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

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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”.