Airbus hikes output targets in bet on aviation recovery.
European manufacturer Airbus reported Thursday that it raised its jetliner production targets, sending shares across the sector higher as it recovers from the coronavirus crisis and prepares to negotiate with suppliers on its investment plans.
The world’s largest aircraft manufacturer is looking at nearly doubling production of its best-selling single-aisle aircraft by mid-decade from current crisis-depressed levels, and has finalized its production plans for the rest of this year.
Airbus is providing suppliers with an update on their production plans, giving visibility to schedule necessary investments and ensure long-term capacity and production rate readiness.
“The aviation sector is beginning to recover from the COVID-19 crisis”, said Guillaume Faury, Airbus CEO. “The message to our supplier community provides visibility to the entire industrial ecosystem to secure the necessary capabilities and be ready when market conditions call for it. In parallel, we are transforming our industrial system by optimising our aerostructures set-up and modernising our A320 Family production facilities. All these actions are set in motion to prepare our future.”
A320 Family: Airbus confirms an average A320 Family production rate of 45 aircraft per month in Q4 2021 and calls on suppliers to prepare for the future by securing a firm rate of 64 by Q2 2023. In anticipation of a continued recovering market, Airbus is also asking suppliers to enable a scenario of rate 70 by Q1 2024. Longer term, Airbus is investigating opportunities for rates as high as 75 by 2025.
A220 Family: Currently at around rate five aircraft per month from Mirabel and Mobile, the rate is confirmed to rise to around six in early 2022. Airbus is also envisaging a monthly production rate of 14 by the middle of the decade.
A350 Family: Currently at an average production rate of five per month, this is expected to increase to six by autumn 2022.
A330 Family: Production remains at an average monthly production rate of two per month.
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Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.