Airbus

Portrait for @ericof
by @ericof
2020-07-31T03:30:02+00:00
Transportation • Air Transportation & Traffic, Flying
Airbus to reduce production of A350
Airbus A350
Airbus A350 Credit: wallycacsabre (Creative Commons Attribution 2.0)

Airbus announced Thursday that it will reduce the production of the A350 aircraft to only five units per month, due to the impact of the Covid-19 pandemic on the company's second-quarter results. Airbus had already reduced the A350 production from 9.5 to 6 planes per month in April.

The company is cutting up to 15,000 jobs to deal with the crisis, which it expects to hold output down by 40% for some two years compared with pre-crisis levels.

CEO Guillaume Faury stated, “We believe it is going to be a long and slow recovery,”.