Business & FinanceHealth

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.

Article Tags
Topics of Interest: Business & FinanceHealth
Type: Reuters Best
Sectors: Equities
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text