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Airbus tells suppliers it expects to increase output by 18% in 2022

Tue 11 May 2021 14:46 | A A A

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(Sharecast News) - Airbus told its key suppliers to get ready for an 18% increase in output of A320-family jets by the end of 2022.

The expected rise comes on top of existing targets for 2021 as the airline industry gradually returns to normal levels of activity, reported Reuters.

The tentative new planning goal would lift output of the model to 53 a month.

Nevertheless, the number being floated for the end of the following year remained informal, although Airbus has committed to raising output to 45 a month by the end of 2021, up from 40 now.

"We do not comment on speculation regarding the longer-term trajectory," an Airbus spokesman told Reuters.

"We see the market recovering to pre-Covid levels in the 2023-2025 timeframe, with single-aisle recovering first," he said, adding, "uncertainties remain".

The company presented its first quarter results on 29 April, when it revealed that its operating profit rose 147% to €694m, led by commercial jets and helicopters. Revenues however slipped 2% to €10.46bn.

Free cashflow for the quarter meanwhile came in at €1.2bn, compared to the €8bn outflow that it suffered in the same period of 2020 after paying a record fine to Britain, France, and the US to settle a corruption scandal.

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