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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring