker as much as 10 per cent last week to €108 per share after rising more than 6 per cent on Thursday.

Airbus SE firms up 2021 output plans

On top of that, addressing to a recovery in aviation sector over recent weeks as the United States alone had recorded domestic traffics similar to pre-pandemic levels last month following an acceleration in vaccination drive, Airbus SE Chief Executive Guillaume Faury said in a statement, “The aviation sector is beginning to recover from the COVID-19 crisis.

Nonetheless, pouring fresh scorns over Airbus SE plans to double up output by 2025 to 75 jets a month, Director General of IATA (International Air Transport Association), Willie Walsh said following the Airbus SE statement, “Let's wait and see, because obviously there is a huge disconnect between what the manufacturers say they're going to produce and what the airlines decide to buy”.

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