Airbus eyes increasing production

Airbus plans to ramp up production, saying it sees a recovery to pre-pandemic levels of demand by 2025, Report informs referring to BBC.

The world's largest planemaker said it would increase output of its A320neo by more than 10 percent, from 40 planes a month to 45 by the end of this year.

Airbus, which builds its wings in the UK, also set a new target of 64 planes a month by the second quarter of 2023.

"The aviation sector is beginning to recover from the Covid-19 crisis," said chief executive Guillaume Faury.

The move by Airbus comes at a time when airlines are still struggling to remain financially viable.

Restrictions on international travel because of the coronavirus crisis have reduced flights to a bare minimum.

Despite this, the planemaker is looking ahead. It says it expects the commercial aircraft market to recover to pre-Covid levels between 2023 and 2025, led by single-aisle aircraft, which typically carry 200-250 passengers and fly on shorter routes.

Airbus said it would step up production of its A350 family of planes from five a month to six by autumn 2022.

It also envisages producing 14 of its A220 airliners every month within the next five years. The current monthly production rate is five, which Airbus said would increase to six early next year.

However, A330 production would remain at an average of two a month.