Airbus cuts jet production to cope with coronavirus crisis
PARIS (Reuters) - Airbus on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis. In its largest ever production adjustment, the European manufacturer said it was reducing output of its best-selling A320 narrow-body family by a third to 40 aircraft a month.
PARIS (Reuters) - Airbus on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis.
In its largest ever production adjustment, the European manufacturer said it was reducing output of its best-selling A320 narrow-body family by a third to 40 aircraft a month.
It also cut production of larger wide-body jets with the A350 falling by about 40% to 6 aircraft a month, and the A330 family down by more than 40% to 2 aircraft a month, based on the most recently published Airbus production figures.
The move, which Airbus said represented an average output reduction of a third, came as deliveries halved in March to 36 aircraft.
Aerospace has been hit worldwide by the pandemic.
Airbus has experienced particular disruption since France and Spain - two of its core manufacturing nations alongside Britain and Germany - placed their populations in lockdown in mid-March, restricting the movement of workers.
Reuters reported last week that Airbus was considering sharp cuts in production of all models in the face of plunging demand, cash problems at airline customers and logistical difficulties in delivering aircraft.
Airbus said it had delivered 122 aircraft between January and March, down 25% from a year earlier.
It also said it had produced a further 60 aircraft in the first quarter but had been unable to deliver them because of the crisis, which has forced many airlines to defer deliveries and prevented others from sending teams to take delivery.
(Reporting by Tim Hepher, Piotr Lipinski. Editing by Jane Merriman)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.