FINANCE

An Airbus executive says the output target is based on a jet deal by Reuters


Reuters. File photo: An Airbus logo is seen at the entrance to the Blagnac factory near Toulouse, France, July 2, 2020. REUTERS / Benoit Tessier

By Carlos Vargas

BOGOTA (Reuters) – A senior Airbus official on Monday defended European aircraft manufacturers’ output targets after clashes with leasing companies concerned over excess production of jetliners.

Airbus expects to produce almost twice as many of its best-selling A320 family as air travel speeds up after the coronavirus crisis. Critics have accused it of ignoring the impact on jet prices and service revenue.

“The bottom line is that we have these strong agreements with our clients – we can’t say we’re not going to honor those agreements because we think they’re too much for business,” said Arturo Bareira, president of Airbus Latin America. The sidelines of the ALTA Airline Conference in Bogot.

“We have that commitment with our clients, so there is demand and we see that the interests of many airlines are being reactivated to improve the fleet,” he told Reuters.

Industry sources said Monday that Airbus rejected calls for output restraint from leasing firms, fearing the effects of excessive production on existing asset prices.

The controversy deepened an industrial split over post-Covid demand when Airbus received objections from engine manufacturers and other suppliers over the speed of its planned output growth.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. Not all CFDs (stocks, indexes, futures) and forex prices are paid by exchanges but by market makers, and so prices may not be accurate and may differ from actual market prices, meaning prices are indicative and suitable for trading purposes. No. Therefore, Fusion Media bears no liability for any trading losses you may incur as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with financial market trading, this is one of the potential risky investment forms.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button