• By The Financial District

Airbus Nixes Plea To Stop Doubling Jet Output

Airbus has rebuffed calls by aircraft leasing firms to temper plans to almost double production of its best-selling A320 jet family, telling them its ambitions are justified by expectations for post-pandemic demand, Tim Hepher reported for Reuters.


Photo Insert: Airbus A320



Major lessors have joined engine makers in warning Airbus that an aggressive output increase to a new peak above 70 aircraft a month could upset the market and hurt plane values while recovery from the coronavirus crisis remains fragile.


The latest approach came in separate letters to Airbus from at least two of the world's largest leasing companies, the sources said, confirming a Financial Times report.



Airbus has responded by saying it is sticking to its plans, which involve a firm target of 64 A320-family jets a month in the second quarter of 2023, along with studies to raise monthly output to 70 in early 2024 and 75 by 2025.


That compares with about 40 A320-family jets a month now and what was then a record level of 60 before the COVID-19 crisis. Airbus told leasing companies complaining about the plans that "demand is there," two people familiar with the matter said, speaking on condition of anonymity.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

An Airbus spokesperson declined to comment on confidential correspondence but said: "We continue to work on our commercial aircraft production ramp-up in line with the planning communicated in May 2021."



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