Airbus delivery goal shows optimism even as Boeing cuts target

Toulouse

AIRBUS Group announced plans to lift output of the ageing A330 jet and predicted higher annual deliveries, indicating its confidence weeks after US rival Boeing Co shocked investors by flagging a drop in output.

The European planemaker said on Wednesday it will restore A330 production to seven a month in 2017, suggesting it has come to terms with a demand dip that followed the announcement of a re-engined version due at the end of that year.