Wednesday, February 25, 2009
Airbus Scales Back Production Rate
The airframer said the slowed production is not expected to impact employment.
"We monitor the market continuously and try to be proactive,” stated Airbus CEO Tom Enders. “Flexibility and adaptability are essential in times of crises. We reached record production rates in late 2008, but now we see a drop of air traffic in most regions. Many airlines are taking capacity out of the market. I do not exclude further production cuts if the need arises."