Reuters exclusively reports Airbus executive says jetmaker reaches new production ‘sweet spot’

Airbus has reached a crucial jetliner production target and smoothed recent industrial problems as it embarks on a new phase in its response to the coronavirus crisis, the planemaker’s chief operating officer Michael Schoellhorn¯told Reuters. Airbus recently announced output cuts of 33%-42% to limit damage as the pandemic grounded airlines around the world. First, however, it had to overcome the difficulty of producing planes at all as lockdowns spread across Europe.