Airbus postpones planned production increases
18 Oct 2008
1
Paris: Airbus announced early this week it was postponing planned production increases in the face of an economic slowdown. Parent company EADS immediately lost share value in market trades in Paris.
Airbus said on Wednesday it would lower production targets in the face of global economic slowdown as well as the financial crisis that has engulfed world markets in recent weeks.
It said it would not raise production of its A320 single-aisle airliner to 40 a month in 2010, and stay at 36. It also said that it would postpone hiking production of the A330 and A340 long-haul jets by a year to 2011.
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