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Coronavirus crisis: Airbus anticipates a 40% drop in production until 2021

2020-06-30T08:29:28.695Z

The group should announce before the end of July "adjustments" on the workforce.Already since April, Airbus has decided to reduce by a third all of its production rates in civil aeronautics, for example falling to 40 aircraft per month for the A320 family. In an interview with the German newspaper Die Welt, Guillaume Faury, CEO of Airbus, paints a bleak outlook for the world's number one group. "For the next two years, so for 2020 and 2021, we expect production and deliverie...



Already since April, Airbus has decided to reduce by a third all of its production rates in civil aeronautics, for example falling to 40 aircraft per month for the A320 family.

In an interview with the German newspaper Die Welt, Guillaume Faury, CEO of Airbus, paints a bleak outlook for the world's number one group. "For the next two years, so for 2020 and 2021, we expect production and deliveries to be 40% lower than we initially anticipated," he said.

According to him, based on market research and discussions with its customers, the group should return to the old production rates by 2025 at the latest.

"Demand for wide-body aircraft should remain weak"

However, demand should resume more quickly for single-aisle aircraft than for wide-body aircraft. Thus, production of A320 should start to increase gradually from 2022-2023.

"Demand for wide-body aircraft, on the other hand, should remain weak over the next five years because it was already suffering before the crisis," he said.

Asked about the consequences of the fall in production on employment, Guillaume Faury reiterated that Airbus would announce before the end of July the "adjustments" on the workforce. He added that the group was exploring "all possibilities" to keep as many jobs as possible.

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