Airbus considers A340 cuts

Published 9:00 pm Sunday, March 12, 2006

A French newsletter is reporting that Airbus plans to cut A340 production in half this year, from 12 to six, because of weak demand and order cancelations. An Airbus spokeswoman denies the story. But the co-chairman of parent company EADS acknowledges production cuts are a possibility. All this and more, in this article from Bloomberg News: http://www.bloomberg.com/apps/news?pid=10000172&sid=aT2VXzQCypMQ&refer=market_insight

Key Quote: “Airbus, the world’s biggest planemaker, won orders for only 15 of the four-engine A340s in 2005 compared with 155 orders for the two-engine, more fuel-efficient 777.”