Airbus to cut down monthly production

Thursday, April 9, 2020

Airbus has decided to cut down monthly production single and twin-aisle aircraft by about a third. It has already planned to slash output of A320s to just 40 aircraft. It is also taking down monthly production of A350s to six and A330s to two.

The company said in a statement that Airbus can preserve its ability to meet customer demand with the new rates of production.  It also mentioned that it can now protect its ability to further adapt as the global market evolves post the COVID-19 pandemic.

The aircraft manufacturer has revealed that 60 aircraft were produced during the first quarter. However, in light of the coronavirus crisis, majority of those aircraft remained undelivered. No crew members or any other personnel could arrive to pick up the produced aircraft due to global travel restrictions enforced as a response to coronavirus outbreak.

However, Airbus still managed to deliver 122 aircraft over the first three months of 2020, down from 162 last year. Although in the month of March only 36 aircraft was delivered. Airbus commented on the rate in a statement and said that the latest rate of production reflects customer requests to defer deliveries including other factors related to the ongoing coronavirus pandemic. The company also took net orders for 290 aircraft in the first quarter of which 21 were secured in March.

Guillaume Faury, Chief Executive, Airbus said in a statement that the impact of the COVID-19 pandemic is unprecedented. He said that the company’s chief priorities at the present moment is protecting their people and supporting the fight against the virus. He also mentioned that Airbus is working with its social partners to figure out the most appropriate social measures to adapt to the situation.

He further added that the company is in constant touch with its customers and supply chain partners as everyone is going through the difficult times together. He said that the manufacturer is actively adapting our production to their new situation. It is addressing a short-term cash containment plan and long-term cost structure in order to work on operational and financial mitigation measures necessary to face the reality.

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