Airbus sees pressure to raise aircraft production

AirbusÕs sales chief said a slowdown in orders of new planes isnÕt denting the need for the company to push up production. ÒThe ramp-up is still warranted,Ó said John Leahy. Monday, Leahy warned that meeting the companyÕs order target of about 650 planes this year would be a Òstretch.Ó Airbus has a backlog for over 6,000 aircraft, while BoeingÕs tops 5,000. Airbus has said it plans to build 60 A320 single-aisle planes a month in 2019, up from the mid-40s today. ÒWe need every one of the aircraft being built up to rate 60 and even beyond,Ó Leahy said. He is also eager for the company to build more A350 long-range jets to satisfy demand, he said. <br/>
Wall Street Journal
http://www.wsj.com/articles/airbus-sees-pressure-to-raise-aircraft-production-1468321181
7/12/16