EADS boosts A320 rates, increases 2010 outlook
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Airbus
Airbus' parent company, EADS, said today that it will increase production on the A320 to 40 aircraft monthly by 2012.
Friday, July 30, 2010 | 9:25 am
Airbus' parent company, EADS, says it will increase production rates for the A320. The European company also raised its 2010 guidance despite a drop in second quarter earnings.
EADS reported a 61 percent decline in its second quarter earnings compared to the same quarter last year. But the company, like rival Boeing Co., is seeing a strong demand for aircraft as demonstrated by orders at the recent Farnborough Airshow held outside London.
The show "exceeded expectations," said Louis Gallois, EADS' CEO.
That's why the company plans to boost production for its single-aisle A320 to 40 aircraft per month by 2012. It's at 34 aircraft monthly now and is going to 36 monthly by year's end. Production will speed up to 38 A320s monthly by August 2011.
Boeing executives said earlier this week that they're also looking at increasing production of their single-aisle 737 to 40 airplanes monthly but haven't yet made the final decision. They expect to do so later this year.
Airbus also says it expects to win 400 new aircraft orders this year -- 100 more than previously predicted.
EADS reported a 61 percent decline in its second quarter earnings compared to the same quarter last year. But the company, like rival Boeing Co., is seeing a strong demand for aircraft as demonstrated by orders at the recent Farnborough Airshow held outside London.
The show "exceeded expectations," said Louis Gallois, EADS' CEO.
That's why the company plans to boost production for its single-aisle A320 to 40 aircraft per month by 2012. It's at 34 aircraft monthly now and is going to 36 monthly by year's end. Production will speed up to 38 A320s monthly by August 2011.
Boeing executives said earlier this week that they're also looking at increasing production of their single-aisle 737 to 40 airplanes monthly but haven't yet made the final decision. They expect to do so later this year.
Airbus also says it expects to win 400 new aircraft orders this year -- 100 more than previously predicted.
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