Airbus may increase A320 production on the back of growing demand

Airbus owner EADS announced a 10 percent increase in revenues for the first quarter of this year. The company reported sales of $14.01bn in a statement this morning but with adverse currency exchange rates between the Euro and the US dollar and British pound, the net losses were reported at $16.9 million.
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As the market bounces back the European manufacturers said it was considering increasing production for its narrowbody – primarily A320 – aircraft. It is due to be increasing to 40 aircraft per month by the end of the first quarter next year. But the company said today that is could be increased ever further to meet the demand.

The company also reported strong cash position which it described as a key asset to foster future growth.

”Our first quarter financial results reflect a good start to 2011. The early market success of the A320neo validates the significant prospects we envisage for this programme and the acquisition of Vector Aerospace in Canada is a major step forward in expanding our services offering. We also signed the A400M contract amendment, which provides a solid base to further advance this key programme”, said Louis Gallois, CEO of EADS.

“While advancing with the A350 XWB through achieving several critical milestones, this decisive programme continues to require our closest attention.”

Deliveries remained at a high level with 119 aircraft at Airbus Commercial, 81 helicopters at Eurocopter and the 42 nd consecutive successful Ariane 5 launch. In the first quarter,

Series production has started on the Airbus Military A400M programme and civil certification is planned later this year.

 

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