Airbus fends off growing revolt over jet output plans
A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier
PARIS/WASHINGTON, Oct 26 (Reuters) – Airbus (AIR.PA) was forced for the second time in as many days to defend sharp increases in production, after one its engine makers said it did not expect to support plans for a near-twofold increase in the output of A320 jets by 2025.
The exchange with the world’s largest aerospace supplier, Raytheon Technologies (RTX.N), comes after Airbus on Monday rejected worries about overproduction from leasing companies.
Engine makers and lessors rely on the attractiveness of existing planes to support their repair revenues or rental fees, putting them naturally at odds with planemakers who make money on new jets. But the balancing act between contrasting business models has erupted into growing tensions since the pandemic.
Raytheon Technologies Chief Executive Greg Hayes said on…
