EADS chief says Airbus may cut output again in late 2010

Image
AFP PTI Dubai
Last Updated : Jan 21 2013 | 12:29 AM IST

European aircraft maker Airbus may cut production further in the second half of next year, Louis Gallois, chief executive of parent company EADS, said in Dubai today.

"We may have to adjust output. We cannot rule it out. For the moment, we do not have the information on which to base such a decision," he told reporters at the Dubai Airshow.

Gallois also said he hopes talks with European partner countries on the delayed A400M military transport plan will be completed by the end of the year.

EADS (the European Aeronautic Defence and Space Company) might consider acquisitions in the United States, though they would only be of modest scale, he said.

Visibility is good on aircraft deliveries scheduled for the first half of next year but it is weaker for the second half, the chief executive said.

If the aircraft maker wants to adjust production it has to make a decision four months ahead for the A320 family of short-haul planes and six months ahead for the A330 and A340 long-haul models.

"But we try to make it as quickly as possible (to help) our suppliers," Gallois said.

In October, Airbus cut the production schedule of A320s to 34 from 36 a month and froze output of A330 and A340 jets at 8.5 a month. Initially, it had planned to step up production of the long-haul planes to 10 a month by the start of 2010.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 16 2009 | 5:16 PM IST

Next Story