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Airbus asks suppliers to prepare for production hike; keeps a foot on brake

Airbus, which must garner political and union support for 15,000 job cuts, has for weeks been giving mixed signals

Airbus A320neo
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Reuters Paris
The world's largest planemaker Airbus has taken the industry by surprise by asking suppliers to prepare for a sharp increase in production after the coronavirus crisis - yet at the same time it quietly delayed its timetable for recovery.

Airbus said on Thursday it had asked suppliers to be ready to support an 18% increase in output of its best-selling A320 jet in the second half of 2021, partially reversing cuts when the virus provoked a global slump in travel.

That pushed the European company's shares up 6%, but also risks upsetting unions facing job cuts and governments being asked

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First Published: Oct 23 2020 | 9:34 PM IST

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