PARIS, April 29 — Airbus today confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India. Unveiling a stronger than expected turnaround in first-quarter profit,...
The logo of Airbus is pictured during the Airbus A350-1000 maiden flight event in Colomiers near Toulouse November 24, 2016. — Reuter picPARIS, April 29 — Airbus today confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India.
“The lack of coordination of the measures taken primarily in Europe....is leading to a travel situation that is far worse in Europe than in other comparable markets,” Faury said.India, one of Airbus’ biggest markets, is an “area of great concern” as the country faces a deadly second wave of Covid-19, with record daily infection rates and deaths.
Airbus is also exploring a “steep” further ramp-up in 2022 and 2023, but that depends in part on the ability of suppliers to keep up, he said.Shares in Airbus rose 2.8 per cent as it maintained its production and financial goals for this year. The head of US rival Boeing, which is wrestling with new technical problems with its competing 737 MAX, pledged yesterday to raise output in the “most stable fashion”.