Al-Wazir inaugurates glass factory, lays foundation stone for new appliance plant at Elaraby Group    New expansion projects, public-private partnerships to modernize, localise industry: El-Shimy    A blaze that exposed Egypt's fragile digital backbone    Al-Sisi attends high-level African summit to strengthen continental coordination, regional integration    Egypt, Mexico discuss environmental cooperation, combating desertification    Egypt launches anti-drug awareness campaign for drivers    Germany faces recruitment hurdles in push to rearm, eyes conscription    HDB expands national footprint with 'Acacia' branch in New Cairo    Lavrov warns against anti-Russia alliances in Asia during North Korea visit    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    S. Korea's c. bank holds base rate at 2.50%    Egypt's annual core CPI inflation eases to 11.4% in June: CBE    Egypt's EDA, Haleon discuss local market support    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    Egypt, Pakistan boost healthcare ties – Cabinet    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Airbus weighs sharp cut in A320 series plane production over virus crisis: Sources
Published in Ahram Online on 03 - 04 - 2020

Airbus is studying a sharp cut in output of its top-selling A320 plane series in light of industrial and delivery challenges posed by the coronavirus crisis, four people familiar with the matter said.
Airbus (AIR.PA) may have to cut its official monthly rate of 60 A320-family jets by as much as half for one or two quarters, two of the people said, to avoid a glut of undelivered jets.
Suppliers have been asked to slow their stream of parts by 40% to a rate compatible with production of 36 jets a month in the near term, one of the sources said .
A final decision is expected before the company's shareholder meeting in mid-April.
Airbus said in a statement it was “closely monitoring the evolving COVID-19 situation worldwide and is in constant dialogue with ...customers, suppliers and institutional partners.”
“Airbus is in the process of assessing the implications of the pandemic on its operations and the potential mitigation measures that could be implemented. The company will not provide further comment at this stage.”
On Thursday, Reuters reported that both Airbus and Boeing (BA.N) were also studying sharp cuts in production of larger, wide-body jets such as the Airbus A350 or Boeing 777.
Airlines worldwide have grounded fleets and stopped taking deliveries of most new aircraft due to cash shortages and travel restrictions that have both hurt travel demand and interrupted the logistics of sending inspectors and pilots to collect new jets.
At the same time, Airbus faces shortages in its own supply chain as it struggles to bring production back up to previous levels after pausing activity in several factories.
Airbus entered the coronavirus crisis with plans to increase A320-family production to 63 a month next year and to add a further 1-2 planes per month in both 2022 and 2023.
Those plans have been shelved, the sources said. The company suspended near-term 2020 delivery guidance last month.


Clic here to read the story from its source.