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Airbus CEO Faury sees production declining by 40% over the next two years

Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted as saying

Topics
Coronavirus | Airbus | manufacturing

Reuters  |  PARIS 

airbus, plane
Photo: Reuters

PARIS (Reuters) - is assuming a 40% drop in production over the next two years due to the crisis, Chief Executive Guillaume Faury was quoted on Monday as saying.

"For the next two years - 2020/21 - we assume that production and deliveries will be 40% lower than originally planned," Faury told Die Welt newspaper.

has so far said it could cut output by a third on average. On June 3, however, Reuters reported it was looking to hold underlying jet output at 40% below pre-pandemic plans for two years, adding pressure to cut thousands of jobs.

 

(Reporting by Tim Hepher; Editing by Kim Coghill)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, June 29 2020. 11:24 IST
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