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    Home»Featured»Airbus reduces production due to COVID-19
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    Airbus reduces production due to COVID-19

    Finance KhabarBy Finance KhabarApril 18, 2020No Comments2 Mins Read
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    New Delhi: Airbus — one of the largest commercial aircraft manufacturing companies in the world — has reduced its aircraft production rates by roughly one-third due to COVID-19 pandemic.

    When asked how COVID-19 has impacted its business, Airbus told ANI: “This is by far the most serious crisis our industry has ever been in. Airbus maintains a strong focus on backlog management, supporting customers and securing business continuity.”

    “Airbus has reduced its pre-coronavirus commercial aircraft production rates by roughly one-third. With the new rates, we preserve our ability to meet customer demand while protecting our ability to further adapt as the global market evolves,” said Airbus in a statement.
    “At Airbus, we are taking and will continue to take all necessary measures to protect the future of the company in the interest of all our stakeholders but also of the industry as a whole. This will ensure we can return to normal operations once the situation improves again — because it will eventually,” adds the statement.

    India has placed the largest order of commercial aircraft to Airbus. Recently, IndiGo had placed the order of 300 A-320neo family aircraft to Airbus.

    IndiGo had issued a statement, stating that “this latest IndiGo order comprises a mix of A320neo, A321neo and A321XLR aircraft. This will take IndiGo’s total number of A320neo family aircraft orders to 730.”
    When ANI contacted IndiGo on the statement over delay in delivery by Airbus, IndiGo refused to make any comment.

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